Moving Ahead with Smart Buildings

Published on Thursday, 9 January 2014

The use of smart applications for buildings will increase rapidly over the next few years, according to the prevailing opinion among important international analysts. These include IHS, who believe that turnover in the sector will increase at an average annual rate of 20.3 percent, growing from $12.6billion in 2012 to $31.6billion in 2017.

The forecasts contained in the IHS report mostly take into account products that take advantage of smart applications in order to combine different functions. These integrated systems adopt cutting-edge software to simultaneously and efficiently manage different services and mechanisms, such as energy use, automation, alarm and security systems, lighting, heating and air conditioning.

According to IHS, the development of this market will principally regard large buildings and new constructions, where economies of scale will guarantee a faster return of investments.

The charge will be led by Asian markets, which are expected to quadruple turnover from $4billion in 2012 to $15.7billion in 2017. The other key area for growth will be North America, which will grow from $4.7billion in 2012 to $8.9billion in 2017.

A number of European companies have also achieved important smart energy goals and are ready to play a significant role in the global market, including the Enel Group, a global leader in making consumption more flexible for consumers and therefore in a good position to take the lead in a more efficient and sustainable form of energy generation.

Enel is in fact leading the way in smart energy solutions that bring buildings in line with the development of smart grids and smart cities, the focus for countries looking to both increase sustainability across the whole energy sector and to make cities more liveable and efficient.