Do You Have a Robust Growth Strategy Adaptable to the Evolving Megatrends and Consumer Needs?

The energy and environment industry is transforming to facilitate a green energy transition, driven by investments in solar photovoltaic, a growing emphasis on grid modernization, regional interconnectivity, and robust policy support. While traditional emission reduction technologies are facing challenges, heating, ventilation, and air conditioning (HVAC) solutions are taking the lead.?

Has your company identified the most promising avenues for growth?

This edition of Frost and Sullivan’s Growth Opportunity Newsletter evaluates top megatrends, key companies, and growth opportunities emerging from the dynamic energy and environment landscape to prepare your leadership team for growth.?

Megatrends such as mitigating greenhouse gases (GHGs) and achieving long-term net-zero energy targets are focal points for several developed and developing countries. The emphasis on the circular economy is fostering a strong growth trajectory. Seize this opportunity to redefine your innovation and growth path in Energy and Environment while exploring answers to questions like:?

• Is your organization developing competitive strategies to address cost and energy challenges in decarbonization???
• Are your teams leveraging the growth opportunities driven by the rising demand for smart HVAC solutions in various regions???
• Is your organization exploring strategic partnerships with industry stakeholders to capitalize on growth opportunities??
• What innovation strategies are you implementing to meet facility management technology demand, while sustainably aligning with diverse pricing??

How is your organization adapting to the transformative changes ensuring alignment with evolving technological paradigms??

The carbon industry, valued at $821 billion in 2023, is set to nearly double in size by 2030, reaching a staggering $1,750 billion. Today there are 77 initiatives around the world to combat climate change through carbon taxes and emissions trading systems, with more to be implemented in the next 5 to 10 years. Direct Air Carbon Capture (DACC) will prove instrumental in enabling net-zero pathways helping offset emissions from industries such as airline, automotive, and marine where legacy carbon capture technology is impossible to implement.?

The questions remain:?

• As solutions like DACC emerge, what strategic imperatives will ensure your leadership in the global energy and environment domain??
• Which best practices can help your team gain a competitive edge over an array of participants ranging from start-ups to multinational companies??
• How can your team optimize growth strategies based on carbon capture capacity, prominent technologies, and regional splits??

Here is an overview of the growth opportunities arising from the carbon industry:??

The global facility management (FM) industry is currently undergoing a profound transformation, driven by megatrends and challenges spanning the economy, technology, and the environment. Meanwhile, the HVAC equipment domain, valued at $229.85 billion in 2023, is experiencing notable growth, largely driven by circularity megatrends like remanufacturing practices. Together, these industries have significantly contributed to the robust 7.2% growth rate observed in the homes and buildings landscape in 2023.?

A few growth opportunities observed in the industries are:?

• Homes and Buildings: Transformative growth persists despite industry instability, propelled by factors such as energy efficiency policies, cybersecurity measures, digital and circular lighting practices, AI integration, and the demand for personalized smart home experiences.?
• HVAC: the Asia-Pacific region leads in revenue generation, followed by North America and Europe, driven by sustained construction growth and stringent energy regulations, promoting advanced HVAC technologies.?
• Facility Management: Looking forward to 2024, the FM industry's dynamic opportunities will arise from the convergence of key megatrends like technology, sustainability, workplace optimization, and user experience enhancement.?

Top Strategic Imperatives for Growth?

Are You Aware of the Strategic Imperatives Driving Transformation in the Homes and Buildings Industry??

• Capitalize on the growth opportunities with vast potential?
• Leverage disruptive technologies to bridge the growth gaps?
• Discover innovative business models and adopt industry best practices to grow?

Explore More Growth Opportunities:

Don’t miss out on our Transformational Journey section which provides thought leadership to execute key growth opportunities.

Top Growth Opportunities in Sustainability and Circular Economy?

What innovation strategies can you implement to meet indoor air quality demand, while sustainably aligning with diverse pricing??

This is a short version of Frost & Sullivan’s Growth Opportunity Newsletter. Sign up here to get the full edition in your inbox every month.