Smart Buildings

The Combined Market for Energy Software in Smart Buildings Will Rise to Nearly $10Bn by 2020

Our new research report shows that the markets for Enterprise Energy Management, BECS Supervisory Software and Smart Building to Smart Grid Interface Software will rise to nearly $10Bn by 2020; with related software on the Smart Grid side growing at a healthy 12% CAGR to nearly $2bn by 2020. The Harmonization of the Smart Grid and Smart Building Markets has begun! They are beginning the tricky process of integration as major global firms look to capitalize on opportunities surrounding distributed energy. North America leads the way in terms of smart building to smart grid software sales with some 70% of the overall market, thanks to a pioneering approach to demand response and a conducive policy environment; But other regions are catching up to the possibilities and their access to quality data is being boosted by government mandated smart meter rollouts. Energy services companies (ESCOs) such as Siemens, Schneider Electric, Honeywell and Johnson Controls are all […]

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