by Shane Henson — July 3, 2013—According to a recent report from Navigant Research, a market research and consulting company that provides in-depth analysis of global clean technology markets, annual revenue from energy storage systems for commercial buildings will grow from $3.9 billion in 2013 to more than $7.5 billion in 2022.
The report, Energy Storage in Commercial Buildings, analyzes the global market opportunity for commercial building energy storage across all three key segments: uninterruptible power supply (UPS) systems; electrical energy storage (EES) systems; and thermal energy storage (TES) systems.
Per the report, the market for energy storage in commercial buildings is nascent and developing. Although one segment, UPS systems, is mature, the business models EES systems and TES systems are still evolving.
The future growth of TES and EES systems is primarily reliant on expectations of regulatory changes, says Navigant Research. As TES and EES systems begin to reach critical mass, their overall energy capacity will start to become significant. When combined with residential energy storage systems and utility-owned storage systems, energy storage will have a greater impact on the capacity of the grid to absorb more renewable power, and will increase overall system power reliability and quality.
The report provides a comprehensive assessment of the demand drivers, business models, policy factors, and technology issues associated with the dynamic commercial building energy storage space. Key industry players are profiled in depth, and worldwide revenue and capacity forecasts, segmented by application and region, extend through 2022.
