Buildings are responsible for a significant portion of global energy consumption, with one-third of the world's energy used within them. As of the Transforma Insights report, the total number of Building Automation devices will grow from 358 million in 2020 to 1.6 billion in 2030, with a CAGR of 16%. This is explained by the fact that, digitalizing buildings, employing technologies like smart thermostats and lighting control, has the potential to reduce energy usage in residential and commercial buildings, while automation systems with HVAC and lighting control could reduce total building electricity consumption by 10-20%.
According to Berg Insight, by 2024, it is predicted that there will be 34.4 million connected building automation systems in North America and Europe with the market reaching €48.4 billion by 2024.
The 1NCE is strongly aware of the IoT relevance towards smart buildings and building automation systems. This is reflected in our customer base in the infrastructure and industry sectors, which constitutes 29% in total. Within this industry, Smart Building solutions emerge among the most prominent applications.
Smart Building and Automation Systems Vendors
Find a list of key smart building hardware on the market below:
Note: The list makes no claim to completeness.
Smart Building: Specific Application of IoT
The IoT application within smart building can be exemplified by the following list:
|IoT-enabled thermostats that optimize heating and cooling based on occupancy and preferences.
|Systems that monitor and control energy usage to reduce costs and improve efficiency.
|Smart lighting systems that adjust brightness, color, and schedules for energy savings and comfort.
|IoT sensors and controls that enhance heating, ventilation, and air conditioning performance.
|Secure and efficient entry management through connected locks and access systems.
|Indoor Air Quality
|Monitoring and managing air quality, temperature, humidity, and ventilation for occupant health.
|Surveillance and Security
|Connected cameras, sensors, and alarms for building security and surveillance.
|Centralized control of various systems, such as HVAC, lighting, and security, for efficiency and comfort.
|Sensors and analytics for predicting maintenance needs and preventing system failures.
|Monitoring water usage, detecting leaks, and ensuring efficient water systems.
|Real-time tracking of occupancy to optimize lighting, HVAC, and space usage.