Tuesday 24 March 2015

Perceiving 2015 Construction Trends

Incoming trends and perceptions always intrigue us as New Year comes. Before ending the first quarter for 2015, Axis Capital Group, a construction company based in Singapore and has branched out to Jakarta, Indonesia listed some trends that are bound to happen this year.

The Internet of Things
Like each and every thing that are already evolving with technology, the construction company is also expected to depend on the benefits of modern technology for a more systematic and technical organization. Telematics is having a significant impact on a growing number of industries and construction is no exception. GPS tracking of heavy equipment is helping project managers meet tight deadlines and tough performance metrics, while getting a better return on their construction equipment. Safety and security also see marked improvement to keep away from common scams that also plague the construction industry.  

Greener World
Green building is trendy and cost-effective. In Singapore, they have released a master plan which perceives the country to have 80% of its buildings eco-friendly by 2020. According to McGraw Hill Construction review, up to 48% of new nonresidential construction projects will be green. That’s a $145 billion opportunity for construction firms. Additionally, the call to continue greening existing buildings will only continue to rise. Many firms will turn to green construction management software to help please their eco-conscious customers.

Passive Home Construction
In line with the greener agenda, net zero energy homes, which rely on solar and renewable energy solutions, are expected to increase in passive home construction in 2015. Passive homes rely on home design and materials for auxiliary heating and cooling.

Increase in Statistics
Commercial buildings will increase faster than in 2014, about 15%. Because of the economic environment, there are many positive factors contributing to construction growth in commercial, with office construction being the leading sector. Also expected to have growth are technology and finance firms as well as hotels and warehouses.
Single family housing will also see approximately 15% rise in dollars. The New Year is expecting to show more access to home mortgage loans, which, in turn, will drive demand for housing. In the following years, the millennial generation is expected to move towards becoming single family home owners, which too will drive housing construction.

Manufacturing plant construction looks like it will slow down in 2015 compared to the huge increases from 2013 and 2014. Compared to historic standards, next year will still see many projects focusing on the start of chemical and energy related projects, but overall, less than the past two years.

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