Schneider Electric Digital Twins Propel Singapore’s Green Momentum: FutureIoT Report
Schneider Electric Digital Twins Propel Singapore’s Green Momentum: FutureIoT Report
According to FutureIoT, a recent joint study by Schneider Electric and the Singapore Green Building Council (SGBC) finds that Singapore’s green building sector is gaining momentum, driven by increased adoption of digital twin and artificial intelligence (AI) technologies.
FutureIoT states that the study found more than 20% of Singapore businesses reported cost savings of 30% to 49% after implementing digital twin and AI solutions. Business leaders surveyed remain confident that such savings will rise further, supporting higher adoption of green building practices.
This trend supports Singapore’s Green Building Masterplan, which targets 80% of all buildings (by gross floor area) classified as green by 2030. FutureIoT notes that, as of July 2024, just under 60% of buildings in Singapore have been greened.
According to the study cited by FutureIoT, green building technologies are now producing real cost savings and emission reductions. Respondents achieved up to 20% energy savings over the last year, and about a quarter reported cost reductions of 30% to 49% using digital twin and AI solutions.
Consequently, FutureIoT reports that cost is less of a barrier for green building adoption, with only 36% citing it as a top concern, down significantly from 61% in 2023.
Around 80% of respondents have achieved emissions reductions above 10% through measures such as energy efficiency, renewable integration, innovative materials, and transportation infrastructure, according to FutureIoT. As technology and implementation levels increase, even greater savings are expected in the future.
The study also highlights a holistic shift, with employee welfare becoming a major driver. FutureIoT reports that 8% of leaders now cite employee expectations as a top motivator, up from 3% in 2023. Regulatory expectations have also risen to 10%, up from 2%, likely influenced by Singapore’s Mandatory Energy Improvement (MEI) regime.
The MEI regime, effective from Q3 2025, applies to energy-intensive buildings with over 5,000 square metres gross floor area, requiring owners to conduct energy audits and implement efficiency improvement plans. Non-compliance could result in fines up to S$150,000, FutureIoT states.
Yoon Young Kim, Schneider Electric’s cluster president for Singapore and Brunei, emphasized in the FutureIoT report the scalability of digital green building solutions and their contribution to Singapore’s net-zero ambitions.
Allen Ng, president of the Singapore Green Building Council, told FutureIoT that ongoing momentum in regulation and targeted retrofitting incentives are crucial for meeting the nation’s 2030 goals.
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