July 9, 2012: Report Says Aggressive Efficiency Goals Are Transforming the Building Industry
Despite significant growth and much publicity, the green construction and technology market still accounts for only a small percentage of the commercial building stock worldwide. Today, the spread of sophisticated building automation systems, which take advantage of the convergence of information technology (IT) data and building data, is helping drive significant growth in intelligent and energy-efficient buildings.
Overall, the market for commercial building automation systems will double over the next decade, Pike Research forecasts, increasing from $72.5 billion in 2011 to $146.4 billion by 2021.
“Technology advances and government policy are causing sweeping changes across the building industry worldwide,” said senior analyst Eric Bloom. “China, the highest growth market in the world, will be challenged to build a more efficient infrastructure, even as it adds an amount of new space per year equivalent to the entire building stock in the Netherlands. In China and other countries, building codes and energy management technologies will drive demand for sophisticated automation and control solutions.”
The building automation systems market is led by a group of international, diversified system providers that includes Honeywell, Johnson Controls, Schneider Electric, Siemens, and United Technologies Corp. (UTC). Pike Research’s analysis indicates that in the coming years these companies will be challenged by commercial property management firms, IT and business process outsourcing providers, and major building portfolio owners that will partner to provide complete building and energy management services.
Publication date: 7/9/2012