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
| Aug 11, 2010
Las Vegas announces Green Building Rebate Program
The city of Las Vegas announced it will begin a Green Building Rebate Program to stimulate new green building construction and provide energy efficiency retrofits to existing buildings. The green building program provides rebates for new construction and existing commercial and residential retrofits for buildings who construct buildings or projects to green building program standards.
| Aug 11, 2010
Morphosis builds 'floating' house for Brad Pitt's Make It Right New Orleans foundation
Morphosis Architects, under the direction of renowned architect and UCLA professor Thom Mayne, has completed the first floating house permitted in the U.S. for Brad Pitt’s Make It Right Foundation in New Orleans.The FLOAT House is a new model for flood-safe, affordable, and sustainable housing that is designed to float securely with rising water levels.
| Aug 11, 2010
SPRI expands membership to include green roof and photovoltaic component suppliers
SPRI, the association representing sheet membrane and component suppliers to the commercial roofing industry, recently approved a bylaw revision expanding its membership to include companies that represent emerging technologies, such as photovoltaic and vegetative roof components.
| Aug 11, 2010
Halsey Taylor introduces 14-gauge, vandal-resistant water coolers
Adding to its extensive collection of high-quality, durable drinking fountains and water coolers, Halsey Taylor introduces the new 14 Gauge Vandal-resistant Water Cooler. Available in both single and bi-level models (HVR8HD, HVR8HD-BL), this new water cooler line is ideal for any high-traffic application, especially those prone to tampering or misuse, such as schools, recreation centers and correctional facilities.
| Aug 11, 2010
New air-conditioning design standard allows for increased air speed to cool building interiors
Building occupants, who may soon feel cooler from increased air movement, can thank a committee of building science specialists. The committee in charge of ANSI/ASHRAE Standard 55 - Thermal Environmental Conditions for Human Occupancy—after months of study and discussion--has voted recently to allow increased air speed as an option for cooling building interiors. In lay terms, increased air speed is the equivalent of turning up the fan.
| Aug 11, 2010
PCA partners with MIT on concrete research center
MIT today announced the creation of the Concrete Sustainability Hub, a research center established at MIT in collaboration with the Portland Cement Association (PCA) and Ready Mixed Concrete (RMC) Research & Education Foundation.
