From digital twins to virtual power plants, we break down the critical categories of tech vendors helping building managers minimize operational costs and increase building sustainability.
The commercial building sector is evolving under the influence of sustainability and efficiency demands, as well as technological innovations such as digital twins, commercial cleaning robots, and virtual power plants.
These technologies are redefining planning, maintenance, and operational cost strategies while encouraging sustainability. For instance, HVAC systems — which account for 40% of a building’s energy usage — are now more manageable and efficient thanks to digital sensor technology.
The industry has also been shaped by the SEC’s mandatory climate disclosure ruling. Publicly traded Real Estate Investment Trusts (REITs) now report on climate-related risks and greenhouse gas emissions, leading many to adopt ESG monitoring platforms to meet the new standards.
In our market map below, we highlight 115 proptech players across 11 tech categories within the commercial building sector.
Note: Our map includes private technology vendors that have received funding in the last 5 years and have total funding of $1M or more. This market map is not exhaustive of the space.
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