IDC Energy Insights Forecasts 27% Worldwide Growth in the Commercial Smart Building Systems Market

©IDG Communications, Inc. Photo contributed by Matthew Mikaelian.

IDC Press Release, 4/26/11

IDC Energy Insights today announced the availability of two new research documents focused on commercial Smart Building systems, a market that is emerging as a “killer app” for the smart grid.

The first report, Smart Buildings Global Market Forecast 2010-2015 (Document #EI227827), forecasts a global compound annual growth rate (CAGR) in spending of 26.6% from 2010-2015, with forecasted sales reaching $10.2 billion in 2015. Most of the market’s forecasted spending growth will occur in Western Europe (28.8% CAGR) and North America (28.4% CAGR), with demand projected to continue for at least the next five years. The forecast includes systems and services for the control and optimization of building operations and maintenance.

Worldwide, Smart Building (SB) systems market growth will be driven by building owners and managers seeking ways to reduce operating costs and increase the uniqueness of their building assets, thereby embracing the complementary objectives of energy efficiency and sustainability. SB systems are a set of intelligent technologies that enable building managers to measure, monitor, control and optimize the operations and maintenance of a building.

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