Pike Research: Global smart energy market reached $222 billion in 2011

By: Steve Wednesday May 30, 2012 0 comments Tags: Pike Research, smart energy

BOULDER - The smart energy market worldwide is gaining traction and reaping rapid revenue growth, according to research by Boulder-based Pike Research.

A new report by Pike shows total revenue from smart energy and smart energy storage reached $222 billion in 2011. By 2015, the total market value globally will be $420 billion - a 90 percent increase in just four years - the report said.

"Our annual report demonstrates that smart energy is no longer a niche market," said Kerry-Ann Adamson, Pike research director. "The overall smart energy market is now growing at such a pace that it represents over 10 percent of the global annual additional capacity forecast by the International Energy Agency between now and 2020."

Pike Research's "Smart Energy Annual Report 2012" provides a comprehensive view of the smart energy market across three main application sectors - renewable energy production, energy storage and energy conversion devices.

Pike Research is a clean technology market research and consulting firm. For more information, visit www.pikeresearch.com.



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