Memoori highlights the growing market for intelligent building controls and the huge opportunity presented by interfacing Smart Buildings with the Smart Grid. The size of the world market for Building Energy Management Systems (BEMS); DDC controls that monitor and control environmental plant in industrial and commercial buildings was $13.39 billion in 2011 and Memoori forecasts that in 2016 the market will be worth approximately $18.78 billion. Industrial and commercial buildings consume 40% of all generated electrical power. Interfacing this building stock with a Smart Grid will provide large scale opportunities to balance electrical supply and demand, particularly as Smart Buildings are already fitted with fully automatic DDC controls. In the US alone, approximately 80,000 sites in the commercial sector offer a high propensity for Smart Building to Smart Grid interfacing. The total world population will be well over 250,000 buildings. New market opportunities that have little or no obstacles to their development are rare. This […]