The Continental Automated Buildings Association (CABA) has completed a collaborative research study to identify, define and size the principle business opportunities presented by the growth of smart grids in relation to intelligent...
April 18, 2012
The Continental Automated Buildings Association (CABA) has completed a collaborative research study to identify, define and size the principle business opportunities presented by the growth of smart grids in relation to intelligent buildings.
CABA’s “Smart Grid Impact on Intelligent Buildings” research study estimates that the North American smart grid marketplace will reach $8 billion in revenue by 2013 and will exceed $10 billion by 2015. In 2011, the marketplace was estimated to have reached $6.6 billion.
The study found that 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.
While building management systems are not projected to be the fastest growing segment of the market, the study notes that smart grid development will become a major driver for the development and deployment of more intelligent building technologies.
“The information and trends in (the) research study emphasize the need for innovative solutions to enhance the efficiency and effectiveness of our power generation, transmission and consumption capacity,” said Ronald Zimmer, CABA president and CEO. “Intelligent buildings are prime examples of innovative technology that will aid in the deployment of new smart grid infrastructure.”
CABA’s report has been released to its funding partners and will be made available for purchase to the rest of the industry after an embargo period ends on June 2.
Companies enquiring for details and pricing can contact George Grimes, CABA’s business development manager, at firstname.lastname@example.org or 613.686.1814 ext. 226.