The new construction market will concentrate in Asia in the next decade making a rapid growing market for smart building. The market for smart building is set to grow from the current $427 billion to $1040 billion in 2020. Asia will consume 45% of the world energy by 2030 with building being the biggest consumers. The unprecedented urbanization rate in Asia relies on smart buildings to reduce climate change impact. Smart building includes concept of green building and intelligent building in Asia.
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