Lack of interoperable systems remains a major challenge, but the market will gradually accept the concept of open interoperable communication protocols. Manufacturers will also develop wireless devices and protocols, besides web-based services. These technological developments expect to facilitate the easy adoption of intelligent buildings, thus promoting future markets growth.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the North American Intelligent Buildings Market – A Snapshot, then send an email to Johanna Haynes, Corporate Communications, at johanna.haynes[.]frost.com with the following information: your full name, company name, title, telephone number, email address, city, state, and country. We will send you the information via email upon receipt of the above information.
“Reduced operational and maintenance costs became the main driving force encouraging the growth of the North American intelligent buildings market,” notes Frost & Sullivan Senior Research Analyst Anwesha Bose. “Intelligent buildings require fewer operational staff as all building subsystems become automated and this, in turn, considerably reduces the cost of running the building.”
An intelligent building, through reduced energy consumption, leads to additional cost savings. Consumption costs became minimized by effectively managing the temperature and lighting of unoccupied spaces. Energy costs will considerably reduce by proper zone controls using a schedule based on the time of the day. This, in turn, leads to greater energy savings, also helping reduce carbon dioxide (CO2) and greenhouse gas (GHG) emissions.
Despite all these, lack of public awareness and knowledge remains a critical restraint for the growth of the North American intelligent buildings market. Moreover, most customers have the opinion that integrating subsystems in a building involve huge investments. This detractor, in many cases, makes builders reluctant to secure the heavy initial investment.
“Often, the stakeholders of a building will not become aware of the benefits that an intelligent building offers,” says Bose. “Hence, information about the advantages of having an intelligent building should ultimately reach the decision makers and building automation practitioners to convince them to make the necessary investments.”
Going forward, industry participants should take the responsibility of raising awareness of the benefits offered by intelligent buildings. While manufacturers should ensure that adequate knowledge transfer happens among all the stakeholders, design engineers must also make themselves aware so as to convince decision makers about the benefits of integration. Furthermore, building owners and builders should realize the increased value that the intelligent building provides in terms of both resale and leasing.
North American Intelligent Buildings Market - A Snapshot is part of the Building Management Technologies Growth Partnership Services program. It provides an overview of the North American intelligent buildings market, the benefits of intelligent buildings, the key market forces, current trends in the market and an overview of some leading market participants. Interviews with the press are available.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective, and combines ongoing analysis of markets, technologies, econometrics, and demographics.