Growing emphasis on the need to reduce carbon dioxide emission will impel the construction of smart buildings, according to a new report.
Emphasis on the construction of energy efficient buildings is one of the primary factors driving the adoption of smart buildings across the globe, found the report by Transparency Market Research (TMR), titled “Smart Buildings Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2013–2019.” The growth of the global smart buildings market can be attributed to constantly changing demographics and hyper-urbanization, TMR said in a press release.
The need for saving energy due to depletion of non-renewable energy sources has impelled consumers to adopt alternative solutions. As smart buildings involve automation and operating buildings in a more energy efficient manner, it is being considered as a potential solution for combating energy needs in new structures.
The report states that the success of smart buildings is completely dependent on the significant use of software and hardware that not only makes enables efficient operation of the buildings, but also improves the life span through problem tracking technology. The technology deployed in smart buildings also alerts residents of the building regarding any issue that is likely to occur in the building in future. Such features of smart buildings are likely to boost the growth of the global market over the next couple of years.
The rising concerns regarding vandalism in commercial and residential buildings have forced owners to focus on enhancing the security systems. As a result of this, constructors are integrating the existing safety and security systems. Furthermore, the increasing adoption Internet of Things (IoT) platforms in the building automation technology is likely to augment the construction of smart buildings across the globe.
The rising environmental concerns have pushed governments across the world to initiate the construction of green buildings. This trend is likely to bode well for the growth of the global smart buildings market. Vendors in the smart buildings market are likely to gain from the flourishing wave of smart cities and advent of cloud IoT platforms.
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