Dive Brief:
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Government regulations that encourage green building are driving growth in the commercial building automation market, according to a report by Transparency Market Research.
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As the building sector recovers, demand is growing in the lodging, healthcare, office, and retail sectors for energy-efficient systems, LED technology and enhanced security for both new construction and retrofits, the report said.
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The researchers predicted the commercial building automation market’s “growth phase” will continue through 2019.
Dive Insight:
The automation sector’s growth also depends, in part, on the availability of venture capital funding and on the adoption of advanced embedded computing, sensing and communications technologies—all of which are growing.