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While the green construction and technology market reflect a small fraction of commercial buildings globally, the growth of building automation systems (BAS), the linking of IT data and building data, is providing a considerable push in the intelligent and energy-efficient buildings industry, says Pike Research in a new report.
Pike forecasts that the market for commercial building automation systems will double over the next decade, growing from $72.5 billion in 2011 to $146.4 billion by 2021. Ambitious energy efficiency goals in commercial buildings, notably in Asia-Pacific countries, will drive "revolutionary change" in BAS technology and change the building industry in that same time frame.
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“Technology advances and government policy are causing sweeping changes across the building industry worldwide,” says senior analyst Eric Bloom. “China, the highest growth market in the world, will be challenged to build a more efficient infrastructure, even as it adds an amount of new space per year equivalent to the entire building stock in the Netherlands. In China and other countries, building codes and energy management technologies will drive demand for sophisticated automation and control solutions.”
Pike's report, Commercial Building Automation Systems, says building automation systems market leaders JCI, Honeywell, Siemens, Schneider Electric, United Technologies Corporation (UTC) and Tyco will be challenged by commercial property management firms, IT and business process outsourcing providers – and major building portfolio owners who will collaborate to provide complete building and energy management services.
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