White paper: Sustainable smart buildings for the planet, people, and profit
According to recent reports, the smart building market is expected to grow from $43.6 billion in 2018 to $160 billion by 2026.1 Fueled by an increased focus on carbon emissions, market demand, potential savings, and evolving laws and regulations, the commercial construction industry is now embracing the concept of sustainable smart buildings. What constitutes a sustainable smart building has also evolved significantly over the past two decades to now consider not only a building’s environmental impact, but also its safety, security, and overall social performance and cost reduction over its lifecycle. As the commercial real estate market becomes increasingly competitive, building owners need to answer the call to make their buildings smarter and more sustainable in a way that considers impact on the planet, the people, and the profit of the business itself or run the risk of lower occupancy rates and property values.
To make informed decisions that ensure sustainable smart buildings, stakeholders need insights and benchmarks that can only come from measurable assessment criteria and based on actual data. To effectively collect that data, building owners and operators need to consider emerging technologies and infrastructures that enable cost-effectively connecting a wide range of smart devices and systems within a building and across campus environments, smart communities, and smart cities.
Based on detailed research, recent statistics, and interviews with leading TIA and LoRa Alliance member companies, this paper presents expert viewpoints on smart building sustainability, including:
• The evolution of sustainability concepts
• Primary industry and global driving forces to sustainability
• The foundational role of data in achieving sustainability
• Technologies,solutions,and strategies for achieving sustainability goals
• Key challenges to sustainable smart building implementation
• The need for sustainability assessment and certification programs
• The future outlook for sustainable smart buildings