Innovation in the construction industry is evolving rapidly, and BuiltWorlds\u2019 fifth annual Global Innovators list is a testament to this transformation. The 2024 edition of the list has expanded from 50 to 75 companies, reflecting the industry\u2019s increasing drive and capacity for adopting groundbreaking technologies and methodologies.<\/p>\n Each year, BuiltWorlds\u2019 Global Innovators list highlights companies making significant strides in advancing the buildings and infrastructure sectors. These organizations are recognized for pushing boundaries internally within their operations and externally across the global industry.<\/p>\n \u201cThe Global Innovator awards are an annual recognition of the companies considered by the industry to be driving change, both internally and externally, in the most impactful and widespread ways,\u201d says Tyler Sewall<\/strong>, Senior Research Director for BuiltWorlds. \u201cThe intent of this award is to highlight those organizations on the leading and bleeding edges of innovation to inspire, educate, and inform the whole ecosystem.\u201d<\/p>\n Companies featured on this prestigious list are described as \u201cfirst movers,\u201d \u201clighthouses in the fog,\u201d and, at times, \u201ccanaries in the coal mine\u201d for the global construction industry. Their work sets benchmarks for what\u2019s possible in an era of rapid technological change.<\/p>\n This year\u2019s expanded list acknowledges the construction industry\u2019s remarkable evolution over the last five years. According to Sewall, the role of innovation within organizations has grown significantly, with more companies establishing dedicated innovation teams and expanding their focus areas.<\/p>\n \u201cMany innovation teams started out with a specific focus, generally either related to pilot programs or investments in early-stage technologies. In recent years, more mature innovation teams have sought to build more robust \u2018open innovation\u2019 programs that operate across business units and combine pilot programs, venture investments, corporate development, and business innovation efforts to broadly expand all business opportunities,\u201d Sewall explains.<\/p>\n The decision to include 75 companies instead of 50 reflects this shift. The expanded list captures the industry\u2019s increasing readiness and capacity to integrate innovation into its core processes, fostering a culture of continuous improvement and technological maturity.<\/p>\n \u201cThe technological maturity of the construction industry has advanced significantly, and this progress is no accident,\u201d Sewall notes. He attributes much of this advancement to substantial investments from leading companies in the world. These efforts have driven the development of new technologies and a broader acceptance of innovation across the industry.<\/p>\n As organizations continue to prioritize innovation, it becomes increasingly crucial to recognize these efforts and their transformative impact. The expanded Global Innovators list serves as both a celebration and a roadmap, highlighting the companies shaping the future of the built environment.<\/p>\n This year\u2019s Global Innovators list is available on the BuiltWorlds website. For an in-depth look at the companies leading the charge in construction technology and innovation, visit the 2024 Global Innovators list<\/a>.<\/p>\n Source: BuiltWorlds, Chicago, IL, January 8, 2025<\/em><\/p>\n<\/div>\n![\"BuiltWorlds](\"https:\/\/aec-business.com\/wp-content\/uploads\/2025\/01\/BuiltWorlds-2024-Global-Innovators75.jpg\")
<\/figure>\nCelebrating a New Era of Innovation<\/strong><\/h2>\n
Why 75? The Growth of Innovation in Construction<\/strong><\/h2>\n
Acknowledging Industry-Wide Progress<\/strong><\/h2>\n
Explore the 2024 Global Innovators 75<\/strong><\/h2>\n