(For More on Building Systems and Best Practicies, read Better Buildings, the quarterly supplement to Real Estate Forum).
NEW YORK CITY-There is what one observer refers to as a “flood” of new entrants into the hot building automation systems market. These start-ups, combined with such major players as Johnson Controls and Siemens, are growing toward annual revenues of $44 billion by 2018.
“We're seeing a rush of investment, creativity and revenues in developing what can be achieved with BAS data,” says Jonathan Collins, principal analyst at New York City-based ABI Research. And start-ups such as BuildingIQ, Sky Foundry and Viridity Energy are all jumping on the bandwagon.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
