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
Report: Building codes and regulations impede progress toward uber-green buildings
The enthusiasm for super green Living Buildings continues unabated, but a key stumbling block to the growth of this highest level of green building performance is an existing set of codes and regulations. A new report by the Cascadia Region Green Building Council entitled "Code, Regulatory and Systemic Barriers Affecting Living Building Projects" presents a case for fundamental reassessment of building codes.
| Aug 11, 2010
Portland Cement Association offers blast resistant design guide for reinforced concrete structures
Developed for designers and engineers, "Blast Resistant Design Guide for Reinforced Concrete Structures" provides a practical treatment of the design of cast-in-place reinforced concrete structures to resist the effects of blast loads. It explains the principles of blast-resistant design, and how to determine the kind and degree of resistance a structure needs as well as how to specify the required materials and details.
| Aug 11, 2010
Rice concrete can cut greenhouse emissions
Rajan Vempati of ChK Group, Inc. in Plano, Texas, and a team of researchers found a way to make nearly carbon-free rice husk ash for concrete, which can lead to a boom in green construction.
| Aug 11, 2010
NYLO Hotel in Dallas will run on renewable energy
When NYLO Dallas/Las Colinas opens in late July 2009, it will run on 100 percent renewable energy. The loft-style boutique hotel brand has signed an agreement with TXU Energy to become the supplier’s first hotel customer in the Dallas/Fort Worth area to purchase 100 percent Renewable Energy Certificate-based electricity.
| Aug 11, 2010
Sika Sarnafil launches sustainable roofing resource website SustainabilityThatPays.com
Sika Sarnafil, the worldwide market leader in thermoplastic roofing and waterproofing membranes, today launched a new web site dedicated to supporting sustainability principals and environmentally responsible building. The streamlined site, SustainabilityThatPays.com &http://www.SustainabilityThatPays.com> provides the building owner with critical information on selecting roofing and waterproofing systems...
