IDC Energy Insights announced today the availability of two new research documents focused on commercial Smart Building systems, a market that is emerging as a "killer app" for the smart grid. The first report, Smart Buildings Global Market Forecast 2010-2015 (Document # EI227827), forecasts a global compound annual growth rate (CAGR) in spending of 26.6% from 2010-2015, with forecasted sales reaching $10.2 billion in 2015.
Most of the market's forecasted spending growth will occur in Western Europe (28.8% CAGR) and North America (28.4% CAGR), with demand projected to continue for at least the next five years. The forecast includes systems and services for the control and optimization of building operations and maintenance.
Worldwide, Smart Building (SB) systems market growth will be driven by building owners and managers seeking ways to reduce operating costs and increase the uniqueness of their building assets, thereby embracing the complementary objectives of energy efficiency and sustainability. SB systems are a set of intelligent technologies that enable building managers to measure, monitor, control and optimize the operations and maintenance of a building.
Home Management: A “Killer App” for the Smart Energy Grid
A new report predicts strong growth for home energy management (HEM) systems. Moreover, this technology is quickly becoming a “killer app” for the smart grid. Pike Research forecasts global sales will reach $10.2 billion by 2015, showing rising interest in smarter, more efficient energy use.
What Are Home Energy Management Systems?
HEM systems help homeowners monitor and control their electricity use. Additionally, they provide real-time data on consumption, making it easier to cut waste and lower bills. As a result, users can adjust usage during peak times or automate appliances to run when energy is cheaper and cleaner.
These systems often include smart meters, in-home displays, and apps for mobile devices. Moreover, utilities benefit by reducing strain on the grid, avoiding costly upgrades, and integrating more renewable energy.
A homeowner tracks energy usage in real time using a smart app supporting lower costs and a cleaner grid through smart technology
Smart Energy Grid Strong Growth Driven by Efficiency Goals
The report highlights growing demand for better energy efficiency worldwide. Furthermore, governments and utilities are promoting smart grid technologies to reduce carbon emissions and improve reliability.
Consumers want more control over their energy costs. As a result, manufacturers and software developers are investing heavily in user-friendly HEM solutions. Additionally, prices for smart devices continue to fall, making them more accessible.
A Key Part of the Smart Grid Future
Home energy management is expected to be central to the future of the grid. Moreover, it empowers customers to make informed choices while supporting broader sustainability goals.
Ultimately, investing in HEM technologies helps lower carbon emissions, reduce energy waste, and build a more resilient power system. Therefore, it represents a win for homeowners, utilities, and the environment alike.
The Green Living Guy, Seth Leitman is an independent power producer, a green living expert, and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author, Radio Host, Reporter, Writer and an Environmental Consultant on green living. The Green Living Guy writes about green living, green lighting, the green guru guides and more. Seth's books range from:
# Build Your Own Electric Vehicle by Bob Brant and Seth Leitman (2nd and 3rd editions)
# Build Your Own Plug-in Hybrid Electric Vehicle by Seth Leitman
# Build Your Own Electric Motorcycle by Carl Vogel
# Green Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky
# Solar Power For Your Home by David Findley
# Renewable Energies For Your Home by Russel Gehrke
# Do-it-Yourself Home Energy Audits by David Findley
# Build Your Own Small Wind Power System by Brian Clark Howard and Kevin Shea
# and more green living books to follow.
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