Building and Construction

The pre-engineered buildings market is projected to reach USD 25.0 billion by 2024, at a CAGR of 11.5% from 2019. Factors such as rapid industrialization, growth in the infrastructural investments, an increase in the use of steel in building & construction, and rising demand for sustainable buildings drive the pre-engineered buildings market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=128289566 Growth in new types of non-residential construction, such as healthcare, education, recreational and social infrastructure, and retail is also fueling the demand for single-story pre-engineered buildings. Furthermore, the lower price of single-story buildings and the benefits of creating large open spaces which are efficient, has easy maintenance, and has architectural flexibility, support the demand for single-story pre-engineered buildings. Recent Developments In March 2019, Nucor Corporation has planned to expand its steel plate production capacity by

  In today’s economy and considering the cyclical nature of the construction industry, the benefits of renting construction equipment are amplified. Many contractors, construction companies, and a wide variety of industries are more and more exploring rental options. As cited by Keith Homes, Vice President of operations at the equipment rental platform BigRentz, there has been a significant shift from purchasing new equipment to the rental model among the contractors and construction companies that use the site. Many economists and business leaders foresee economic recession to be on the horizon, which may further fuel the demand for equipment rental and push companies even further away from leasing and ownership. There are several costs associated with the purchase of new equipment, such as the cost of equipment ownership, the initial asset cost, and the tenure to pay off equipment financing, plus maintenance and repair costs. Construction companies are wary of such costs and, on top

The rainscreen cladding market is projected to grow from USD 10.1 billion in 2019 to USD 14.3 billion by 2024, at a CAGR of 7.1% from 2019 to 2024. Rainscreen cladding market is expected to grow in accordance with the growth of the construction industry across the globe. Factors such as increase in the residential and non-residential construction and innovation as well as remodeling activities, along with the demand for durability of rainscreen cladding with the ability to withstand various weathering actions and resist chemical attacks & deterioration are expected to support market growth. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=145960571 In terms of value and volume, the new construction segment is estimated to lead the rainscreen cladding market in 2019 The new construction segment held the largest market share among all the construction of rainscreen cladding as it is affordable and is installed in regions having extreme weather condition

The pipeline monitoring system market size is estimated to grow from USD 4.6 billion in 2019 to USD 6.5 billion by 2024, at a compound annual growth rate (CAGR) of 7.1% from 2019 to 2024. The increase in demand of pipeline monitoring systems for crude & refined oil is driving the growth of the pipeline monitoring system market, which is expected to witness high growth as a result of the increasing number of oil & gas leakages in production, pipelines, and storage tanks due to natural disasters and high pressure; and the stringent government regulations for pipeline safety and security and expansion and upgradation of pipelines. The growing trend of the development of new devices and solutions to monitor pipeline performance, optimize resources, automate the functions, and safeguard the operations are witnessing the growth of the pipeline monitoring system market. The next-generation technologies, which are the future of the pipeline monitoring market, comprise integrated, multi