Direct Current Power Supply Equipment for Commercial Buildings Will Reach $2.8 Billion in Annual Revenue by 2020, Forecasts Navigant Research
Market for DC building controls will reach $5 billion, report concludes
BOULDER, Colo.--(BUSINESS WIRE)--Deployed in commercial buildings and campus microgrids, direct current (DC) power supply equipment reduces the number of required conversions between alternating current (AC) and DC power, thereby increasing the overall building energy efficiency. Since solar photovoltaic and wind power are natively DC, the advantages of DC power systems become particularly clear when considering the integration of renewable energy generation. Click to tweet: According to a recent report from Navigant Research, DC power supply equipment for commercial buildings will grow from $320 million in annual revenue in 2013 to more than $2.8 billion in 2020.
“DC-based systems enable stable, high quality power distribution to critical services in buildings including security, lighting, and environmental control systems.”
“Commercial buildings are increasingly employing alternative strategies to draw less energy from the grid, either through efficiency gains from fewer AC/DC conversions, or through reducing the need for inverters by using renewable or fuel cell power sources,” says Noah Goldstein, research director with Navigant Research. “DC-based systems enable stable, high quality power distribution to critical services in buildings including security, lighting, and environmental control systems.”
While power supply equipment forms a key element of DC power systems, they are not the only one. The market for DC building controls and functionality, such as powered and biometric door locks, security cameras and sensors, networking devices such as wireless access points, and actuators and controls for heating, ventilation, and air conditioning, will be even larger, according to the report, reaching $5 billion in annual revenue by 2020.
The report, “DC Power for Commercial Buildings”, analyzes the global market opportunity for DC power technologies in commercial buildings. Five technology categories are covered: DC building power supply equipment, DC building controls and functionality, DC lighting, DC plug loads, and DC building microgrid infrastructure. The report provides a comprehensive assessment of the demand drivers and barriers, trends, and technology issues associated with worldwide DC power systems. Global market forecasts, segmented by technology, region, and commercial building type, extend through 2020. The study also examines the standards and regulations related to DC power distribution systems, and provides in-depth profiles of key industry players. 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 Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, “DC Power for Commercial Buildings,” 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.