Construction

Macau Construction Industry Report 2024: Output to Expand by 8.8% in Real Terms in 2024, Supported by an Increase in Tourism and PPI in Leisure and Hospitality Sectors - Forecasts to 2028 - ResearchAndMarkets.com

Retrieved on: 
Friday, July 19, 2024

The construction industry in Macau is expected to expand by 8.8% in real terms in 2024, supported by an increase in tourist arrivals in the country and public and private investments in the leisure and hospitality sector.

Key Points: 
  • The construction industry in Macau is expected to expand by 8.8% in real terms in 2024, supported by an increase in tourist arrivals in the country and public and private investments in the leisure and hospitality sector.
  • The budget is anticipated to generate revenue of MOP107.11 billion ($13.1 billion) in 2024, with a significant portion coming from GGR.
  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Macau, featuring details of key growth drivers.
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.

Lindab's Interim Report January - June 2024: Sales growth and improved operating margin

Retrieved on: 
Friday, July 19, 2024

Business area Ventilation Systems, which represents approximately 75 percent of sales, continued to grow and delivered an operating margin of 10.4 percent.

Key Points: 
  • Business area Ventilation Systems, which represents approximately 75 percent of sales, continued to grow and delivered an operating margin of 10.4 percent.
  • Profile Systems, which has been affected by weaker demand for several quarters, improved its operating margin to 8.7 percent thanks to implemented cost measures.
  • Ventilation Systems delivered its highest ever sales and operating profit, while Profile Systems recovered and improved its profit for the first time in two years.
  • Ventilation Systems increased both sales and operating margin compared with the same period last year.

Sweden Construction Industry Report 2024: Market to Fall by 6.1% in Real Terms This Year, Owing to Head Winds Caused by High Inflation, Interest Rates, and Falling Building Permits - ResearchAndMarkets.com

Retrieved on: 
Friday, July 19, 2024

Construction industry in Sweden is projected to fall by 6.1% in real terms in 2024, owing to head winds caused by high inflation, interest rates, and falling building permits.

Key Points: 
  • Construction industry in Sweden is projected to fall by 6.1% in real terms in 2024, owing to head winds caused by high inflation, interest rates, and falling building permits.
  • Moreover, the country's average construction production value index fell by 7.1% in the first three months of 2024, preceded by an annual decline of 6% in 2023.
  • Major decline in the residential sector and weakness in commercial sector is likely to weigh on the construction industry's output in 2024.
  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Sweden, featuring details of key growth drivers.

Plant Asset Management (PAM) Market size is set to grow by USD 2.01 billion from 2023-2027, Incorporation of 3D modeling in real-time asset management to boost the market growth, Technavio

Retrieved on: 
Thursday, July 18, 2024

This feature is particularly useful during maintenance, enabling organizations to schedule tasks based on distinct scenarios created through prescriptive analytics.

Key Points: 
  • This feature is particularly useful during maintenance, enabling organizations to schedule tasks based on distinct scenarios created through prescriptive analytics.
  • Leading vendors like Rockwell Automation, ABB, and IBM offer prescriptive analytics services for asset management, providing data on factors influencing plant operations.
  • Plant Asset Management (PAM) market is witnessing significant trends in various sectors, including aerospace & defense and automotive.
  • Plant Asset Management (PAM) Market: Overcoming Challenges in Various Industries The Plant Asset Management (PAM) market faces several challenges in diverse sectors like Aerospace, Automotive, Construction, Energy & Power, and Manufacturing.

TechnipFMC Awarded Large iEPCI™ Contract for Energean’s Katlan Development

Retrieved on: 
Thursday, July 18, 2024

TechnipFMC (NYSE: FTI) (the “Company”) has been awarded a large(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Energean for its Katlan development in the Mediterranean Sea.

Key Points: 
  • TechnipFMC (NYSE: FTI) (the “Company”) has been awarded a large(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Energean for its Katlan development in the Mediterranean Sea.
  • The award follows an integrated Front End Engineering and Design (iFEED®) study by TechnipFMC, which optimized the commercial and technological solution for the field.
  • The contract covers the design, manufacture, and installation of the production systems, pipe, umbilicals, and subsea structures.
  • This is another iEPCI™ with Energean, demonstrating the collaborative relationship of our two companies which enables TechnipFMC to continue to deliver improved project economics.”
    (1) For TechnipFMC, a “large” contract is between $500 million and $1 billion.

Scope Technologies Launches Scope 2.0

Retrieved on: 
Thursday, July 18, 2024

DENVER, July 18, 2024 /PRNewswire/ -- Scope Technologies today announced the launch of its software-as-a-service (SaaS) model, Scope 2.0. Designed for roofing and siding contractors, Scope 2.0 sets a new standard for data-driven business transformation in the construction industry.

Key Points: 
  • Updated SaaS model empowers contractors with industry-leading roofing estimation software, roof measurement reports, and property insights
    DENVER, July 18, 2024 /PRNewswire/ -- Scope Technologies today announced the launch of its software-as-a-service (SaaS) model, Scope 2.0.
  • CEO and Founder of Scope Technologies Jerod Raisch said: "We are thrilled to unveil Scope 2.0, representing a significant evolution of our flagship RoofScope platform.
  • Also included is unlimited access to ProDocs software, Scope Technologies' proprietary estimation software system for customizable proposal creation, material takeoff and ordering, and client invoicing.
  • For more information about Scope 2.0 and the path to Better Data Bigger Profits™, explore Scope Technologies' innovative solutions , visit RoofScope.com or contact 1-877-697-2673.

Drones could revolutionise the construction industry, supporting a new UK housing boom

Retrieved on: 
Thursday, July 18, 2024

To achieve this, it promises planning reform and the reintroduction of local housing targets.

Key Points: 
  • To achieve this, it promises planning reform and the reintroduction of local housing targets.
  • Drones have the potential to transform the construction industry in the UK.
  • In construction, drones can monitor site progress, conduct safety inspections and even lift heavy materials, with some models capable of lifting over 20kg.
  • For instance, drones could reduce the incidence of workers falling from heights, the leading cause of fatalities in the construction industry.

New framework

  • Our study proposes creating a new national framework for commercial drone deployment, encompassing all benefits and risks under a single law.
  • We suggest that certain use cases, particularly in regional areas, be greenlit quickly and by default, even for heavier drones.
  • Line-of-sight requirements – where operators must maintain a line of sight with their drone at all times – should be relaxed in hazardous areas.

Unifying laws

Sri Lanka Construction Industry Report 2024: Output to Grow by 6.2% in Real-terms this Year Due to Low Base Effects Following the Annual Decline of 21.8% in 2023 - Forecasts to 2028 - ResearchAndMarkets.com

Retrieved on: 
Thursday, July 18, 2024

Construction industry in Sri Lanka to record real growth of 6.2% in 2024, predominantly due to low base effects following the annual decline of 21.8% recorded in 2023.

Key Points: 
  • Construction industry in Sri Lanka to record real growth of 6.2% in 2024, predominantly due to low base effects following the annual decline of 21.8% recorded in 2023.
  • In January 2024, the Sri Lanka Urban Development Authority (UDA) announced it plans to finalize the construction of 22 mixed development, residential, Information Technology (IT), and tourism projects this year.
  • I
    n April 2024, the government also announced it plans to attract over LKR1.5 trillion ($4 billion) in foreign investment in 2024.
  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Sri Lanka featuring details of key growth drivers.

France Construction Industry Report 2024: Market to Decline by 2.5% in Real Terms This Year, Due to High Interest Rates, and Declining Investor and Consumer Confidence - Forecast to 2028 - ResearchAndMarkets.com

Retrieved on: 
Thursday, July 18, 2024

The construction industry in France is expected to decline in real terms by 2.5% this year, owing to the impact of high interest rates, and declining investor and consumer confidence that has led to a slowdown in project developments.

Key Points: 
  • The construction industry in France is expected to decline in real terms by 2.5% this year, owing to the impact of high interest rates, and declining investor and consumer confidence that has led to a slowdown in project developments.
  • The residential sector will account for much of the downturn in the short term, owing to a sharp decline in the floor area of dwelling construction.
  • Under the latest energy policy targets announced in February 2024, the country aims to have 35GW-44GW of installed solar capacity by 2028.
  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in France featuring details of key growth drivers.

Promont, a Leading NYC-Based General Contractor and Developer, Announces Licensure in Florida

Retrieved on: 
Thursday, July 18, 2024

NEW YORK, July 18, 2024 /PRNewswire-PRWeb/ -- Promont, a premier general contractor, developer, and construction management firm based in New York City, is excited to announce its official licensing to operate throughout the state of Florida. This significant milestone marks a new chapter in Promont's journey of growth and excellence in the construction industry.

Key Points: 
  • Promont, a leading New York City-based general contractor and developer, proudly announces its newly acquired licensure to operate in the entire state of Florida.
  • "We have curated the expertise, resources, and innovations in construction, ensuring meticulous planning and efficient execution from new projects to retrofits."
  • The company's unwavering commitment to excellence and client satisfaction has positioned it as one of New York's top general contracting firms.
  • As a licensed general contractor, Promont takes responsibility for building projects sustainably and according to plan.