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Energy storage for commercial buildings set to grow $4bn over next decade

Wed, 02/20/2013 - 17:36 -- Ruth Williams

Global revenue for commercial building energy systems will grow from $3.9bn in 2013 to more than $7.5bn in 2022, according to a new report by Pike Research.

Commercial building energy systemThe commercial buildings market is currently the largest source of revenue for stationary energy storage companies, primarily due to a robust UPS industry, which requires an energy storage component. Pike Research says that segment alone is estimated to generate $3.7bn in global sales in 2013.

In addition, there is a relatively healthy market for thermal energy systems, which use thermal mass - either ice or ceramic brick - to store energy for later use in climate control in a building. That market is estimated to be worth $89.6m in 2013.

Finally, an emerging segment of electrical energy storage systems is beginning to be established in some parts of the world.