HVAC Breaking News

July 18, 2011: Market for Energy Storage in Commercial Buildings Is Poised for Major Growth

July 18, 2011
/ Print / Reprints /
/ Text Size+

BOULDER, Colo. - The market momentum toward greater energy efficiency in commercial buildings, the proliferation of smart grid technologies, and the growth of renewable energy installations both on a distributed basis as well as at the utility scale are all driving heightened interest in the opportunity for energy storage in commercial buildings. 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 of 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) 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.

“Energy storage presents a compelling opportunity for building owners and managers,” said research analyst Eric Bloom. “These systems offer the ability to manage operating expenses in the face of aggressive demand charges and dynamic pricing schemes, which are on the rise throughout North America.”

Bloom added that, while UPS and TES will continue to lead the market in the foreseeable future, significant opportunity also exists for commercial buildings to utilize flow batteries and lithium ion (Li-ion) batteries for energy storage as the economics of those technologies continue to improve.

Publication date: 07/18/2011

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.


NEWSMakers: Mark Satterfield

Mark Satterfield, founder and CEO of Gentle Rain Marketing Inc. and author of “The One Week Marketing Plan” talks about his book and the importance of HVAC blogging. Posted on Sept. 19.

More Podcasts


NEWS 09-15-14 cover

2014 September 15

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Venting R-22

The NEWS reported that a man received prison time for venting R-22. Should EPA step up enforcement?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con