The global building automation and controls market was valued at $29.8 billion in 2013 and is expected to reach $55.5 billion by 2020, growing at a compound annual growth rate (CAGR) of 9.04 percent from 2014 to 2020, according to a new market research report published by MarketsandMarkets.
The election of new leadership and approval of a restructuring plan with an emphasis on training were highlights of the InsideIQ Building Automation Alliance fall meeting.
BACnet International and the BACnet Interest Group Europe (BIG-EU) have announced the schedule for the BACnet Global Roadshow 2015. Celebrating BACnet’s 20 years as an ANSI standard and 10 years as an ISO standard, the roadshow highlights the migration from proprietary systems to open standards in building automation.
The election of new leadership and approval of a restructuring plan with an emphasis on training were highlights of the InsideIQ Building Automation Alliance Fall Meeting. The alliance is an international organization comprised of independent building automation contractors.
Administrators are now looking to their BAS to identify opportunities to reduce energy consumption as well as increase patient safety and satisfaction.
Trane, a brand of Ingersoll Rand, has introduced its BAS R’newal™ building controls upgrade program, which helps update existing control systems and gain access to new technologies to improve overall building performance and operating efficiency.
Building owners across the globe are increasingly adopting building automation systems to tackle rising energy costs, according to a report from Frost & Sullivan. Opportunities for manufacturers will be particularly promising in the stabilizing economies of Brazil, China, Germany, India, Russia, and the United States due to high infrastructure spending.
As building automation and information technology converge, wireless technology is offering a range of benefits for commercial buildings, notes Navigant Research. According to a new report from the firm, shipments of wireless control nodes for commercial buildings will grow from 12.9 million in 2014 to 57.4 million by 2023.