Construction Sector Building the Future: Allied Market Research Highlights Remarkable Industry Events in Q3 2023?
The construction sector is one of the extensively growing and lucrative sectors of all. It holds substantial opportunities due to heavy investments and increased developments. The construction industry is abuzz with exciting events that shape its future. According to Allied Market Research, in the third quarter of 2023, numerous industry gatherings garnered attention and brought together professionals, innovators, and thought leaders. The industry witnessed a multitude of knowledge-sharing opportunities and showcased cutting-edge technologies.?
From July 31 to August 3, 2023, the CII Annual Conference took center stage, attracting industry pioneers from around the globe. This prestigious event showcased emerging trends, breakthrough technologies, and transformative strategies that are revolutionizing the construction landscape. The keynote presenters at the conference were, Anirban Basu, Chief Economist – Chairman & CEO, Sage Policy Group, Michael Webber, Josey Centennial Professor in Energy Resources, The University of Texas at Austin, and Patrick Nelson, CEO, Loyalty Point Leadership. The conference served as a catalyst for collaboration and explored innovative approaches to enhance productivity, sustainability, and resilience in the construction sector. By 2031, the global construction 4.0 market is projected to garner a revenue of $62.2 billion, increasing from $11.9 billion in 2021.?
BAU CHINA 2023, held from August 3 to 6, brought together industry leaders, architects, and designers to showcase the latest advancements in building materials, technology, and infrastructure solutions. The new event, RealTech Summit in BAU, China engaged leading real estate developers together with the China Real Estate Chamber of Commerce, which made the new event one of the most eye-catching on-site programs. The focus of the summit was to explore the new pattern of real estate development in China. The global real estate market is projected to grow at a CAGR of 5.3% from 2022 to 2031.?
Contech23, held on August 22 and 23, captivated participants with its focus on construction technology and digital transformation. The event served as a platform for industry experts to share insights, best practices, and success stories related to the implementation of technology in various construction processes. In the event, “Mutlipex- Quay Project,” Jason Poole, Project Director of Multiplex, talked about Quay, which is an ambitious infill development that will see a 21-storey purpose-built rental tower built in between two existing and fully leased/operational rental apartment buildings. Attendees gained valuable knowledge about the latest trends in BIM, robotics, artificial intelligence, and more, empowering them to embrace innovation in their projects. An increase in demand for data integration and visual analytics in the construction sector has significantly contributed to the growth of artificial intelligence in construction in recent years?
The construction industry witnessed a convergence of creativity and innovation at the London Design Festival. From September 16 to 24, 2023, the festival celebrated the power of design, captivating visitors with stunning installations, thought-provoking exhibitions, and engaging talks. Design enthusiasts and industry professionals explored the forefront of design thinking, discovering new trends and gathering inspiration to shape the future of construction. Here are some of the most striking and memorable highlights from five of London Design Festival’s districts:?
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Groundbreak 2023, held from September 18 to 20, provided a platform for construction project management professionals to gain valuable insights. The event featured industry-leading speakers who shared their expertise and experiences, shedding light on the latest advancements, challenges, and opportunities in project management. Procire, a leader in the construction project management software, came to Groundbreak event with a massive tranche of AI functionality and partnerships, a new GIS offering and tools to improve user experience for subcontractors. Tooey Courtemanche, Procore Founder and CEO said, “The partnership programs we have are fundamental to our success.” Attendees left the event equipped with practical strategies to optimize project efficiency, collaboration, and success.?
On September 19, KSA Leaders 2023 took place, offering a digital gathering for construction leaders in Saudi Arabia. This exclusive event facilitated meaningful discussions on the region's construction landscape, exploring strategies to drive growth, innovation, and sustainability in the sector. Dr Hassan Albalawi, CEO and Founder of Wakecap Technologies, started the session and presented his tech-driven approach for megaprojects. During the Construction Week Middle East’s Leaders in Construction KSA Summit 2023, digital and sustainability trends were part of a complete set of sessions, where listeners heard from tech-CEOs, Sustainability Managers, and data-driven Directors.? The global modular construction market was valued at $131.1 billion in 2021 and is projected to reach $234.7 billion by 2031.?
Held from September 26 to 29, the Greenbuild International Conference and Expo 2023 in Washington, DC, was a highly anticipated event in the construction industry. It served as a global platform for contractors, engineers, architects, and sustainability professionals to gather and explore the best practices in sustainable building and design. The conference featured a broad range of educational sessions, workshops, and panel discussions focused on sustainability, green building technologies, and environmental stewardship. One of the highlights of the event was the extensive exhibition floor, where industry-leading companies showcased their innovative products, technologies, and services.??
Elevating the Construction Industry’s Potential?
The industry events in the third quarter of 2023 showcased the construction sector's commitment to innovation, sustainability, and collaboration. From exploring cutting-edge technologies at BAU CHINA 2023 and Contech23 to embracing design excellence at the London Design Festival, industry professionals gained valuable insights and forged connections that will shape the future of construction. With a focus on digital transformation, project management efficiency, and sustainable practices, these events propelled the industry forward, inspiring professionals to push boundaries and create lasting impact. As the sector continues to evolve, these events serve as beacons of progress, driving the construction industry towards a brighter and more prosperous future.?
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