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
| Apr 25, 2012
Bubble skyscraper design aims to purify drinking water
The Freshwater Skyscraper will address the issue of increasing water scarcity through a process known as transpiration
| Apr 24, 2012
McLennan named Ashoka Fellow
McLennan was recognized for his work on the Living Building Challenge.
| Apr 24, 2012
AECOM design and engineering team realizes NASA vision for Sustainability Base
LEED Platinum facility opens at NASA Ames Research Center at California’s Moffett Field.
| Apr 20, 2012
Century-old courthouse renovated for Delaware law firm offices
To account for future expansion, Francis Cauffman developed a plan to accommodate the addition of an 8-story tower to the building.
| Apr 20, 2012
Registration open for Solar Power International 2012 in Orlando
President Bill Clinton to deliver keynote address at ?largest solar energy event in the Americas.
| Apr 19, 2012
HBD Construction names Steven Meeks vice president
Meeks will provide expertise for the company in its many diverse areas of construction projects including health care, senior living, education and retail.
| Apr 18, 2012
Positive conditions persist for Architecture Billings Index
The AIA reported the March ABI score was 50.4, following a mark of 51.0 in February; greatest demand is for commercial building projects.
| Apr 17, 2012
Princeton Review releases “Guide to 322 Green Colleges”
The guide profiles 322 institutions of higher education in the U.S. and Canada that demonstrate notable commitments to sustainability in their academic offerings, campus infrastructure, activities and career preparation.
| Apr 17, 2012
FMI report examines federal construction trends
Given the rapid transformations occurring in the federal construction sector, FMI examines the key forces accelerating these changes, as well as their effect on the industry.
| Apr 16, 2012
University of Michigan study seeks to create efficient building design
The result, the researchers say, could be technologies capable of cutting the carbon footprint created by the huge power demands buildings place on the nation’s electrical grid.
