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Global Revenues for Commercial Building Automation Systems Will Reach $146 Billion by 2021
February 7, 2012 (Pike Research)
"…[C]ommercial buildings consume roughly 23% of all electricity globally…[T]he automation systems that ensure efficient performance are a critical part of energy management. Until the mid-1990s, modern building automation consisted of little more than individual systems with simple control panels for switches, timers, and alarms. Today, the market for commercial building automation systems is in the midst of revolutionary change in terms of technology and utility…
"…In the last several years, the focus has shifted from an individual system view…[Building system] can be defined to include virtually any device or data source within the building. The amount of data created by automation systems can be overwhelming, but real competitive and economic value exists in using the data to monitor performance and uncover trends…"
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"…According to a new report from Pike Research, the market for commercial building automation systems will double over the next decade, increasing from $72.5 billion in 2011 to $146.4 billion by 2021…This surge is being driven by two important trends that are transforming the building industry. The first is aggressive energy efficiency goals within the building stock, which is undergoing tremendous growth, particularly in developing Asia Pacific nations…
"Second is the fact that building automation controls and field devices, which communicate via a range of protocols such as BACnet and LonWorks, are starting to be fitted with Internet Protocol capability so as to utilize the same protocols and infrastructure equipment as the IT network. As a result, the silos that IT, property management, software, and traditional BASs occupied within companies are disappearing…"