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PropTech market predicted to grow by CAGR of 16.5 percent for the next 9 years
A recent PropTech report published by Allied Market Research provides a global opportunity analysis and industry forecast from 2022 - 32. According to the report, the PropTech industry generated $26.8 billion in 2022, and is anticipated to generate $119.88 billion by 2032, witnessing a Compound Annual Growth Rate (CAGR) of 16.5% from 2023 to 2032.
PropTech encompasses all building processes, eliminating onerous tasks, and boosts them with automated solutions, reducing costs in the long run by enabling firms to simplify operations, enhance productivity, and allocate resources more effectively.
Accelerated adoption of artificial intelligence (AI), big data and digital transformation in real estate are the major factors driving the growth of the global PropTech market. Furthermore, IoT (Internet of Things) and smart buildings are anticipated to provide significant growth opportunities in the upcoming years. The property managers/agents segment is projected to manifest the highest CAGR of 19.7% as the increasing demand for effective property management solutions propels global market growth.
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Wood burning emissions to be monitored this winter across England
The National Centre for Atmospheric Science is to monitor emissions from wood burners across the UK this winter, looking for an indication that solid fuel burning is rising.
The research will be carried out across three air quality supersites situated in Manchester, Birmingham and London, which are designed to track long-term trends in different pollution types and provide evidence to inform government policy. Recent figures have revealed that almost 16% of people in the South East of England and around 18% of people in Northern Ireland use wood burners, one of the biggest sources of small particulate matter (PM) nationwide. PM2.5 can bypass filters in the lungs, passing into the bloodstream where it can lead to serious health conditions.
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Green Building Council publishes new guidance on embodied carbon
The UK Green Building Council has published new guidance to improve how embodied carbon emissions are modelled and reported.
Although embodied carbon is being increasingly factored into how we design new buildings and influencing decisions behind whether an existing building should be demolished or re-purposed; there is currently a lack of consistency and transparency of embodied carbon modelling methods. Embodied carbon makes up 20% of the UK’s built environments’ carbon emissions so it’s important we are able to accurately understand the carbon impact of the building materials and design choices made across an asset’s lifetime. The report is free to download from the original article.
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Revised code of practice BS 5839-8:2023 for voice alarm systems
A new code of practice - BS 5839-8:2023 – has been published for the design, installation, commissioning, and maintenance of voice alarm systems.
Eighth in the series of British Standards on fire detection and alarm systems, BS 5839-8:2023 gives recommendations on what voice alarm system to use and how to use it. Incorporating the latest regulatory and legislative requirements for building evacuation, along with technical changes, it includes:
- A new recommendation regarding voice alarm loudspeakers
and disabled refuges
- Simplification of the equation for calculating I2 for standby batteries
- A new clause on cybersecurity
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Wishing everyone a very happy Christmas and New Year
The festive season is approaching fast, offering us an opportunity to step away from our daily routines and enjoy precious moments with friends and family.
Here’s a quick reminder of our opening times over Christmas and New Year:
Mon 25 and Tue 26 Bank Holidays Wed 27 - Fri 29 Dec normal working hours Mon 1 Jan – Bank Holiday
During bank holidays and outside our normal working hours of 0800 - 1700, support will be provided by our 24hr helpdesk 0333 207 4245 and supporting on-call teams.
So that just leaves us to thank all our valued customers, suppliers, and dedicated staff and wish you and your families a wonderful Christmas and a New Year filled with happiness, good health, and prosperity.
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0333 207 4245 | info@evotech.co.uk | www.evotech.co.uk
Evolution Technical Services Ltd
Northern Office: Lowfields Close, Lowfields Business Park, Elland, HX5 9DX
Southern Office: Grove House, Lutyens Close, Chineham Court, Basingstoke, RG24 8AG
North East Office: 8 Vance Business Park, Norwood Road, Gateshead, NE11 9NE
Humberside Office: Freightliner Road, Hull, HU3 4UW
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