Jan. 23, 2013: Nearly 1.5 Million Commercial Buildings to Participate in Demand Response by 2018
BOULDER, Colo. — Commercial buildings have become increasingly sophisticated in their operations with the adoption of new automation technologies and building management systems. As building owners and operators look for ways to better utilize these technologies to achieve greater efficiencies, their interest in demand response (DR) programs is also growing. According to a new report from Pike Research, a part of Navigant’s Energy Practice, the number of commercial facilities participating in DR programs worldwide will rise from fewer than 600,000 in 2012 to more than 1.4 million sites by 2018.
“Although DR programs are offered to a broad range of customers, the commercial sector offers a significant opportunity for growth in the DR market,” said senior research analyst Marianne Hedin. “With a huge number of buildings and facilities accounting for a substantial amount of electricity consumption, the commercial sector represents a major underserved market.”