- The key vendors in the Construction Market in the APAC Region are Adhi Karya Persero Tbk PT (ADHI), China State Construction Engineering Corporation Ltd. (CSCEC), Larsen and Toubro (L&T) Construction, Leighton Contractors Pvt. Ltd. and Song Da Construction Corp.
London, 12 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Construction Market in the APAC Region 2014-2018. The report analyzes that rapid urbanization has driven the growth of this market in the APAC region with a rise in the construction of mega structures and high-quality infrastructure. Growing demand for public infrastructure is also promoting growth in the market in recent times.
In an effort to promote sustainable development, construction companies in the APAC region are focusing on green building construction as more focus is laid on the construction of energy-efficient buildings.
“With rapid growth in the Construction industry in the emerging markets of Australia, China, India, Indonesia, and Vietnam, the Construction market in the APAC Region is expected to retain its position as the leading and largest construction market in the world,” says Faisal Ghaus, Vice President of TechNavio Research.
Focus on Energy-efficient Building Construction
With a rise in energy prices, restrictions on energy use and stringent carbon emission regulations construction firms, building owners, and government bodies are devoting a considerable amount of attention to the potential savings that can be achieved with new technologies to monitor and control energy usage in buildings. The annual revenue from energy-efficient building technology and services in the APAC region accounted for US$43.3 billion in 2013 and is expected to increase to US$92 billion by 2022.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
