Asia will hit $1.03 tril­lion in 2020

China will make the big­gest con­tri­bu­tion to the smart build­ing mar­ket with 46%, fol­lowed by Ja­pan with 19% and In­dia with 11%

HT Estates - - HTESTATES - HOW THE DUTCH DO IT SOUTH KOREAN CASE

In 2025, we will see around 26 global smart ci­ties. Around 50% of th­ese will be from North Amer­ica and Europe. Most of the pi­lot projects, in­no­va­tion and lead­er­ship in the smart ci­ties space are tak­ing place in North Amer­ica, which will lead the world in new smart en­ergy ca­pac­ity and the smart grid mar­ket in the next three years with a CAGR of 30-35%, ac­cord­ing to Frost & Sul­li­van es­ti­mates.

Europe has the largest num­ber of smart city project in­vest­ments glob­ally. It is ex­pected to see a five-fold growth in the in­stalled base of smart me­ters by 2017 and will ex­pe­ri­ence a growth rate of 20-25% in the smart grid mar­ket in the next three years. China will ac­count for more than 50% of the global smart ci­ties, gen­er­at­ing $320 bil­lion for China’s econ­omy by 2015. How­ever, it is the en­tire Asia-Pa­cific re­gion that will be the fastest grow­ing re­gion in smart en­ergy space by 2015. Smart grid in­vest­ment in this re­gion will ex­ceed $171 bil­lion by 2017. The South­east Asian re­gion will see a growth in smart me­ter mar­ket with 24.5% pen­e­tra­tion rate by 2020. The Asian smart build­ing mar­ket will reach $1.03 tril­lion by 2020, up from $427 bil­lion in 2011. China will make the big­gest con­tri­bu­tion to this with 46%, fol­lowed by Ja­pan with 19% and In­dia with 11%.

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