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
8 Things You Should Know About Designing a Roof
Roofing industry expert Joseph Schwetz maintains that there is an important difference between what building codes require and what the construction insurance industry—notably mutual insurance firm Factory Mutual—demands—and that this difference can lead to problems in designing a roof.
| Aug 11, 2010
America's Greenest Hospital
Hospitals are energy gluttons. With 24/7/365 operating schedules and stringent requirements for air quality in ORs and other clinical areas, an acute-care hospital will gobble up about twice the energy per square foot of, say, a commercial office building. It is an achievement worth noting, therefore, when a major hospital achieves LEED Platinum status, especially when that hospital attains 14 ...
| Aug 11, 2010
Concrete Solutions
About five or six years ago, officials at the University of California at Berkeley came to the conclusion that they needed to build a proper home for the university's collection of 900,000 rare Chinese, Japanese, and Korean books and materials. East Asian studies is an important curriculum at Berkeley, with more than 70 scholars teaching some 200 courses devoted to the topic, and Berkeley's pro...
| Aug 11, 2010
Piano's 'Flying Carpet'
Italian architect Renzo Piano refers to his $294 million, 264,000-sf Modern Wing of the Art Institute of Chicago as a “temple of light.” That's all well and good, but how did Piano and the engineers from London-based Arup create an almost entirely naturally lit interior while still protecting the priceless works of art in the Institute's third-floor galleries from dangerous ultravio...
| Aug 11, 2010
Bronze Award: John G. Shedd Aquarium, Chicago, Ill.
To complete the $55 million renovation of the historic John G. Shedd Aquarium in the allotted 17-month schedule, the Building Team had to move fast to renovate and update exhibit and back-of-house maintenance spaces, expand the visitor group holding area, upgrade the mechanical systems, and construct a single-story steel structure on top of the existing oceanarium to accommodate staff office sp...
| Aug 11, 2010
AIA Course: Building with concrete – Design and construction techniques
Concrete maintains a special reputation for strength, durability, flexibility, and sustainability. These associations and a host of other factors have made it one of the most widely used building materials globally in just one century. Take this free AIA/CES course from Building Design+Construction and earn 1.0 AIA learning unit.
| Aug 11, 2010
Great Solutions: Green Building
27. Next-Generation Green Roofs Sprout up in New York New York is not particularly known for its green roofs, but two recent projects may put the Big Apple on the map. In spring 2010, the Lincoln Center for the Performing Arts will debut one of the nation's first fully walkable green roofs. Located across from the Juilliard School in Lincoln Center's North Plaza, Illumination Lawn will consist ...
| Aug 11, 2010
Pioneer Courthouse: Shaking up the court
In the days when three-quarters of America was a wild, lawless no-man's land, Pioneer Courthouse in Portland, Ore., stood out as a symbol of justice and national unity. The oldest surviving federal structure in the Pacific Northwest and the second-oldest courthouse west of the Mississippi, Pioneer Courthouse was designed in 1875 by Alfred Mullett, the Supervising Architect of the Treasury.
| Aug 11, 2010
Gold Award: Eisenhower Theater, Washington, D.C.
The Eisenhower Theater in the John F. Kennedy Center for the Performing Arts in Washington, D.C., opened in 1971. By the turn of the century, after three-plus decades of heavy use, the 1,142-seat box-within-a-box playhouse on the Potomac was starting to show its age. Poor lighting and tired, worn finishes created a gloomy atmosphere.
| Aug 11, 2010
Great Solutions: Business Management
22. Commercial Properties Repositioned for University USE Tocci Building Companies is finding success in repositioning commercial properties for university use, and it expects the trend to continue. The firm's Capital Cove project in Providence, R.I., for instance, was originally designed by Elkus Manfredi (with design continued by HDS Architects) to be a mixed-use complex with private, market-...
