Buildings are becoming smarter through the deployment of intelligent and energy efficient technologies that reduce energy consumption while making buildings easier to manage and operate. Demand for efficient HVAC and lighting systems, as well as other types of hardware like controls and submeters, is growing as the value proposition for energy efficiency is proven again and again. In addition, advances in software for building energy management systems (BEMS) as well as for building design (through building information modeling, or BIM) are making it easier to design and maintain high performance buildings.
These trends are apparent worldwide. In North America, revenues for a wide range of smart building technologies and services including building automation systems (BAS), energy service companies (ESCOs), and demand response (DR) are steadily growing. In Europe, growing adoption of the ISO 50001 energy management standard is driving investment in building energy management systems (BEMS) and submeter technologies that help facility owners comply with the standard. In the Asia Pacific region, where the building stock is expected to grow at an average of over 2 billion square meters per year for the foreseeable future, the potential for smart building technology deployments is all but untapped.
This Pike Research white paper provides insights and analysis on the key issues that will shape the smart buildings market in 2012 and beyond as the private and public sectors aim to increase energy efficiency, reduce exposure to volatile energy costs, and increase visibility into how their buildings operate in real time. Conclusions and predictions in this paper are drawn from a broad array of Pike Research reports, with market forecasts included for key sectors.
Key Questions Addressed:
- What are some of the most important trends driving the market for smart building technologies?
- Which tools for energy management in buildings are gaining the most traction in the market?
- Is the opportunity for smart building technology in Asia Pacific truly as large as many expect?
- How are smart buildings interfacing with the smart grid, and how quickly is that process happening?
- How are industry leaders positioning themselves for growth in this industry (mergers and acquisitions, partnerships, etc.)?
Who needs this report?
- Energy providers
- Building systems vendors and service providers
- Energy service companies
- Architecture, engineering, and construction firms
- Commercial building owners and managers
- Government agencies
- Non-profit organizations
- Investor community
Table of Contents
1. Executive Summary
1.1 A Snapshot of the Smart Building Industry Today
1.2 Ten Trends in Smart Buildings
2. Ten Trends in Smart Buildings
2.1 Building Energy Management Hits the Cloud
2.2 Co-opetition is on the Rise in the Building Industry
2.3 Targeted Acquisitions Help Key Players Deliver End-to-end Monetized Energy Services
2.4 Demand for Smart Building Products in Asia Pacific Will Soar, Driven Largely by China
2.5 U.S. Energy Service Companies Turn to the Federal Sector
2.6 Building Communication Protocols are Converging in More Ways than One
2.7 Demand Response Is Shifting in to Automatic
2.8 Submeters Find New Opportunities in Smarter Buildings
2.9 Building Information Modeling Is Transforming the Design Process
2.10 The Interface between Smart Buildings and the Smart Grid Is Blurring
3. Acronym and Abbreviation List
4. Table of Contents
5. Table of Charts and Figures
6. Sources and Methodology, Notes
List of Charts and Figures
- Building Energy Management Systems Market Revenue, World Markets: 2011-2020
- Building Stock by Region, World Markets: 2011-2021
- ESCO Revenues by End-Use Market, United States: 2010-2020
- Commercial Building Automation Revenue by Segment, World Markets: 2011-2021
- Demand Response Services External Spending by Region, World Markets: 2010-2016
- Submetering Technology and Services Market by Category, North America: 2012-2020
- Diagram of BIM Project Team Interaction
- Building Information Modeling Revenue, World Markets: 2012-2020
List of Tables
- Major Smart Building Acquisitions: 2011-2012
- Submetering Criteria in LEED Certification Programs