Global mega trends such as urbanisation and economic and technological development are changing the demographics and financial outlook in Asia which have given a thrust to economic activities in the region, inevitably leading to a boom in the demand for residential and non-residential building spaces.
New analysis from Frost & Sullivan (http://www.buildingtechnologies.frost.com), Asia-Pacific Buildings Sector: Macro to Micro Implications of Mega Trends to 2025, finds that the Asia-Pacific market for building construction is expected to reach US$2.73 billion by 2025, growing at an average annual growth rate (AAGR) of almost 7% from 2011.
The buildings sector is known as one of the biggest consumers of energy and emitters of carbon dioxide. To reduce energy intensity and carbon emissions, Green Buildings are likely to be one of the main solutions, which will eventually generate opportunities for prefabrication/modularization, light emitting diodes (LEDs), building management and services and etc. With an expected annual growth of nearly 30% from 2012, the size of the green buildings market is likely to reach US$1.20 trillion in 2025 and 35-45% of green buildings revenues are likely to come from green retrofit of non-green buildings, and the rest from new green buildings.
The building construction community is anticipated to prepare for the boom of green buildings developments. Architects, engineers, interior designers, developers, facility managers, contractors and governments are eager to learn and source the latest products and technology available in the market. As a one-stop platform gathering the whole building construction community together under one roof, Build4Asia 2014 (www.build4asia.com) is the best place for suppliers and manufacturers to promote their business and products, meet face-to-face with their targeted buyers and the fulfil the upcoming market demands. 500 international exhibiting companies will be participating at the Hong Kong Convention and Exhibition Centre from 7-9 May 2014.
Held biannually, this industry renowned 4-in-1 Sustainable Architecture, Design, Building Services and Electrical Engineering Tradeshow comprise 4 sub shows namely Asian Elenex, Asian Building Technology, Asian Architectural Interiors and Asian Hospitality Design and Technology is focused on Energy Efficiency this to embrace all you need from planning, building, managing to renovating a building. 15,000 professionals from the industry from around Hong Kong, Macau, Southern China and Southeast Asia will be attending the show as well as gaining insight through various onsite conferences, forums and networking functions. The Organiser, Hong Kong Exhibition Services Limited, is now inviting companies to exhibit at the show. To find out more, please visit www.build4asia.com.
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