Industry News




 

11/21/2013

Building Automation Growth Predicted to Surge in U.S.

 
BAS market is projected to grow.

The U.S. market for building automation equipment is projected to grow by more than 40%to $2.24 billionover the next five years, spurred by the need for commercial buildings to consume energy more efficiently, according to a new report from IHS.

Findings suggest that with electricity rates on the rise, driven by increasing wholesale prices and investments in renewable sources of energy, demand for lower energy consumption in buildings is bound to occur.

The cost of electricity is a major factor in the operational efficiency of a commercial building structure, which explains why building automation systems could play an important role. Prices for U.S. retail electric power will increase by 8% from 2012 to 2020, IHS CERA forecasts, with a sizable proportion of the increase in price related to the investments being made by the market in renewable energy.

A similar story is unfolding in Germany, where the Energiewende policy is promoting the move away from nuclear and fossil-fuel power generation and toward renewable sources of energy. Such investments are driving up the cost of energy overall and adding pressure to the already stretched operational budgets of many commercial and government organizations.

The full report can be found at IHS.  

 

 


Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

 


Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.


 
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