Continental Automated Buildings Association (CABA) has completed a collaborative research study to identify, define, and size the principal business opportunities presented by the growth of smart grids in relation to intelligent buildings.
According to the study, titled “Smart Grid Impact on Intelligent Buildings,” the North American smart-grid marketplace will reach $8 billion in revenue by 2013 and exceed $10 billion by 2015. In 2011, the marketplace was estimated to have reached $6.6 billion.
The study found the fastest-growing components of the smart-grid market are grid applications, followed by demand response and peak-load management, building energy-management systems, and smart meters.
Organizations that participated in the project include Belimo Aircontrols, The Cadillac Fairview Corporation Ltd., CommScope Inc., CoR Advisors, Diebold Inc., Energent Inc., GE Energy Services, Grundfos Pumps Corp., Honeywell International Inc./Tridium, Hydro-Québec, InfoComm International, Ingersoll-Rand/Trane/Schlage, Johnson Controls, Legrand/Ortronics, LG Electronics, Natural Resources Canada, Philips Research North America, Priva North America, Public Works and Government Services Canada, Robinson Solutions Inc., Schneider Electric, Sempra Energy, Shell International Inc., Siemens Industries Inc., Southern California Edison, the U.S. General Services Administration, Verizon, and Viridity. The research was conducted by BSRIA.
The report will be available for purchase after June 2. For more information, contact George Grimes, CABA’s business-development manager, at grimes@caba.org or 613-686-1814, Ext. 226.