Navigant Research Expects Global Revenue for Commercial and Industrial Building-to-Grid Integration to Exceed $28 Billion in 2026
Business benefits for innovators of the building-to-grid platform
include lower costs and sustained profits, making for a stronger bottom
line and new revenue streams, report finds
BOULDER, Colo.–(BUSINESS WIRE)–#B2G–A new report from Navigant
Research examines the global market for commercial and industrial
(C&I) building-to-grid (B2G) integration, analyzing the use cases,
opportunities, and challenges associated with deploying the technology
in the Energy Cloud.
The intelligent building represents a paradigm shift for businesses via
the integration of facilities management and IT, which unifies strategy,
investment, and decision-making. B2G takes this concept further by
creating a cohesive approach for data-driven optimization of systems
inside the walls of the facility and across campuses, including onsite
distributed energy resources (DER). Click
to tweet: According to a new report from @NavigantRSRCH,
global revenue for C&I B2G integration is expected to grow from $1.3
billion in 2017 to $28.8 billion in 2026.
“The door is open for a market orchestrator—a sort of captain at the
helm of a new platform or framework for transactions tied to energy
supply and demand,” says Casey Talon, principal research analyst at
Navigant Research. “For regulated utilities, B2G can threaten existing
customer relationships and business models. For technology providers and
other third parties, B2G is an avenue for customer acquisition and new
business development.”
Business benefits for innovators of the B2G platform include lower costs
and sustained profits for a stronger bottom line and new revenue streams
for top line growth for the three key constituent groups:
utilities/energy providers, technology vendors, and building
owner/operators. According to the repot, B2G also represents an
opportunity for major C&I building constituents to address their need to
transform legacy business models to stay relevant in a rapidly evolving
technology marketplace.
The report, Building-to-Grid
Integration, analyzes the global market for B2G integration in
three key segments: smart grid IT, building optimization, and DER
controls and optimization. The report provides an analysis of the market
issues, including use cases, opportunities, and challenges, associated
with the development of the B2G platform in the Energy Cloud. Global
market forecasts for revenue, broken out by segment and region, extend
through 2026. The study also examines the enabling technologies related
to B2G, as well as the standard business models. An Executive Summary of
the report is available for free download on the Navigant
Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.
* The information contained in this press release concerning the
report, Building-to-Grid Integration, is a summary and reflects
Navigant Research’s current expectations based on market data and trend
analysis. Market predictions and expectations are inherently uncertain
and actual results may differ materially from those contained in this
press release or the report. Please refer to the full report for a
complete understanding of the assumptions underlying the report’s
conclusions and the methodologies used to create the report. Neither
Navigant Research nor Navigant undertakes any obligation to update any
of the information contained in this press release or the report.
Contacts
Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]