Over the next decade, revenue from wireless sensor sales worldwide for installation and use in commercial structures is expected to increase at a compound annual rate of 16.5%, a projection that reflects the expanding demand for products that provide intelligent building solutions via the Internet of Things.
A new report from the market research firm Navigant, entitled “Wireless Sensors for Commercial Buildings,” estimates that global sensor sales will reach $188.2 million this year, and increase to $745.2 million by 2025.
“Sensors capture, communicate, and may even analyze energy and operational data,” the report states. “The resulting useful information will direct fundamental changes in operations that lead to energy efficiency improvements with substantial cost savings.”
Asia-Pacific and European markets are expected to experience the highest demand growth, whereas demand in North America will increase more modestly.
Despite the fact that last year’s Internet of Things World Forum was held in Dubai, the Middle East in general, along with Africa and Latin America, are not seen by Navigant as markets where there will be a high penetration of wireless sensors in the foreseeable future.
Related Stories
| May 30, 2012
Construction milestone reached for $1B expansion of San Diego International Airport
Components of the $9-million structural concrete construction phase included a 700-foot-long, below-grade baggage-handling tunnel; metal decks covered in poured-in-place concrete; slab-on-grade for the new terminal; and 10 exterior architectural columns––each 56-feet tall and erected at a 14-degree angle.
| May 29, 2012
Reconstruction Awards Entry Information
Download a PDF of the Entry Information at the bottom of this page.
| May 24, 2012
2012 Reconstruction Awards Entry Form
Download a PDF of the Entry Form at the bottom of this page.
| May 24, 2012
Construction backlog declines 5.4% in the first quarter of 2012?
The nation’s nonresidential construction activity will remain soft during the summer months, with flat to declining nonresidential construction spending.
| May 23, 2012
MBI Modular Construction Campus Launched on BDCUniversity.com
White Papers, Case Studies, Industry Annual Reports, published articles and more are offered.
| May 17, 2012
EMerge Alliance forms new Campus Microgrid Technical Standards Committee
Intel leading the charge to connect multiple DC microgrids throughout commercial buildings; others invited to join effort.
| May 16, 2012
AEG releases 3D video of L.A.'s Farmers Field
The Los Angeles Convention Center footage depicts the new convention center hall spaces, including a new lobby above Pico Boulevard, pre-function space, and what will be the largest multi-purpose ballroom in Los Angeles.
| May 16, 2012
Balfour Beatty Construction taps Kiger as VP of operations
Kiger will manage current relationships and pursue other strategic clients, including select healthcare clients and strategic project pursuits in the Central Tennessee region.
| May 14, 2012
Adrian Smith + Gordon Gill Architecture design Seoul’s Dancing Dragons
Supertall two-tower complex located in Seoul’s Yongsan International Business District.
| May 9, 2012
International green building speaker to keynote Australia’s largest building systems trade show
Green building, sustainability consultant, green building book author Jerry Yudelson will be the keynote speaker at the Air-Conditioning, Refrigeration and Building Systems (ARBS) conference in Melbourne, Australia.