The homes and buildings industry is expected to continue its post-pandemic recovery in 2022, after the reopening of economic activities in 2021. The lighting, HVAC, refrigeration, facility management, and smart homes markets have already had strong comebacks due to robust customer demand combined with business transformation initiatives by industry participants. However, industry challenges such as construction delays, supply-chain disruptions, the semiconductor shortage, and other uncertainties due to geopolitical crises are expected to affect industry growth. This outlook provides industry predictions and trends identified based on an in-depth analysis of key industry influencers and indicators.
There is increased awareness of climate change, willingness to invest in the digitalization of buildings, and emphasis on improving occupant experience and well-being among building owners and facility managers. Homes and buildings industry participants need to explore the key growth zones noted in the study, leverage the opportunities identified, and expand their portfolio in those areas to create new revenue streams and solidify growth.
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