Report: Stored Energy in Commercial Buildings Set for Rapid Growth
Energy storage in commercial buildings is poised for significant growth, driven by market momentum toward greater energy efficiency, the proliferation of smart grid technologies, and the growth of renewable energy installations, according to a report by Pike Research.
“Energy Storage in Commercial Buildings” predicts that the uninterruptible power supply market, which is currently the largest segment within this industry, will increase from $3.4 billion in 2011 to $4.8 billion by 2016.
Another key emerging segment is ice-based thermal energy storage custom systems, which Pike Research anticipates will rise from $15 million in revenue in 2011 to $37 million by 2016. Under a more aggressive growth scenario, this market could reach as high as $92 million during the same period. Ice-based thermal energy storage rooftop units in North America will also experience strong growth, increasing from $12 million in 2011 to $123 million by 2016 under a baseline forecast scenario, Pike said.
“Energy storage presents a compelling opportunity for building owners and managers,” says research analyst Eric Bloom. “These systems offer the ability to manage operating expenses in the face of aggressive demand charges and dynamic pricing schemes, which are on the rise throughout North America.”
In October 2010, APC by Schneider Electric launched what it claimed to be the industry’s first uninterruptible power supply software to provide energy reporting for IT equipment. PowerChute Business Edition 9.0 provides safe system shutdown and UPS management, reporting on the energy being consumed, cost of the energy and CO2 emissions produced on a per Smart-UPS basis, APC said.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Don’t Go It Alone When Retrofitting
- LinkedIn Campus Gets Mobile EV Charging
- Many Vendors Vie for Lighting Controls Business
- Johnson Controls Opens Variable Refrigerant Flow (VRF) Training Center
- Acquiring Renewable Energy Should Be Easier, Facebook Says
- Energy Upgrades at School District Financed by NY Power Authority
- Fusing System Helps Solar Customers with Overcurrent Protection
- ABM Joins Balboa Park Sustainability Council