Smart grid interface software business worth $1 Billion by 2016

Sponsored by

London — In many developed countries, industrial and commercial buildings consume 40 percent of all generated electrical power. Interfacing the smart grid with this building stock provides opportunities to balance electrical supply and demand particularly as smart buildings are already fitted with fully automatic DDC controls.

Much of the technology is already in place for both smart grid and smart buildings to benefit from interfacing and integration.

Memoori predicts that the average annual aggregated spend on both the smart grid side and smart building side for interface software will be approximately $1 billion in 2016 and demand will peak in 2020 at $2.2 billion. The current global spend on interface products for smart buildings’ not likely to be exceeding $100 million.

In the U.S., about 80,000 sites in the commercial sector offer a high propensity for smart building to smart grid interfacing. The world population will be over 250,000 buildings.

The size of the world market for Building Energy Management Systems (BEMS), DDC controls that monitor and control environmental plant in commercial and industrial buildings, was $13.39 billion in 2011.

Sponsored by

CURRENT ARTICLES

Using EPRI technology to weather the next Superstorm

10/31/2014 Damage prevention refers to the application of engineering designs and advanced technologies that harden the power system ...

NorthWestern wins FERC approval to finance hydro transaction

10/31/2014

. The issuance of securities will be used to finance the hydroelectric acquisition from PPL Montana

Brazil’s households consuming more electric power

10/31/2014

Brazilian households accounted for 10.5 terawatt-hours, up 2.9 percent on the same period last year

DOE invests $13 million in advanced nuclear power reactors

10/31/2014 The Energy Department announced awards for five companies to lead key nuclear energy research and development projects sup...

KCP&L files rate increase request with Missouri Public Service Commission

10/31/2014 One of the primary reasons for the proposed increase is the utility’s need to recover costs for federal and state-mandated...

After Fukushima, Japan has renewable energy boom

10/31/2014 The utilities say they can't accommodate the flood of newcomers to the green energy business, throwing in doubt the future...

ERCOT expects enough electricity for winter, spring

10/31/2014

Generation resources for this winter in the ERCOT region total more than 77,350 MW 

ON DEMAND WEBCASTS

Architecting Communication Networks for Smart Grids

This webinar will provide the essentials of communication networking to meet the challenges of th...

The Power of Behavioral Design: Lessons for Energy Efficiency Providers

Behavioral design principles are key differentiators when it comes to influencing consumer behavi...

3D BIM for Substations—Driving Efficiency from Design Through Operation and Maintenance

In this webinar, PESTECH will describe their transition to intelligent substation design and its ...

High Availability Networks. Application of IEC6439-3 Protocols for IEC61850 Process Bus implementation

Networks can now be built for the first time with genuinely uninterrupted data communication betw...

Understanding Moisture Dynamics in Power Transformers

While the need to measure moisture in power transformers has been well documented and is universa...

EL&P BUYER'S GUIDE PRODUCTS

MITEM Corp

Provides CRM solutions for regulated U.S. public utilities. The product, MitemView integrates differently designed systems to share critical data a...

Resources on Demand

Manages resource requests, tracks personnel movements, and supports lodging/logistics during a power restoration event.

Smart Grids

Quanta is contributing to its customers' smart grid initiatives by installing technology on power networks to provide energy management solutions f...

Horizontal Directional Drilling

With 28 small, mid-sized and large drilling rigs, Quanta Pipeline Services is one of the largest horizontal directional contractors in the world fo...

FEATURED ENERGY JOBS

View more Job Listings >>

POWERGRID International

April 2014
Volume 19, Issue 4
1404pg-cover

ELECTRIC LIGHT & POWER

March 2014
Volume 92, Issue 2
cover