Building Automation Systems expenditures are expected to increase more than 60 percent in the next decade, according to a report by Navigant Research. The growth will come from new and retrofit construction as buildings look to comply with new energy usage regulations.
Growth in automation systems will be driven by new and retrofit building construction because of new energy efficiency requirements. The U.S. market for building automation equipment is expected to grow by more than 40 percent or more than $2.24 billion over the next five years.
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