1105 Exec Digest.IR 3

IDC Energy Insights

An IDC Energy Insights report, “Smart Buildings Global Market Forecast 2010-2015,” forecasts a global compound annual growth rate (CAGR) in spending of 26.6 percent from 2010-2015, with forecasted sales reaching $10.2 billion in 2015.

Most of the market’s forecasted spending growth will occur in Western Europe (28.8 percent CAGR) and North America (28.4 percent CAGR), with demand projected to continue for at least the next five years. The forecast includes systems and services for the control and optimization of building operations and maintenance.

Worldwide, smart building (SB) systems’ market growth will be driven by building owners and managers seeking ways to reduce operating costs and increase the uniqueness of their building assets, thereby embracing the complementary objectives of energy efficiency and sustainability. SB systems are a set of intelligent technologies that enable building managers to measure, monitor, control and optimize the operations and maintenance of a building.
 
“The primary motivating factor behind the emergence of smart building systems is cost reduction through energy savings,” said Casey Talon, a research analyst with IDC Energy Insights and one of the report’s authors. “Energy consumption in the building sector is usually one of the leading line items in operational budgets and thus a tempting target for smart building controls. Heating, ventilation and air conditioning plus lighting comprise more than 70 percent of a building’s energy consumption.
 
“A second leading motivating factor behind sales of SB systems is the attempt to reach corporate sustainability goals, including greenhouse gas emission reduction programs and carbon reduction goals. In our survey of building management decision-makers, 84 percent of respondents incorporate energy efficiency or conservation measures as a component of their operations.”
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1105 Exec Digest.IR 3

IDC Energy Insights

An IDC Energy Insights report, “Smart Buildings Global Market Forecast 2010-2015,” forecasts a global compound annual growth rate (CAGR) in spending of 26.6 percent from 2010-2015, with forecasted sales reaching $10.2 billion in 2015.

Most of the market’s forecasted spending growth will occur in Western Europe (28.8 percent CAGR) and North America (28.4 percent CAGR), with demand projected to continue for at least the next five years. The forecast includes systems and services for the control and optimization of building operations and maintenance.

Worldwide, smart building (SB) systems’ market growth will be driven by building owners and managers seeking ways to reduce operating costs and increase the uniqueness of their building assets, thereby embracing the complementary objectives of energy efficiency and sustainability. SB systems are a set of intelligent technologies that enable building managers to measure, monitor, control and optimize the operations and maintenance of a building.
 
“The primary motivating factor behind the emergence of smart building systems is cost reduction through energy savings,” said Casey Talon, a research analyst with IDC Energy Insights and one of the report’s authors. “Energy consumption in the building sector is usually one of the leading line items in operational budgets and thus a tempting target for smart building controls. Heating, ventilation and air conditioning plus lighting comprise more than 70 percent of a building’s energy consumption.
 
“A second leading motivating factor behind sales of SB systems is the attempt to reach corporate sustainability goals, including greenhouse gas emission reduction programs and carbon reduction goals. In our survey of building management decision-makers, 84 percent of respondents incorporate energy efficiency or conservation measures as a component of their operations.”