US-Iran, Steel River & Omterra: This Week's Top Five Stories 1. Strait of Hormuz Shut Again as US-Iran Fighting Restarts The US & Iran have traded strikes over the Strait of Hormuz, leaving oil prices surging and the Commonwealth Bank warning of a return to triple-digit crude The fragile truce between the US and Iran has broken down. Air raid sirens have sounded across Gulf states in recent days as both nations resumed hostilities following a few weeks of relative calm. The immediate trigger came on 6 July, when Iran's Islamic Revolutionary Guard Corps (IRGC) struck three commercial vessels near Oman, including a Qatari liquefied natural gas tanker, after they reportedly ignored warnings and attempted to pass through a route lined with sea mines. Washington responded with retaliatory strikes on Iranian military targets the following day. Tehran answered with missile and drone attacks on Gulf military bases hosting US forces. By 8 July, US President Donald Trump had declared the ceasefire “over”. Iran then shut the Strait of Hormuz once again, accusing Washington of interfering with the waterway by facilitating alternative transit routes. 2. Steel River: Google Breaks Ground on US's Largest Solar Farm Google and Cypress Creek Energy have begun work on the Steel River Energy Center in Arkansas, pairing solar and battery storage to power AI infrastructure Construction has officially begun on what will become the largest solar facility in the US. The Steel River Energy Center, located in Mississippi County, Arkansas, is being developed by Cypress Creek Energy with Google acting as both the anchor investor and offtaker, meaning that the tech giant has committed to buying the power the project will generate. When the project is completed in 2029, Google expects it will be capable of generating 2.5GW at peak performance, while it will also add
Jul 18, 2026 · via energydigital.com
Digital transformation should be considered the foundation of modern urban governance; therefore, in the coming period, Can Tho city will gradually build a unified urban data ecosystem, promote data sharing from the central to local levels and among management agencies, and form an open data platform to serve citizens, businesses, and research. This was one of the main topics discussed at the Smart City Symposium themed "Shaping the Smart City Development Strategy - Innovation Hub of the Mekong Delta," organized by Can Tho City on July 18th. Speaking at the conference, Vice Chairman of the People's Committee of Can Tho City, Nguyen Van Hoa, stated that the ultimate goal of a smart city is to change the way urban governance is conducted, putting citizens at the center, shifting from administrative management and the application of isolated technologies to urban governance that enables the government to make faster and more accurate decisions. Technology is only truly meaningful when it helps governments manage more effectively, enables businesses to innovate more, and allows citizens to access public services more conveniently, safely, and sustainably. The key factor is not technology itself, but rather a team of leaders, managers, and officials with vision, innovative thinking, and governance capabilities in the digital environment. Can Tho's national smart city development plan for the period 2026-2030, with a vision to 2040, clearly identifies data as the core foundation. Urban databases must be standardized, interconnected, and updated in real time to serve analysis and forecasting. AI will be used as a tool, and innovation as the driving force for sustainable development. International experience from Singapore, South Korea, Japan, China, the Netherlands , and other countries in the region shows that the success of smart cities is closely linked to the coordinating role of the State, a people-centered approach, the
Jul 18, 2026 · via vietnam.vn
Ranchi: State Urban Development Agency (SUDA), an arm of the urban development department, will establish a State Climate Centre for Cities (S-C3) in the state. It will be set up as part of the Centreâs âCity Investments to Innovate, Integrate and Sustain 2.0â (CITIIS 2.0) programme. Suraj Kumar, director of SUDA, said, âThe core purpose of the S-C3 is to address escalating climate change challenges within cities and actively foster sustainable urban development, along with advancing a circular economy that prioritises waste management.â As a part of the groundwork, SUDA on Saturday opened the recruitment process for four key positions â a chief climate action officer (CCAO), an environment/climate specialist, an environmental and social officer, and a gender expert. The role of the CCAO will span planning, implementing, monitoring and evaluating all programme activities. Key responsibilities include managing urban climate data, assessing risks and impacts, and co-developing adaptation and resilience plans with govt and various stakeholders. The mandate also covers policy support, public outreach and capacity building through training and technical assistance for city officials and planners. Officials said the S-C3 will have its head office in Ranchi under the aegis of SUDA. It will also have dedicated nodal departments stationed at all nine urban local bodies (ULBs) in Ranchi, Adityapur, Mango, Chas, Dhanbad, Deoghar, Hazaribag, Giridih and Medininagar. At the municipal level, a dedicated municipal climate action department will be established to execute these initiatives. This department will be headed by the respective municipal commissioner, who will have a city climate action officer, a health officer and various subject matter experts reporting directly to him or her to ensure smooth implementation. âThe centre aims to develop and implement strategies, policies and initiatives that successfully mitigate the impact of climate change, enhance overall resilience, and promote environmentally responsible and sustainable
Jul 18, 2026 · via timesofindia.indiatimes.com
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Jul 18, 2026 · via youtube.com
Dive Brief: - The San Francisco Board of Supervisors voted 9-2 Tuesday on initial approval to reduce inclusionary housing mandates for developers from 15% to a minimum of 5%, the San Francisco Examiner reported. - The amendment, which will now move to a second vote, also eliminates inclusionary mandates for developments under 25 units. At the same time, the Board moved to expand San Francisco’s Affordable Housing Trust Fund from $52 million to $125 million, a decision that will go before voters in November, according to Mayor Daniel Lurie. - “Inclusionary requirements are intended to support affordable housing, and they can help us do that,” Lurie said in a social media post following the Board’s vote. “But in a moment when our city is barely building any housing, they can stop projects altogether. And when nothing gets built, costs go up, and families are forced to leave.” Dive Insight: As cities and counties across the country seek ways to boost housing development amid an affordability crisis, longstanding local ordinances are going under the microscope, including, ironically, affordability mandates. San Francisco first adopted inclusionary housing mandates in 2002. In lieu of including a percentage of below-market-rate units in a project, residential developers may pay an affordable housing fee to the municipality. The measure has been responsible for the creation of more than 3,600 affordable housing units since its inception, according to a report from the supervisors’ budget and legislative analyst. In the past three years, however, due to stalled housing production, San Francisco has not collected any inclusionary housing fees from developers, according to Supervisor Myrna Melgar. Melgar, a co-sponsor of the latest reforms, said during the July 14 meeting she hopes the changes will incentivize more market-rate housing and be a temporary fix. “I don’t love lowering the inclusionary percentage
Jul 18, 2026 · via smartcitiesdive.com
Marc Einstein
Marc has over 20 years of experience in the ICT technology research and consulting focusing largely on the Telecommunications and Enterprise IT sectors. Prior to joining Counterpoint Research Marc held several senior positions in industry analyst firms in the USA, Hong Kong, Singapore and Japan. Based in Tokyo since 2010, Marc is a regular speaker at industry events and a frequent TV panelist. Marc also spent time in the strategy department of the largest mobile gaming company in Japan. A speaker of 6 languages, Marc holds a BSBA in Finance from Washington University in St. Louis and was a visiting student at Rangsit University in Bangkok, Thailand.
Jul 17, 2026 · via counterpointresearch.com
This story was first published at KUNC News. AURORA | Tim York sees Aurora residents watering their lawns on those extra days when they aren’t supposed to, even when their illegal watering happens at 4 a.m. York doesn’t actually see the violations with his own eyes. But the leader of Aurora’s water conservation program knows they’re doing it with the help of a new computer program. “We look at about 2.2 million data points for each individual day, so we’re looking at hourly water use data, and we built some scripts that run against that data on a weekly basis to say “was somebody irrigating when they’re not supposed to be?”” York said earlier this month at his desk at Aurora’s water operations facility. With a few clicks of his mouse, York zeroed in on one of the thousands of watering violations recently committed in Aurora. A graph on one of his large LCD screens revealed a repeating pattern four days a week very early in the morning. He said it could only be a sprinkler on a timer. This surveillance is powered by smart water meters installed last year on homes in Aurora. They transmit data every 15 minutes via cell signal. York’s team automatically gets a spreadsheet each week of thousands of likely outdoor watering violations. Humans verify the data before sending warnings or fines. “If they say “there’s no way I irrigated,” it’s like, well, this is what (the data) shows, and then they usually agree,” he said. “We’re not picking on people just to pick on them. We’re addressing violations, and the reason we’re doing it is a good reason. Water supply is very, very poor.” Aurora’s supply is currently only about half full, and dropping. It’s usually still filling with snowmelt this time of year.
Jul 17, 2026 · via sentinelcolorado.com
Canada wildfires: Smoke choking major US cities July 17, 2026Smoke from hundreds of wildfires burning in Canada has prompted air quality warnings across parts of the United States on Friday, triggering fresh tariff threats from US President Donald Trump. More than 800 wildfires are burning across Canada and the clouds of dense smoke have spread south, choking major cities including Detroit, Chicago, and New York. Cities record 'hazardous' air quality readings Both Detroit and Chicago issued air quality index readings in the "hazardous" range, while in New York, the metro area was shrouded in a smoke tinted haze, deemed unhealthy for sensitive groups. National Weather Service (NWS) forecasts have warned that conditions may worsen overnight into Saturday morning. The AFP news agency cited NWS meteorologist Peter Mullinax as saying that wind over the Great Lakes region could cause more smoke to pour into the Northeast, which could keep skies hazy. There is concern from some air quality forecasters that more smoke is blown south after weekend weather systems. Trump threatens Canada with more tariffs over wildfires US President Trump said he was "holding Canada responsible" for the wildfires, threatening higher tariffs on the neighboring country to make up for the "cost of this pollution." "We are holding Canada responsible for the fact that they are not properly maintaining their Forests, and Brush therein, and the United States is being unnecessarily invaded by filthy, polluted, and unhealthy air, the quality of which is dangerous, and totally unacceptable!" Trump wrote on his Truth Social platform. He added that he will reach out to Canada's prime minister to "find out what they are going to do about it." World Cup organizers 'monitoring closely' FIFA World Cup Organizers said they were "monitoring closely" the situation with the final between Spain and Argentina due to
Jul 17, 2026 · via dw.com
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🚀 Future Blueprint | Cities of Tomorrow - YouTube
Jul 17, 2026 · via youtube.com
Defining cities and measuring what is urban shapes knowledge across fields. But delineations from what is rural and boundaries at the edges of cities or within them are not always harmonized across contexts or paradigms of study, a problem tackled in different ways across this issue’s content. What makes a city a city? Definitions of urbanity vary by country, region and institution. Many states and agencies define a city based on a population threshold, some define a city by administrative boundaries, and others integrate multiple factors — such as population density, land-use characteristics or economic activities — to build a more multifaceted definition. In recent years, the UN1, among others, have worked not to retire local definitions but to harmonize them across boundaries to enable meaningful comparisons. A persistent feature of defining what counts as urban is its opposition to the category of rural, although the distinction in many ways is mutually constitutive. As an editorial team, we are invested in growing Nature Cities into a generative place to flesh out how to define a city, the implications of different definitions and measures, and of urban–rural connections and dichotomies. Many of the works in this issue tease out aspects of these elements. In a World View, Batáry draws the conclusion that planning models must integrate cities and their rural surroundings to be sustainable. With a life shaped by both city and village life, Batáry considers how profoundly the landscapes of both have changed in post-communist Hungary, and yet how deeply they affect each other. The question of integration extends to the relationship between urban development and natural ecosystems within the city itself. In the case of Nusantara, the new capital city of Indonesia — planned to be a ‘forest city’ — the integration pertains to the city itself. In their
Jul 17, 2026 · via nature.com
The new “Smart Cities Control Room” workshop is coming An initiative by the ITS Academy for Energy, Environment and Sustainability, which has opened a new state-of-the-art laboratory at Estra’s headquarters in Prato. Its Academy for Energy, Environment and Sustainability has inaugurated the new “Smart Cities Control Room” at Estra’s headquarters in Prato: a state-of-the-art facility dedicated to training in the monitoring, analysis and control of smart cities and complex energy systems. The workshop The infrastructure, funded through the National Recovery and Resilience Plan (PNRR) with an investment of €883,729.49, is the latest addition to the network of decentralised laboratories that ITS Academy Energia is setting up directly within its partner companies, moving away from the traditional school model towards a training approach designed to better understand the needs of businesses. The laboratory has been designed as a fully-fledged training control room, capable of accommodating a class of around 30 students, who will be able to collect, visualise and analyse data from urban mobility systems and energy infrastructure in real time, with the aim of acquiring skills that can be immediately applied in the utilities sector, public administrations and technology companies. Benefits for students Using professional tools and cloud infrastructure, students will be able to simulate the activities of Smart City operations centres, from monitoring consumption and infrastructure to analysing mobility and identifying anomalies. The aim is to train technicians capable of using data to make urban services more efficient, safe and sustainable. As part of its collaboration with ITS Academy, Estra will also consider setting up work placements, internships, apprenticeship schemes and potential employment opportunities for students trained through the laboratory. Statements ‘The network of workshops represents the most complete embodiment of our approach to training, as they enable students to gain experience and knowledge directly within companies, in close
Jul 17, 2026 · via en.ilsole24ore.com
Automotive World’s latest light vehicle production forecast has revised anticipated global output to 76.5 million units, down 3.1% from prior estimates. Practically all of the 2.5 million-unit shortfall originated from one country: China.
Chinese production is now expected to top out at 18.7 million units, a 17% reduction. This more bearish conclusion reflects growing pessimism among China’s automakers and industry associations about market saturation; more cars are currently being produced than local consumers can absorb. Brands particularly likely to be impacted include BYD, Chery and Geely.
Production across the rest of the world is anticipated to offset this decline partially: India has been revised up 18%, Mexico 6.1%, the US 4.4%, and Europe 0.8%. However, the sheer scale of China’s contribution still drags the overall figure negative.
To learn more about what brands are struggling and succeeding, download the July update to Automotive World’s light vehicle sales forecast.
Jul 17, 2026 · via automotiveworld.com
The Kerala Industrial Corridor Development Corporation (KICDC) is gearing up to launch promotional campaigns for the Palakkad Smart City—part of the Kochi-Bengaluru Industrial Corridor—by December. The corporation also aims to start allocating land to large-scale industries early next year. Industries requiring more than 50 acres of land will be considered in the first phase of allotment. The infrastructure development work, which commenced in October last year, is expected to be completed by April 2029 as targeted. Alongside this, the government aims to complete the land allotment to ensure the Smart City becomes fully operational. The project is progressing under the leadership of Industries Minister P.K. Kunhalikutty. A team, including Industries Department Additional Chief Secretary A.P.M. Mohammed Hanish, the District Collector, and NICDC officials, reviews the construction progress every month. Technical inputs from IIT Palakkad and NIT Tiruchirappalli are being fully utilised in designing the infrastructure development. Out of the 1,450 acres of land acquired by the Kerala government for the project at a cost of ₹1,489 crore, 889 acres have already been handed over to KICDC. Proportionate to this land transfer, the corporation has received ₹934.46 crore from the Central government for infrastructure development. The Kerala Industrial Corridor Development Corporation Limited (KICDC) is a Special Purpose Vehicle (SPV) formed with equal equity participation by KINFRA (under the government of Kerala) and the National Industrial Corridor Development and Implementation Trust (NICDIT, under the Central government) to coordinate the development activities of the Smart City. Kerala is the first state in the country to complete the tendering process and commence infrastructure development among the 12 industrial smart cities being implemented nationwide. An EPC (Engineering, Procurement, and Construction) contract has been awarded for the comprehensive development of the Smart City, covering everything from design to construction and maintenance. Based on the design details
Jul 17, 2026 · via thehindubusinessline.com
Rapid population growth is placing increasing pressure on natural resources, urban systems, and climate resilience. Today, many environmental and development challenges are intensified by population growth. From water management to food security, and from pollution to traffic and infrastructure concerns, each broader problem is exacerbated by exponential population growth. Starting with water, more people means more water extraction, stress on rivers and aquifers, and demand for clean drinking water that exceeds available supply. Aging pipelines, inadequate maintenance, and outdated management systems contribute to the growing gap between requirements and resource delivery. Food security follows the same pattern. Population growth increases the demand for farmland, irrigable land, transport, and storage. Traditional food systems are not equipped to feed rapidly growing urban populations. The planet does not have infinite soil and water resources, making sustainable practices increasingly essential. Pollution is another side effect of crowded cities. More people mean more vehicles, more industries, more energy and food consumption, and more waste. The volume of waste can exceed the capacity of municipal management systems, resulting in unauthorised dumping as rivers, streets, and empty plots become dumping grounds. This not only creates an unpleasant environment but also fosters unhygienic conditions and raises health concerns. Climate change magnifies these trends, turning cities into heat traps that are increasingly difficult to live in during peak summers. In Delhi, the Ghazipur landfill has become a stark example of how long-term mismanagement can create serious environmental hazards. The towering landfill illustrates the consequences of unchecked waste generation and inadequate waste management. Then there is infrastructure. The current structure of cities, from roads and bridges to healthcare and housing, is not designed to carry such a large population. This shortcoming is reflected in daily traffic jams, power outages, flooded streets, overwhelmed hospitals, and the rising cost of living in
Jul 17, 2026 · via dawn.com
Massachusetts homebuilders will have a smaller hill to climb when submitting variance requests following new reforms included in the state’s fiscal 2027 budget. Instead of having to prove “substantial hardship” in a request for an exception to a local zoning ordinance, petitioners must demonstrate only a “practical difficulty” in adhering to the local ordinance or by-law, according to an analysis by law firm Bowditch. The measure tasks local zoning authorities with considering the potential benefits to both the applicant and the community, “including the interest in supporting the production of housing against the detriment to the public health, safety and welfare of the neighborhood,” when considering variance requests, according to the amendment approved as part of the state budget signed July 9. The amendment also doubles the lifespan of an approved use variance, from one year to two. The reform follows a number of state-level efforts to ease housing production restrictions in Massachusetts, which for decades has “maintained one of the most demanding variance standards,” according to Bowditch. The budget also includes extensions for zoning freezes for approved projects and provisions for local governments to communicate about public hearings for zoning amendments, special permits and variances via email, the law firm said. “These changes will help accelerate housing production while preserving local decision-making,” Gov. Maura Healey’s office said in a news release following the budget’s approval. The state is working toward creating 222,000 homes by 2035. It announced last month that it is 15% of the way there after adding nearly 35,000 new homes last year.
Jul 17, 2026 · via smartcitiesdive.com
For the second consecutive year, Asunción will be the meeting point for leaders, technicians, public managers, and experts at the upcoming “Smart City Paraguay 2026” congress. The event is designed to foster dialogue and advance ideas that will help transform Latin American cities into smarter, more sustainable, and inclusive places prepared for future challenges. The congress and expo will take place at the Centro de Eventos del Paseo La Galería on the 24th and 25th of August. The event has been declared of national tourist interest by the National Secretariat of Tourism (Senatur) and of municipal interest by the Municipal Board of Asunción. Its timing is considered crucial for Paraguayan cities, as it coincides with a year marked by municipal elections and the redefinition of new priorities for citizens. Consequently, Smart City Paraguay 2026 positions itself as the primary strategic space for initiating relevant conversations and supporting the construction of a forward-thinking urban agenda. A platform for tangible urban projects The organisers aim for the summit to be a catalyst for real-world change. Fernando Hugo Loza, an engineer and co-founder of the organising consultancy Certus Group, articulated this vision: “We want Smart City Paraguay to be a place where ideas converge and are converted into real projects for the country’s urban future, because we believe that transforming cities depends on everyone, not just the public sector.” A central goal of the initiative is to place Paraguayan cities on the list of recognised smart cities across Latin America. These are municipalities distinguished by their urban innovation, sustainability, technology, and high quality of life. “We believe that our country has the talent, the institutional capacity, the private sector and the urban potential necessary to join this agenda,” Loza highlighted. Smart City Paraguay 2026 themes and speakers The congress agenda will revolve around
Jul 17, 2026 · via asunciontimes.com
PearlX, Aspen Real Estate Financial, and The San Bernardino Housing Authority Unlock the Energy Estate at Golden Sands Apartments A 224-kilowatt solar system in Victorville brings workforce housing residents discounted clean energy, as electricity costs and grid strain make on-site solar infrastructure a necessity, not a luxury VICTORVILLE, Calif., July 16, 2026 (GLOBE NEWSWIRE) -- PearlX, the energy infrastructure and capital partner to multifamily owners and developers, today announced a new partnership with Aspen Real Estate Financial LLC and the Housing Authority of San Bernardino to deliver a 224-kilowatt solar energy system at Golden Sands Apartments, a 120-unit housing community located at 15930 Nisqualli Road in Victorville, CA. The partnership is a demonstration of PearlX's Energy Estate model, a framework that treats multifamily buildings not merely as structures that consume power, but as distributed grid assets with long-term, financeable value. Through a master lease agreement, PearlX finances, installs, and operates the full energy system at no capital cost to the property owner, paying landlords rent in exchange for the right to manage the building's energy load and infrastructure. The backdrop makes this partnership timely. The average monthly residential electricity bill has risen nearly 30% since 2021, and at least 242 electric and natural gas utilities have already implemented, been approved for, or are proposing rate increases affecting more than 111 million electricity customers between 2025 and 2027. Data center energy demand is projected to rise from roughly 5% of total U.S. electricity consumption in 2025 to nearly 12% by 2030, squeezing a grid that was never built for this load. For multifamily operators, these aren't abstract macro trends. They arrive in the mail every month. For a workforce housing community like Golden Sands, the stakes are especially meaningful. Low-income families already spend more than 15% of their income on energy,
Jul 17, 2026 · via energydigital.com
Building Automation System Innovation: Key Trends, Growth Drivers and Opportunities Introduction to Building Automation System Innovation Building Automation System (BAS) innovation is fundamentally reshaping the management of modern infrastructure by integrating Internet of Things (IoT) sensors, artificial intelligence, cloud-based analytics, and advanced control systems. Unlike traditional building management that relies on manual adjustments and isolated systems, modern BAS provides centralized, intelligent control over heating, ventilation, air conditioning (HVAC), lighting, security, fire safety, and energy management. These sophisticated platforms automatically optimize building operations based on real-time occupancy, environmental conditions, and predictive algorithms, enabling organizations to significantly enhance energy efficiency, reduce operational costs, improve occupant comfort, and achieve critical sustainability targets. As governments and corporations worldwide intensify their focus on digital infrastructure and green initiatives, BAS has become an indispensable cornerstone of smart buildings and the broader vision of smart cities. History of Building Automation The journey of building automation began with pneumatic controls and centralized timers for basic HVAC and lighting functions in the mid-20th century. The advent of microprocessors and digital controls in the 1980s marked a significant leap, allowing for more complex, programmable logic. However, it was the rapid proliferation of internet connectivity, wireless communication protocols like BACnet, Zigbee, and Wi-Fi, and the emergence of cloud computing that truly transformed the industry. This evolution shifted BAS from siloed, on-premise systems to interconnected, data-rich platforms. Today, the integration of AI-powered analytics and IoT-enabled sensor networks has enabled a paradigm shift towards predictive maintenance, real-time energy optimization, and the creation of truly responsive and intelligent built environments. Benefits of Building Automation System Building Automation Systems deliver substantial, quantifiable value across diverse sectors by optimizing operations, slashing expenses, and fostering superior occupant experiences. Key benefits include: - Substantial energy savings through intelligent HVAC and lighting controls, reducing utility costs. - Centralized, remote
Jul 17, 2026 · via marketsandmarkets.com
16 Jul WELCOME TO THE INTELLIGENT EDGE – A NEW APPROACH TO DATA MANAGEMENT Intelligent Edge is a technology approach that combines edge computing with artificial intelligence (AI) and advanced data processing to analyze information closer to where it is generated. Instead of sending all data to centralized cloud servers for processing, intelligent edge systems perform analysis locally on devices, sensors, or nearby computing infrastructure. This allows organizations to make faster decisions, improve efficiency, and reduce dependence on constant cloud connectivity. Traditional computing models often rely on centralized data centers where information is collected, processed, and stored. While cloud computing provides powerful capabilities, sending large amounts of data back and forth can create delays, increase bandwidth costs, and raise privacy concerns. Intelligent Edge addresses these challenges by moving computing power closer to the source of data. A common example of intelligent edge technology is found in smart devices and industrial systems. In manufacturing, machines equipped with sensors and AI capabilities can monitor performance, detect equipment problems, and make adjustments in real time without waiting for instructions from a remote server. This helps reduce downtime and improve productivity. Intelligent Edge is also transforming areas such as healthcare, transportation, retail, and smart cities. In healthcare, wearable devices and medical equipment can analyze patient information quickly and provide immediate insights. In transportation, connected vehicles can process environmental data locally to support safer and more efficient driving. In retail environments, intelligent cameras and sensors can help manage inventory and improve customer experiences. One of the biggest advantages of intelligent edge is speed. Because data does not need to travel long distances for processing, systems can respond almost immediately. This is especially important for applications that require real-time decisions, such as autonomous vehicles, cybersecurity monitoring, and industrial automation. Security and privacy are additional benefits. Processing
Jul 17, 2026 · via futuristsspeakers.com
Residential Elevators Market Residential Elevators Market by Elevator Technology (Traction, Machine-room-less, Hydraulic), Service (New Installation, Maintenance & Repair), and Region - Global Forecast to 2031 OVERVIEW Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis The residential elevators market is projected to reach USD 58.6 billion by 2031 from USD 51.8 billion in 2026, at a CAGR of 2.5% from 2026 to 2031. The market is growing due to an aging population and a rising focus on energy-efficient buildings. Additionally, growing investments in smart cities and infrastructure are accelerating further growth. KEY TAKEAWAYS - By RegionAsia Pacific accounted for a significant share of 48% in 2025. - By Elevator TechnologyIn elevator technology, the traction elevator segment is projected to register the highest CAGR (2.6%) during the period. - By ServiceBy service, the modernization segment is projected to register the highest CAGR (3.7%) during the period. - Competitive Landscape - Key PlayersOtis Worldwide Corporation (US), Schindler (Switzerland), KONE Corporation (Finland), Hitachi Ltd. (Japan), and TK Elevator (Germany) were identified as star players in the residential elevators market (global), given their strong market share and product footprint. - Competitive Landscape - Startups/SMEsSigma Elevators (India), WeMaintain (France), Cibes Lift (Sweden), and ORONA (Spain) have distinguished themselves among startups and SMEs by securing strong footholds in specialized niche areas, underscoring their potential as emerging market leaders. The residential elevators market is growing due to the aging population requiring elevators for easy mobility, growing investments in smarrt cities and infrastructure, followed by rising focus on energy-efficient buildings. TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS The residential elevators market is witnessing a shift toward smart, space-efficient, and energy-efficient solutions driven by changing homeowner preferences and advancements in home automation. Machine room-less (MRL) and traction elevators are gaining popularity because they require minimal space, consume less energy and are
Jul 16, 2026 · via marketsandmarkets.com