Building automation is gaining traction in both European and American markets, according to a new report by IMS Research, a leading independent market researcher. The report found that the building automation industry will total more than $1.7 billion in the Americas and over $1.6 billion in EMEA, in large part due to the growing push for greater energy efficiency in those regions – in spite of construction growth projections remaining flat through 2012.
“Whilst the construction market has faltered through the tough economic climate, IMS Research forecasts the building automation market to outpace construction market forecasts as businesses and governments alike look to improve the efficiency of their buildings,” says William Rhodes, Market Analyst at IMS Research.
Building automation systems allow heating, ventilation, air-conditioning and other systems communicate intelligently with one another, ensuring maximum efficiency and saving up to 40 percent of annual energy expenditures.
“There are many times when employees will sit in an office with the radiators powering out heat, the air-conditioning cooling the room, whilst the windows are wide open. Building automation systems can ensure this situation does not exist, saving businesses money and improving their green credentials,” Rhodes added.
Though many newer buildings have building automation incorporated into the design, many older buildings are in need of retrofitting to take advantage of these substantial energy savings. The Federal Government of the United States, for example, has committed to installing building automation systems in its nearly 500,000 offices and buildings across the country. This market represents one of the few growth sectors for the industry in the years to come.