Urenio Watch Watch: Intelligent Cities / Smart Cities

The Smart Building Market in Asia

The rapid urbanisation currently underway in Asia means that there is an equally rapid growth rate not just for the construction  market in general, but for smart buildings in particular. According to a report by the  Building Services Research and Information Association (BSRIA)  the smart building market will grow  from the current size of US$ 427 billion to US$ 1,036 billion in 2020, creating vast opportunities for advance building technologies and services.

The latest BSRIA report identified six key trends in smart building design. Industry should not focus on the additional cost in smart buildings but should aim to provide suitable products and solutions for smart buildings. The research also found some building systems have a significant increase in the construction budget compared to five years ago.  Buildings need to be integrated to smart city and smart grid in ICT, energy and low carbon aspects. Government, end user and building owner have different drivers for smart and green buildings. Smart buildings are growing in smart cities; green buildings are also the major trend in Asia in new building developments.

As Asia is expected to consume 45% of the world’s energy by 2030, smart buildings will be one of the most important ways to reduce the climate change impact caused by the continent’s rapid urbanisation.  Smart building includes concept of green building and intelligent building in Asia. There are key assessment criteria of green and intelligent buildings developed in the region.  Smart cities are more focused on the ICT infrastructure but should also include eco, sustainable, green and low carbon cities, which address on various green elements.

A lot of smart cities, based on leading ICT developments as well as on green and energy efficient growth are currently being designed and contructed in Asia.  Songdo IDB and Fujisawa are two smart cities under development in South Korea and Japan. China has 36 smart cities underway. Singapore will become a smart nation by 2015 and Iskandar (model pictured above) is the flagship smart city in Malaysia. Delhi Mumbai Industrial Corridor will be the smart city of the future in India. China is building a RMB 250 billion low carbon model city in Tianjin.

The original article can be found here.