According to a new report from Pike Research, the market for energy storage in commercial buildings is poised for significant growth in the years ahead. The firm forecasts, under a baseline scenario, that the uninterruptible power supply (UPS) 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 includes ice-based thermal energy storage (TES) 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 TES 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 Research’s report, “Energy Storage in Commercial Buildings”, explores the market potential for energy storage in commercial buildings including an examination of market issues, technology issues, and the competitive landscape in this emerging sector. Market forecasts are provided for uninterruptible power supplies and thermal energy storage in commercial buildings, and key industry players are profiled in depth.
View the complete report, “Energy Storage in Commercial Buildings”