Singapore’s green building sector is poised for rapid growth, driven by digital twin and artificial intelligence (AI) technologies, according to a study by Schneider Electric and the Singapore Green Building Council (SGBC). The report highlights that over a fifth of businesses in Singapore have achieved cost savings between 30% and 49% through these technologies, with energy savings reaching up to 20% in the past year.
The study underscores the increasing importance of green building technologies in reducing both costs and emissions. Approximately 80% of respondents reported emissions reductions exceeding 10% due to energy efficiency technologies, renewable energy integration, and innovative building materials. As these technologies advance, businesses anticipate further savings, with projections of up to 49% over the next five years.
Employee and regulatory expectations are also influencing the adoption of green buildings. The percentage of business leaders citing employee expectations as a key driver rose to 8%, whilst regulatory expectations increased to 10%, partly due to Singapore’s Mandatory Energy Improvement regime.
Yoon Young Kim, Cluster President of Schneider Electric for Singapore and Brunei, noted, “Singapore’s embrace of digital green building solutions has positive implications for our progress towards national net zero targets.” Allen Ang, President of SGBC, added, “This survey reaffirms industry support for green building implementation.”
The findings align with Singapore’s Green Building Masterplan, aiming for 80% of buildings to be classified as green by 2030. As the nation progresses towards these targets, the role of digital and AI technologies in the built environment is expected to become increasingly significant.
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