FMI recently released its Q3-2013 Construction Outlook.The markets continue to shift, reducing annual construction-put-in-place (CPIC) predictions to $909.6 billion, down nearly $4 billion from previous predictions. Early forecasts for 2014 show annual CPIP continues moderate growth of 7%, rising to $977 billion.
Major market predictions include:
An electrical arc flash can occur when someone is verifying the presence of voltage, checking the balance of current, operating a switch, inspecting an energized cable or bus connections during routine maintenance, or simply standing in the vicinity of energized equipment. This is a reason to perform an arc flash hazard assessment study — to discern the degree of arc flash hazard present and the level of PPE required at a given location on the power distribution system. An article in ECM Magazine addresses this important subject.
To read the article, click here.
The IP video and video surveillance as a service (VSaaS) market will reach $57.3billion in 2020 as more organizations switch from analog systems to IP-basedsolutions, according to Allied Market Research (AMR).
The report titled “IP Video Surveillance and VSaaS Market (Technologies,Applications, Services, Geography) – Industry Analysis, Trends, Share, Opportunities and Forecast, 2012- 2020,” notes that increasing awareness regarding the benefits of IP-based surveillance systems, favorable regulatory impositions and rising security concerns are the key factors expected to catalyze the growth of IP surveillance market.
