Commercial, Demand Management, Energy Efficiency  -  July 18, 2016

Global energy efficiency retrofits for buildings on the rise, report finds

Global revenue for energy efficiency retrofits in commercial buildings is expected to grow from $71.4 billion in 2016 to $100.8 billion in 2025, according to a new report from Navigant Research. 

The report examines the state of the global market for energy efficiency retrofits in commercial and public buildings, with analysis of market and technology issues, plus global market forecasts segmented by region, product and service type, and building type, through 2025.

Navigant said in announcing the report's release that commercial building owners and tenants see significant benefits from energy efficiency in the form of increased property value, improved worker satisfaction, and the availability of green marketing efforts.

Steady global growth in the market for energy efficiency commercial building retrofits is expected during the next decade, according to the report. Asia Pacific is expected to lead in revenue market share with 36% in 2016, driven by an increase in regulations and incentives specifically in China and Japan.

The report, Energy Efficiency Retrofits for Commercial and Public Buildings, analyzes the significant market and technology issues related to energy efficiency retrofits, with a focus on the following product and service types: HVAC, lighting, building controls, water efficiency, water heating, building envelope, energy production, commissioning, and installation. An executive summary is available on Navigant's website.

Read These Related Articles:

• C&I energy storage industry annual revenue to hit $10.8B by 2025, study finds
• Mayors' survey reveals strong support for LED lighting, energy efficient buildings, solar tech
• CoStar partners with DOE to include building energy efficiency, performance in database
• C&I demand response to total $2.9 billion in 2027
• Report: 2017 global plug-in vehicle sales pass 1M