Facade Market Size, Share, and Analysis by 2031
The facade market is projected to reach US$ 275.24 billion by 2031 from US$ 205.60 billion in 2023. The market is expected to register a CAGR of 3.7% during 2023–2031. The growing construction industry across the globe is likely to remain key facade market trends.
Facade Market Analysis
Smart building design in the construction industry is closely linked to sustainability. Applying smart elements to upcoming facades includes selecting and testing different technologies to enhance the quality and abilities of a facade system. Also, advanced technologies are being incorporated to enhance the facades by adding value and function to buildings. A facade can be attributed as smart when it can adapt to environmental conditions and transform accordingly, subject to the components' adjustability and adaptability to different conditions, both inside and outside the building. Smart facades also include smart glazing to maximize sunlight while protecting against solar radiation, simultaneously controlling ventilation and heating when required.
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