Frost & Sullivan Finds Technological Advancements and Compliance with EU Directives Drive Double-Digit Growth in European HEMS and BEMS Market
Driven by technological advancements, cost reductions, and stringent EU regulations for improving energy efficiency in buildings, the home energy management systems (HEMS) and building energy management systems (BEMS) markets are collectively expected to cross $2 billion in revenue by 2018. Growing demand for an integrated solution for communication between sub systems or machine-to-machine interaction has […]
BCC Research Forecasts Global Market For Wireless Sensors To Reach US$4.3 Billion In 2019
Home automation category is the largest segment of the overall market BCC Research reveals in its new report, WIRELESS SENSORS: TECHNOLOGIES AND GLOBAL MARKETS, the global wireless sensor devices market is expected to grow to $4.3 billion by 2019, with a five-year compound annual growth rate (CAGR) of 23.7%. The industrial installations category, the fastest-growing […]
UK VAT Rules Change Paves Way for Zero-Rated KNX Installations in New Builds
The HMRC in the UK recently published Notice 708: Buildings and Construction – August 2014. For the first time intelligent lighting (not including remote control hand sets) has been recognised as ‘ordinarily incorporated in a building’. What does this mean in reality? According to Andy Ellis, MD of Household Automation Ltd and long-time campaigner for […]
IHS Expects Smart Cities to Rise Fourfold in Number from 2013 to 2025
The number of smart cities worldwide will quadruple within a 12-year period that started last year, proliferating as local governments work with the private sector to cope with a multitude of challenges confronting urban centers, according to a new report from IHS Technology (NYSE: IHS). There will be at least 88 smart cities all over […]
Navigant Research Expects Spending on Energy Efficient Buildings in Europe to Total Nearly US$800 Billion From 2014 Through 2023
Enforcement and activity vary widely from country to country, report finds Buildings account for 40 percent of Europe’s final energy consumption, and thus represent a key focus in efforts to improve overall energy efficiency. Two key pieces of European Union (EU) legislation, the Energy Performance of Buildings Directive (EPBD) and the Energy Efficiency Directive (EED), […]
Frost & Sullivan Expects Energy Efficiency Initiatives and Advanced Features to Transform the Building Automation Market
Building owners across the globe are increasingly adopting building automation (BA) systems to tackle rising energy costs. As buildings account for nearly one-third of the global energy use, and are the leading contributors to greenhouse gas emissions, the need for BA systems will only grow. Opportunities for manufacturers will be particularly promising in the stabilising […]
Transparency Market Research Expects Global Home Automation Market to Grow by 24.5% CAGR from 2013 to 2019
Home automation allows a homeowner to control and manage different parts of a home with a remote control or with a cell phone. A home automation system provides convenience and security both.It is up to a homeowner how he/she wants to set up a home automation system. Some of the equipment in this system includes […]
Navigant Research Forecasts Wireless Control Systems for Smart Buildings Will Reach 57.4 Million in Annual Node Shipments by 2023
Intelligent lighting systems are a key driver for the market, report concludes As building automation and information technology converge, wireless technology is providing a range of potential benefits for commercial building owners and managers. While building automation and controls have been used for decades, wireless communication systems are becoming the catalyst for enabling more granular […]
NanoMarkets Forecasts Smart Lighting Market to Grow to US$10.9 Billion by 2019
NanoMarkets Projects Smart Lighting Market to Grow to US$10.9 Billion by 2019 Glen Allen, Virginia: Industry analyst firm NanoMarkets has announced the release of a new report titled, “Smart Lighting Markets 2014 Volume I: Market Drivers and Forecasts.” In the report the firm projects that smart lighting markets worldwide are expected to grow from around […]
Frost & Sullivan Finds Connected World of the Future Enhances Value Proposition of Smart Building Systems
Communicating the benefits of smart building systems vital for wide-spread adoption The transition to smart buildings is progressively gaining momentum as a burgeoning global population strains aging infrastructures. Market growth will also be fuelled by greater demand for, and improved affordability of, building level sensors. The evolution towards a connected world will further spur the […]