Smart Buildings in Asia Expected to Triple by 2020

Research and Markets has rolled out the "Smart Buildings in Asia 2012" report, with reviews on smart building advancement in the Asian region. It also identifies key drivers and trends, predicting areas of best opportunities.

According to the latest report from BSRIA, there are six key trends identified in smart building design. Rather than focusing on the additional expenses of smart buildings, the industry should aim towards providing suitable products and solutions. The research has also revealed a significant increase in some building systems’ construction budget. .

Asia will be the hub for the new construction market for smart buildings in the next 10 years. The smart building market is expected to grow from $427 billion to $1040 billion in 2020. It is anticipated that in 2030, 45% of the world’s energy will be consumed by Asia and the biggest consumers will be from the construction sector. Smart buildings are expected to reduce environmental impact as the concept includes green and intelligent building.

Two smart cities, Songdo IDB and Fujisawa, are being developed in South Korea and Japan. There are 36 smart cities underway in China and Singapore is expected to become a smart nation by 2015. In Malaysia, Iskandar is slated to be the flagship smart city. The Delhi Mumbai Industrial Corridor in India will be another contribution towards smart building.

While smart buildings are increasing in smart cities, the concept of green buildings is also causing a major trend in Asia, especially in new developments. There is an inherent need for smart buildings to be integrated to smart grid and smart city in ICT, low carbon and energy aspects.

Source: http://www.researchandmarkets.com

Will Soutter

Written by

Will Soutter

Will has a B.Sc. in Chemistry from the University of Durham, and a M.Sc. in Green Chemistry from the University of York. Naturally, Will is our resident Chemistry expert but, a love of science and the internet makes Will the all-rounder of the team. In his spare time Will likes to play the drums, cook and brew cider.

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