The construction industry has always been one of the major indicators of any country’s economic growth. It directly impacts global Gross Domestic Product (GDP). And as the pandemic caused disruptions on almost all facets of society, the industry should anticipate the long-term effects these disruptions caused.
Any industry that fails to adapt to the times will likely be swept aside. As the industry continues to evolve, stakeholders should be aware of which directions the industry is headed in the next several years. It pays to keep up with the trends and be in a position to do something. So, below are areas of the construction industry where changes will most likely be happening.
Operation Trends
Among the most crucial trends going on in the industry revolves around the overall improvement of construction operations. Changes will be coming in terms of efficiency, productivity, and safety, which will be advantageous to everybody.
Autonomous Construction Equipment
Driverless options will continue to grow as manufacturers continue to push for them in the industry. This would result in the rise of autonomous heavy equipment, which uses remote control systems. Operators would no longer be needed in the cabs. Other equipment could also be operated autonomously.
And as the world is moving away from fossil fuel, heavy equipment manufacturers are now taking steps to produce heavy machinery that use high-capacity lithium-ion batteries. Countries could issue regulations to further reduce carbon emissions, and diesel-operated machines could become extinct and replaced by electricity-powered equipment.
This could signal other manufacturers to transition from diesel to electric engines to keep up. Whether electric or diesel-powered, these heavy pieces of machinery would still need maintenance, which means companies like Fortis could provide essential services.
Improved Safety Measures
The construction industry has one of the highest fatalities in the workplace. According to statistics from OSHA, about 20% of accidents that resulted in deaths occurred in construction sites. That means one in five workers who died at work is employed in the construction industry.
This resulted in safety measures being updated and modernized. One method that the construction industry is working on to reduce accidents is by using wearable technology. Wearable tech can be devices attached to toolbelts, smart work boots, and tags on vests and hard hats. These wearable tech aims to:
- Reduce the risk of injury
- Monitor worker vitals
- Track the location of workers
- Provide information on worksites
With these techs becoming available, safety in the worksites will continue to be among the top priorities in the industry. However, the 2020 pandemic made safety doubly important. Changes to lessen the disease’s spread will center on workers’ separation and heightened cleanliness protocol.
Keeping workers separate, however, won’t be easy to pull off on a job site where workers must work together and collaborate. Expect to see smaller work crews and staggered shifts for a less crowded job site. Cleanliness protocols will also mean requiring masks, hand sanitizers, and other general health protocols. Tools being passed around as well as sharing hard hats and gloves will be discontinued.
Continue Reading: https://www.insightssuccess.com/changes-happening-in-the-construction-industry-in-the-coming-years/.
The global flexible electronics market was USD 20,850.0 million in 2015, which is estimated to reach USD 87,210.0 million by 2024, according to a new report by Grand View Research, Inc.
Flexible batteries, displays, memories are a few products realized with the adoption of this technology.
The technology provides ample opportunities in the area of smart textiles, which is the future of wearable’s.
Government support in the form of funding that lends a helping hand to several research projects in this field is also anticipated to impact the industry growth positively.Healthy demand for smart glasses, e-books, smartphones, smart watches, and e-papers is expected to catapult market growth over the next eight years.
The technology facilitates electronic systems to be stretched, rolled, and flexed, minimizing design issues associated while developing compact, portable and miniature devices.
The style and functionality of wearable devices is anticipated to witness a transition over the next eight years with companies such as Samsung, Apple, Nike and Google investing heavily in this segment, thereby providing avenues for discovering novel applications incorporating this technology.Further key findings from the report suggest:The consumer electronics segment accounted for over 55% of the overall revenue in 2015.
