The bulk of the revenue will stem from North America and Western Europe
September 19, 2016
Though the smart buildings market continues to suffer from a fragmented ecosystem as proprietary building automation solutions dominate, ABI Research forecasts smart buildings global facility services revenue will grow from $625 million in 2015 to more than $8 billion in 2021.
Market is being driven by increasing awareness in industrial sector for more efficient utilization of energy
September 15, 2016
The global energy management system (EMS) market was valued at $31.29 billion in 2015 and is forecast to reach $63.16 billion by 2021, increasing at a compound annual growth rate (CAGR) of 12.4 percent between 2016 and 2021, according to a report from Zion Research.
Drivers include emphasis on energy efficiency, government initiatives, rising adoption of IoT
September 12, 2016
The global smart building market is forecast to grow from $5.73 billion in 2016 to $24.73 billion by 2021, increasing at a compound annual growth rate (CAGR) of 34 percent from 2016 to 2021, according to a report published by MarketsandMarkets.
The association will advise on the buildings and smart city market
September 9, 2016
LonMark® International, an association for the certification, education, and promotion of interoperability standards for control networking, announced it has joined as a partner in the U.S. Department of Energy’s (DOE’s) Grid Modernization Initiative Foundational Project 3: Interoperability.
Convergint Technologies, a service-based systems integrator, has announced the acquisition of TACanada. Convergint said TACanada provides intelligent buildings through the use of open systems that seamlessly integrate mechanical, electrical, lighting, security, card access, and camera systems.
The transition to the energy cloud will redefine the relationship between buildings and energy
August 31, 2016
Changing customer demands, regulations and sustainability goals, and power regulation and resiliency concerns are leading building owners to realize that the guidelines they have traditionally used to assess their portfolios are changing, notes Navigant Research.
Among the system’s key enhancements from previous versions are graphics available across multiple mobile devices, alarm management that enables alarm prioritization for improved productivity, and improved scheduling and custom trending that save time and ease troubleshooting.
This patented, quick-start HVAC optimization solution gives commercial building operators affordable access to technology in OptimumLOOP™, an advanced chiller-plant optimization solution for large commercial facilities.
While there are still misperceptions that deter some in the small-building market from investing in building management systems (BMS), many expect small-building owners and operators to continue to invest in BMS.