The Harmonization of the Smart Grid and Smart Building Markets has Begun! The Smart Grid and Smart buildings markets are beginning the tricky process of harmonization as major global firms look to capitalise on opportunities surrounding distributed energy.

Allan McHale, Director, Memoori

Memoori’s brand new report shows that the combined market for Energy Software in Smart Buildings (comprised of Enterprise Energy Management, BECS Supervisory Software and Smart Building to Smart Grid Interface Software) will rise to nearly $10Bn by 2020, with related software on the Smart Grid side growing at a healthy 12% CAGR to nearly $2bn by 2020.

Significant Barriers continue to encumber market growth. A lack of common standards and cyber security concerns continue to encumber market growth, with energy and buildings executives commonly citing these two factors as the key challenges to effective smart energy solution implementation and improved integration between smart grids and smart buildings.

ESCOs consolidate their market positions across the energy value chain. The large energy services companies (ESCOs) such as Siemens, Schneider Electric, Honeywell and Johnson Controls are all pursuing aggressive acquisition policies to shore up and expand their capabilities across the energy value chain.

[an error occurred while processing this directive]Largely driven by these ESCOs, the report shows a total of 459 deals pertaining to the market between 2010 and 2015 as these firms look to build the big data skill sets required to leverage the opportunities around the Internet of Things and develop new Enterprise Energy Management Systems (EEMS), Demand Response Management Systems (DRMS), Distributed Energy Management Systems (DERMS), and Distributed Energy Storage Systems offerings.

Within its 149 pages and 30 charts and tables, for only USD $999 (single user license) the report provides valuable information into how Smart Building energy companies can develop their business strategy – http://www.memoori.com/portfolio/smart-buildings-meet-smart-grid-2015-to-2020