Emerging Drivers to Drive Grid-Interactive Efficient-Building Display Market Growth at 18.6% CAGR Through 2029

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Grid-Interactive Efficient-Building Display Market Size Growth Forecast: What to Expect by 2025?
The market size for grid-interactive efficient-building displays has seen substantial growth in recent times. From 2024 to 2025, it will expand from a value of $2.07 billion to $2.46 billion, indicating a compound annual growth rate (CAGR) of 19.0%. The expansion during the historic period can be credited to factors such as government incentives promoting energy-efficient structures, a surge in electricity costs, increased operational costs for commercial properties, rising urbanization, and a thriving commercial real estate sector.

How Will the Grid-Interactive Efficient-Building Display Market Size Evolve and Grow by 2029?
The market size of grid-interactive efficient-building displays is forecasted to experience substantial expansion in the coming years. By 2029, it is expected to reach $4.87 billion, with a compound annual growth rate (CAGR) of 18.6%. The anticipated growth within this period is due to factors such as governmental investment in energy infrastructure, an escalating demand for sustainable office spaces, increasing cognizance of climate change, and growing consumer awareness of energy consumption. There is also a rising trend for green buildings. Significant forecast period trends encompass the integration of building systems into smart grid infrastructure, the advent of blockchain technology in energy transactions, the creation of smart energy dashboards, the growing adoption of ESG-compliant building systems, and the expansion of public-private collaboration in smart building initiatives.

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What Drivers Are Propelling the Growth of Grid-Interactive Efficient-Building Display Market Forward?
The growth of the grid-interactive efficient-building display market is likely to be stimulated by the escalating integration of renewable energy sources. Renewable energy sources such as sunlight, wind, water, and biomass, which are naturally and constantly replenished, are increasingly being integrated due to the reduction in their costs. Technological advancements and economies of scale have made these energy sources more affordable, challenging the traditional energy sources. This integration prompts the need for grid-interactive efficient-building displays, as these provide real-time monitoring and control systems to harmonize energy usage with fluctuating renewable energy supplies. This ensures changing energy use is efficient and steady. As an example, a report published by the International Energy Agency in July 2023 revealed a notable increase of 270 terawatt-hours (26%) in solar photovoltaic (PV) generation. The installed power capacity of solar PV is anticipated to overtake that of coal by 2027, becoming the largest power capacity source globally. Hence, the escalating integration is fueling the growth of the grid-interactive efficient-building display market. Furthermore, the increasing investments in smart grid infrastructure are also set to drive forward the growth of this market. The smart grid infrastructure is an enhanced electricity network set up with digital technology and automatic systems to efficiently manage and optimize energy production, distribution, and use. As these systems help in reducing energy losses, preventing outages, and incorporating renewable energy sources effectively, more investment is being made in their development. This is creating a demand for grid-interactive efficient-building displays which allows real-time energy use monitoring and better grid coordination. For instance, a report from the International Energy Agency in July 2023 highlighted a $155 billion funding initiative in Japan to facilitate smart power grid development. Hence, the rising investments in smart grid structure are stimulating the growth of the grid-interactive efficient-building display market.

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What Are the Key Segments in the Grid-Interactive Efficient-Building Display Market?
The grid-interactive efficient-building display market covered in this report is segmented as

1) By Components: Hardware, Software, Services
2) By Connectivity: Wired, Wireless
3) By Building Type: Residential, Commercial, Industrial
4) By Application: Energy Management, Demand Response, Building Automation, Monitoring And Visualization, Other Applications
5) By End-User: Building Owners, Facility Managers, Utilities, Other End Users

Subsegments:
1) By Hardware: Smart Meters, Environmental Sensors, Building And HVAC Controllers, Lighting Controllers And Smart Switches, Batteries Or Storage Systems, Solar PV And On-Site Generation Units, Gateways And Routers, Display Panels And Consoles
2) By Software: Building Energy Management Systems, Predictive Analytics And Forecasting Tools, Fault Detection And Diagnostics Software, Optimization And Control Algorithms, Simulation And Modelling Tools, Visualization Dashboards And Reporting, Cloud-Based Platforms, Cybersecurity Software
3) By Services: Consulting And Design Services, Installation And Commissioning, System Integration, Maintenance And Support, Managed Services And Remote Monitoring, Training And Education, Retrofit And Upgrade Services, Measurement And Verification

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Who Are the Key Players Shaping the Grid-Interactive Efficient-Building Display Market's Competitive Landscape?
Major companies operating in the grid-interactive efficient-building display market are Honeywell International Inc., Johnson Controls Inc., Trane Technologies Plc, Enel X Inc., Enphase Energy Inc., sonnen GmbH, Span.io Inc., Uplight Inc., Voltus Inc., GridPoint Inc., AutoGrid Systems Inc., EnergyHub Inc., CPower, Virtual Peaker Inc., Sunverge Energy Inc., Edo Energy, Tesla Energy, Generac Grid Services, Leap, BuildingIQ Inc.

What Geographic Markets Are Powering Growth in the Grid-Interactive Efficient-Building Display Market?
North America was the largest region in the grid-interactive efficient-building display market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in grid-interactive efficient-building display report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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