Product category:
Building management systems
News Release from: ARC Advisory Group
Edited by the Processingtalk Editorial
Team on 24 July 2007
HVAC control systems market exceeds
USD10B
The worldwide HVAC controls market continues to grow at a steady rate, both in mature and emerging markets, and is expected to grow at 4% pa to USD13B in 2011
In sharp contrast to traditional HVAC solutions, new requirements include providing facilities managers the tools to perform the same sophisticated business intelligence analysis typically reserved for business applications "The goal is to develop intelligent HVAC solutions capable of providing facilities managers the ability to base operational decisions on real-time performance data and uncover hidden costs," according to ARC Research Analyst Jared Malarsky, the principal author of the ARC HVAC Control Systems Worldwide Outlook report
This article was originally published on Processingtalk on 21 Nov 2003 at 8.00am (UK)
Related stories
Pharmaceuticals needs new manufacturing systems
ARC Pharmaceutical industry plant-level expenditures worldwide outlook report: many drug manufacturers are ill prepared for the coming pressures, they need to shorten development times
Ultrasonic Flowmeter Worldwide Outlook
The world market for ultrasonic flowmeters is expected to grow at a Compound Annual Growth Rate of 7.9 percent over the next five years, arising from their adoption for custody transfer measurement
Key factors contributing to growth include the drive to upgrade and efficiently operate the aging facilities in mature markets.
Building owners and operators are focusing on the long-term lifecycle costs of owning and operating existing buildings, one of the largest expenses facing companies today.
Enterprise integration is bringing transparency to this process, enabling strategic and efficient management of existing building assets.
Further reading
The value of Profibus in the Process Industries
ARC reports that the value proposition of Profibus lies in its ability to address the needs of multiple manufacturing domains, running on a common communication layer
Impact of Katrina on US Oil and Gas Industry
A special report titled "Impact of Hurricane Katrina on US Oil and Gas Industry Will be Lasting" by Russ Novak and Larry O'Brien has been published by the ARC Advisory Group
HVAC suppliers have continued to develop new solutions that feature more efficient hardware, integrated control systems, and management services.
This is resulting in increased productivity and lowered costs, with minimal operational upsets.
In addition, many smaller buildings that were not likely candidates for expensive, complex HVAC control systems in the past are now benefiting from lower cost, simplified control systems.
There is a growing trend toward enterprise integration across departments and buildings via web services.
IT-based solutions lay at the very heart of the direction the market is taking, and leading suppliers have spent the last two years developing these solutions.
While offering web-based control will be less of a strategic differentiator going forward, there are still many related areas in which companies can distinguish themselves and improve their competitive advantage over peers.
ARC expects HVAC controls to expand in functionality, convenience, scalability, and accessibility.
They will be employed to support a broader range of applications, from the largest enterprises to more focused solutions that can grow in functionality as companies increase investments.
Corporations in Asia, the Middle East, and Latin America continue embarking on new construction projects to meet the needs of their expanding operations.
From hotels in China to shopping malls in Dubai, these clean slate projects offer opportunities to implement advanced HVAC and related BAS solutions.
Multinational corporations often prefer modern web-based control systems that give them real-time access to information about overseas facilities.
• ARC Advisory Group: contact details and other news
• Email this article to a colleague
• Register for the free Processingtalk email newsletter
• Processingtalk Home Page
Search the Pro-Talk network of sites
