Self Storage News

Recent industry report about Self Storage company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Self Storage Market industry experts.

Self Storage Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Self Storage News

  • In March 2024, Singapore's StorHub, a leading self-storage operator, entered the Australian market with the launch of StorHub Australia, supported by a USD 300 million equity commitment. StorHub's Australian platform begins with five properties in Sydney, Melbourne, and Canberra, featuring a combined gross floor area (GFA) of 56,210 square meters. These acquisitions enhance StorHub's presence in Australia and align with its pan-Asia growth strategy, adding 655,000 sq m to its portfolio across seven markets in the Asia-Pacific region.
  • In February 2024, SecureSpace Self Storage announced opening a new self-storage facility, SecureSpace San Bernardino, located in San Bernardino, California. The self-storage facility has a proprietary high-security platform with artificial intelligence-enabled cameras and sensors offering state-of-the-art security and monitoring.
  • In January 2024, Etude Capital, a company of self-storage facilities in the United States, and San Felipe Financing LLC, a private real estate entity, announced the launch of a Joint Venture, Etude Storage Partners, which would invest across the North American self-storage market.
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  • May 2024: Roche announced an extension of its partnership with Hitachi High-Tech, solidifying their commitment to collaborate for a minimum of 10 more years. This renewed collaboration leverages the combined strengths of both companies in diagnostics innovation, engineering, and manufacturing. Over the years, their partnership has yielded groundbreaking innovations, from introducing the industry's first multi-channel analyzer to automating immunology processes. These advancements revolutionized clinical labs and played a pivotal role in helping healthcare systems overcome delivery challenges, ensuring patients receive timely and effective care.
  • February 2024: Standard BioTools Inc., in line with its mission to 'Unleash tools to accelerate breakthroughs in human health,' partnered with Next Gen Diagnostics. The collaboration focuses on transforming the automation of sample preparation for pathogen whole genome sequencing. Standard BioTools planned to produce the NGD-100 as part of this exclusive agreement. This system is a tailored iteration of its microfluidics-based Biomark X9 System, designed explicitly for Next Gen Diagnostics and finely tuned for automated pathogen WGS library preparation.
  • April 2024 - OGE and Equinor ASA signed a Memorandum of Understanding with the ambition to jointly drive carbon management solutions for the industry, OGE with its planned CO2 transport network, and Equinor as a provider of CCS solutions. To transform the energy system and contribute to net zero, the companies require pipeline-based carbon management solutions as quickly as possible in addition to the H2 core network for supplying the industry with hydrogen.
  • February 2024 - Yokogawa Electric Corporation announced the development of OpreX Carbon Footprint Tracer, a solution in the OpreX Transformation lineup that targets the carbon footprint management needs of companies in the process manufacturing industries. OpreX Carbon Footprint Tracer is a cloud service that calculates CO2 emissions based on measurement data and other types of primary information collected from instrumentation systems, power monitors, and other systems, and a consultation service that aids in the formulation of strategies for calculating and reducing CO2 emissions.
  • In March 2024, Singapore's StorHub, a leading self-storage operator, entered the Australian market with the launch of StorHub Australia, supported by a USD 300 million equity commitment. StorHub's Australian platform begins with five properties in Sydney, Melbourne, and Canberra, featuring a combined gross floor area (GFA) of 56,210 square meters. These acquisitions enhance StorHub's presence in Australia and align with its pan-Asia growth strategy, adding 655,000 sq m to its portfolio across seven markets in the Asia-Pacific region.
  • In February 2024, SecureSpace Self Storage announced opening a new self-storage facility, SecureSpace San Bernardino, located in San Bernardino, California. The self-storage facility has a proprietary high-security platform with artificial intelligence-enabled cameras and sensors offering state-of-the-art security and monitoring.
  • In January 2024, Etude Capital, a company of self-storage facilities in the United States, and San Felipe Financing LLC, a private real estate entity, announced the launch of a Joint Venture, Etude Storage Partners, which would invest across the North American self-storage market.
  • April 2024: SmartCheck, a provider of SaaS facility management services, secured undisclosed debt funding from Incred Capital in a funding round facilitated by Lakhani Financial Services. This funding round marks SmartCheck’s positioning to accelerate growth and innovation in the rapidly evolving facility management industry.
  • February 2024: CBRE Group Inc. announced an agreement to acquire J&J Worldwide Services, a provider of engineering services, base support operations, and facilities maintenance for the US Federal government, from private equity firm Arlington Capital Partners.
  • December 2023: The India arm of British multinational group Compass Group PLC, which manages large office complexes and food services for corporates, planned to expand its facility management business from 2 million sq. ft to 10 million sq. ft as employees returned to offices and corporates continued to lease larger office spaces.
  • Apr 2023: Sodexo Facilities Management Services India Private Limited Sodexo signed an MOU with the Ministry of Skill Development of India and launched the Tourism & Hospitality Skill Council (THSC) and Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) under the aegis of NSDC and India Skill Development Initiative to offer first-time employment opportunities to the frontline workforce working in the food & catering and facilities management spaces.
  • May 2022: Tech24 announced its acquisition of Facilities Management LLC and Peltz Services Inc., based in Indiana, to enhance the FM services in maintenance for food service and commercial HVAC equipment.
  • June 2022: Watersight, a joint venture between MEKOROT and Newsight Imaging, announced the formal introduction of AquaRing, a comprehensive real-time monitoring equipment for online water condition management for the water, utility, and food with beverage sectors.
  • April 2022: OMRON has introduced the innovative K7TM condition monitor for heating equipment, primarily utilized in the automobile and FMCG industries. The K7TM visualizes degradation trends to facilitate predictive maintenance and help to realize a carbon-free world.
  • March 2022: Gastops, a Canadian provider of condition monitoring solutions, introduced Gastops Connect, an online subscription platform that provides crucial equipment condition monitoring and analytics abilities to clients that use its condition monitoring sensor technologies and solutions. Gastops is a supplier of intelligent condition monitoring systems used to enhance the performance, availability, and security of key assets in the Aerospace, Energy, Defense, and Industrial sectors.
  • December 2023 - TGOOD Australia, a key player in Australia's power transmission and distribution market, unveiled its latest manufacturing facility. Specializing in critical substation equipment for power utilities, renewable energy, mining, and infrastructure, TGOOD recently supplied all prefabricated substation equipment for the Chinchilla BESS project, commissioned by CS Energy. The company's product lineup features a hybrid gas-insulated switchgear, a high-voltage gas-insulated switchgear, and a primary and secondary medium-voltage switchgear. This expansion signals TGOOD's commitment to growing its presence in Australia.
  • In April 2024, the Australian government introduced the 'Future Made in Australia Act,' mirroring the US Inflation Reduction Act (IRA). This initiative aims to leverage the global shift toward renewable energy and harness Australia's abundant clean energy resources. By fostering local industries in renewable hydrogen, solar power, battery energy storage, green metals, and other emerging technologies, the Act is poised to catalyze a new era of advanced manufacturing in Australia.
  • October 2024: Agilent Technologies Inc. unveiled its next-generation Agilent InfinityLab LC Series portfolio. This lineup features the 1290 Infinity III LC, 1260 Infinity III Prime LC, and 1260 Infinity III LC systems, all available in biocompatible versions. These are the market's inaugural HPLC systems equipped with the advanced Agilent InfinityLab Assist Technology. This advancement provides enhanced system assistance capabilities, enabling labs to prioritize results over routine operations and maintenance.
  • June 2024: Bruker Corporation inaugurated its advanced production facility in Bremen, a critical scientific hub in Germany. This move underscores the company's dedication to innovation, sustainability, and collaboration in mass spectrometry (MS). The Bremen facility will produce the company's entire range of MS products, such as the times-TOF series, the MALDI series, and the magnetic resonance MS (MRMS) instruments.
  • September 2024: NDT Global officially unveiled a 56" ultrasonic inline inspection tool crafted in collaboration with integrated oil and gas giant Aramco. The company expressed enthusiasm for partnering with industry leaders like Aramco, aiming to integrate its cutting-edge ultrasonic inspection technology into their pipeline systems. Furthermore, both companies are collaboratively addressing operator challenges, pioneering methods to detect, size, and characterize anomalies such as cracks and metal loss.
  • May 2024: Waygate Technologies, a Baker Hughes business and a leading name in non-destructive testing (NDT) solutions for industrial inspection, unveiled its latest ultrasonic precision thickness gauge, the Krautkrämer CL Go+. This adaptable inspection tool is touted as especially beneficial for components in the automotive and aerospace sectors. It adeptly measures cast and stamped metal parts crafted from aluminum, steel, copper, and bronze. Beyond metals, its capabilities extend to machined workpieces, tubes, chemically milled components, metal plates, plastics, composites, and even glass. Furthermore, the device offers an upgrade option, transforming it into a multifunctional platform that serves as a corrosion thickness gauge and a flaw detector. Ultrasonic testing boasts a broad applicability across materials such as plastics, composites, metals, and ceramics. This wide-ranging adaptability positions it as a vital tool across aerospace, automotive, oil and gas, power generation, and manufacturing.
  • June 2024: At the Aircraft Interiors Expo 2024 (AIX2024), FlightPath3D, a provider of inflight entertainment solutions, launched an upgraded version of its acclaimed Kids Map.
  • March 2024: Mindgruve, a prominent digital marketing agency, and Kick It California, the longest-standing statewide phone-based tobacco cessation initiative in the United States, collaborated to introduce a gamified app. This app is designed to assist Californians in their efforts to quit smoking and vaping. Going beyond conventional cessation methods, it offers users a personalized journey, providing a comprehensive tool to address their tobacco and nicotine dependencies effectively.
  • March 2024: Chime, a prominent digital bank, partnered with Zogo, a financial education platform, to introduce gamified financial education on its mobile app. In April 2024, Chime rebranded Financial Literacy Month as Financial Progress Month, underscoring its commitment to enhancing financial education for its members. This collaboration marks a notable stride in equipping the next generation with crucial financial literacy tools.