Networked building controls can provide building owners and operators with significant cost savings through more efficient use of energy, according to a report by Navigant Research.
According to ACHR News the report claims that worldwide revenue from networking and communications equipment for building automation systems will grow from $21.3 billion in 2014 to $34.7 billion by 2021.
Eric Woods, research director with Navigant Research, said: “Commercial buildings consume nearly one-quarter of all electricity globally, making the automation systems that improve, measure, and verify building efficiency a critical part of energy management.
“The increased availability of simple-to-use, web-based dashboards for building management, along with the introduction of Internet Protocol (IP)-enabled devices, is helping to smooth the way for building managers to move toward more networked control systems.”
China, which is the largest and fastest growing market in the world, is a key growth market for building controls, according to the report.
The country is focused on maintaining its current building stock while constructing the equivalent of two Chicago-sized cities per year through 2025.
The rest of the world is more focused on optimizing its existing stock of buildings in terms of energy efficiency, as well as integrating advanced IT-level control functions for easier and more efficient data analysis and system management.
You might also like...
Tesco commits to 2020 total renewable energy shift for entire London estate
Retailer has joined ten other companies to commit to introducing stricter lower carbon approach to its operations in the capital
London signs up to 2050 net-zero carbon buildings pledge
Commitments to rethink planning and construction of new and old buildings forms part of wider push by a range of major cities to realise the key commitments of the Paris Agreement
IOR enters into collaboration talks with Pakistani peers
Discussions are now underway to expand sharing of knowledge and technical expertise to incorporate new approaches to energy efficiency and refrigerant
2018 RAC Cooling Industry Awards winners unveiled
This year’s judging panel selected a range of innovate projects ranging in size and scope that sought to tackle environmental and skills challenges across cooling
Have your say
You must sign in to make a comment
Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.
Links may be included in your comments but HTML is not permitted.