Gold
Building automation may grow to $118.7 billion by 2026
The global intelligent building automation technologies segment was valued at $ 61.2 billion in 2017, in terms of revenue, it dominated the global market. North America is expected to be the leading contributor to the global market revenue during the forecast period.
The major driving factor for the intelligent building automation technologies market is the increasing need of infrastructure with reduced carbon dioxide emissions, which further triggers governments to provide more incentives as the trend of smart-cities is on a rise. IBAT also has become a differentiator in the real estate business as it conforms with improved safety and security systems.
North America generated the highest revenue in the market in 2017 and is expected to lead the global market throughout the forecast period.
The IBAT aims to reduce operational costs substantially through the integration of IoT platforms. Several stringent energy consumption regulations passed by governments worldwide have boosted the adoption of Intelligent Building Automation Technologies. Growing concerns regarding the environment, depleting fuel resources, and the increasing need to reduce energy consumption further support the growth of the intelligent building automation technologies market.
Other factors supporting market growth include supportive government regulations, increasing awareness, and technological advancements. Increasing investments by vendors in technological advancements coupled with research and development further boost the market growth.
Commercial buildings are adopting Intelligent Building Automation Technologies owing to stringent government regulations, and the need to reduce operation costs.
Odisha to Get Kharagpur-Visakhapatnam Expressway Soon: Minister
A new greenfield highway connecting Kharagpur in West Bengal and Visakhapatnam in Andhra Pradesh, passing through Odisha, is set to be constructed soon. This expressway is poised to become a vital logistics corridor, enhancing high-speed transportation in the region. Works Minister Prithviraj Harichandan shared that preliminary preparations for the project have already commenced. He emphasised that the expressway would play a crucial role in the Gati Shakti Framework of the Central government, describing it as a groundbreaking initiative in road construction for Odisha. Greenfield roads typi..
LTTS wins project to develop smart cities in Colorado USA
Mid-sized Indian IT services company L&T Technology Services (LTTS) announced on Monday a strategic partnership with the Colorado Smart Cities Alliance (CSCA) to develop smart city projects across Colorado by integrating innovation and technology. In a regulatory filing, LTTS stated that the collaboration would utilize its advanced engineering expertise to support CSCA's mission of enhancing urban living and creating sustainable ecosystems through smart city solutions. The partnership aims to develop sustainable, efficient, and technologically advanced communities by pooling resources and exp..
Bengaluru Metro to Expand to 175 km by 2026, Boosting Urban Mobility
Bengaluru’s metro network is set for a major expansion, aiming to extend its total length to 175 km by 2026. This ambitious project is part of the Namma Metro initiative, designed to improve connectivity across the city, alleviate traffic congestion, and promote sustainable urban mobility. The expansion involves constructing new metro corridors, such as the Purple Line and the Outer Ring Road-Airport Line, which will link major city hubs, commercial centres, and residential areas. This development is expected to enhance accessibility for commuters throughout Bengaluru. A key highlight of t..
