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The AEC industry is experiencing significant growth driven by infrastructure spending, urbanization, and demand for sustainable and smart buildings. Digital transformation, including BIM and generative design, is reshaping practices, increasing efficiency, and enabling more complex projects. Supply chain issues and skilled labor shortages remain key challenges, alongside a focus on resilient design for climate change.
Total Assets Under Management (AUM)
Construction Spending in United States
~Approximately 2.0 trillion USD (2023, seasonally adjusted annual rate for total construction spending)
(4.1% (2023 vs. 2022) CAGR)
- Residential spending: strong growth in single-family.
- Non-residential spending: driven by manufacturing and infrastructure.
- Public spending: significant growth due to federal investments.
1.3 trillion USD
AI-powered algorithms explore and generate numerous design options based on specified parameters, optimizing for performance, cost, and sustainability.
Virtual replicas of physical buildings and infrastructure that enable real-time monitoring, simulation, and predictive maintenance throughout the asset lifecycle.
Robotics for automated construction, prefabrication, and on-site assembly, enhancing safety, speed, and precision in building processes.
This bipartisan infrastructure law allocates over $1.2 trillion to upgrade and rebuild America's infrastructure, including roads, bridges, public transit, broadband, and clean energy projects.
This policy directly increases the demand for AEC design services for public sector projects, providing Elevar with significant opportunities in infrastructure and community-focused developments.
The IRA includes significant tax credits and incentives for clean energy, energy efficiency, and sustainable building practices, aiming to accelerate decarbonization and green construction.
This policy incentivizes clients to invest in sustainable design, aligning with Elevar's expertise in sustainable design and potentially increasing demand for their LEED-accredited services.
States and local jurisdictions are increasingly adopting stricter energy efficiency and green building codes, such as the International Energy Conservation Code (IECC) 2021 or 2024 editions, which mandate higher performance standards for new and renovated buildings.
These updates necessitate more sophisticated design and engineering solutions to meet compliance, playing into Elevar's strengths in energy efficiency and building enclosure expertise, while also requiring clients to make more upfront investments.
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