Description

Smart buildings are an integral part of the future of building technologies. Over the course of this decade, several factors are expected to promote the development of smart buildings. The market will be fuelled by the need for energy efficiency and decreasing operational costs. Revenues are highest in North America and Europe. However, certain technologies like energy-efficient lighting witness a greater demand in Asia Pacific. The developed countries will be influenced by the emergence of smart cities and infrastructure, new and innovative technology and the need for energy alternatives. Asia Pacific will be led by trends such as urbanisation, growth of economies beyond BRIC and increasing investment in infrastructure.