Memoori Research highlights the huge opportunity presented by interfacing smart buildings with the smart grid
The size of the world market for building energy-management systems was $13.39 billion in 2011 and will grow to approximately $18.78 billion in 2016, according to Memoori Research.
Industrial and commercial buildings consume an estimated 40 percent of all generated electrical power. Interfacing this building stock with a smart grid will provide large-scale opportunities to balance electrical supply and demand, particularly as smart buildings are already fitted with fully automatic direct-digital controls. In the United States alone, approximately 80,000 sites in the commercial sector offer a high propensity for smart-building-to-smart-grid interfacing. The total world population will be well over 250,000 buildings.
Memoori notes that new market opportunities that have little or no obstacles to their development are rare. This potential market offers stakeholders on both the demand and supply sides an almost perfect opportunity to profit by producing software to interface smart-building systems with the Smart Grid.
Coupling distributed generation with the efficient balancing of supply and demand in a smart building is one of the most cost-effective solutions for large-scale energy conservation and as a direct consequence the reduction of carbon-dioxide emissions.
Memoori Business Intelligence Ltd. is an independent market research and investment advisor. For more information about the report, "Smart Building to Smart Grid Interface Business," visit http://memoori.com/smart-buildings-2012