In many developed countries, industrial and commercial buildings consume 40% of all generated electrical power.
Interfacing the smart grid with this building stock provides opportunities to balance electrical supply and demand particularly as smart buildings are already fitted with fully automatic DDC controls.
Much of the technology is already in place for both smart grid and smart buildings to benefit from interfacing and integration.
Memoori predicts that the average annual aggregated spend on both the smart-grid side and smart-building side for interface software will be approximately $1 billion in 2016 and demand will peak in 2020 at $2.2 billion.