NEW YORK, Dec. 11, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Energy Storage, Backup Power, Peak Shaving, and Building Operations Cost Reductions: Market Analysis and ForecastsIn the coming decade, the energy stored in plug-in electric vehicle (PEV) batteries will increasingly be made available to commercial buildings with intelligent building energy management systems (BEMS) to proactively manage energy consumption and costs. These concepts, known as vehicle-to-building (V2B) and vehicle-to-home (V2H) technology, have the potential to provide storage capacity to benefit both vehicle and building owners by offsetting some of the higher cost of PEVs, lowering buildings' energy costs, and providing reliable emergency backup services. Numerous pilot projects are now underway around the world to develop and test V2B technologies. The majority of these programs are part of larger projects that are testing microgrid and smart grid technologies. V2B is one element that is being integrated with renewable energy generation, smart buildings, smart EV charging, and in some cases, stationary backup storage. Although recent projects have grown more ambitious, with the number of PEVs participating in the projects increasing, they are still at the scale of integrating hundreds, and not yet thousands of vehicles. Pike Research forecasts that annual investments in upgrades to vehicles and to buildings, which include power electronics, inverters, and power management software, will grow to more than $76 million worldwide by 2020. This Pike Research report examines the market opportunity for V2B technologies targeted at demand charge avoidance, peak shaving, time-of-use pricing, and other utility energy pricing schemes to reduce the cost of building operations and to provide emergency backup power. The study analyzes both the technology issues and government policy factors associated with the growth of V2B, as well as key barriers to adoption. Key market participants are profiled and forecasts are provided for V2B-enabled vehicles and service revenues through 2020.