HVAC, Lighting, Building Controls, Water Efficiency, Water Heating, Building Envelope, Energy Production, Commissioning, Installation, and ESCOs: Global Market Analysis and Forecasts
The world economy is becoming increasingly constrained by energy cost, energy availability, and energy-related environmental regulations. Many countries, especially the developing nations in Southeast Asia and other regions, are looking to shore up their energy supply structure and identify measures to address energy demand issues. On a global scale, buildings (both residential and commercial) account for 35% to 40% of total final energy consumption. Commercial buildings, for example, consume a considerable amount of energy related to HVAC, lighting, water heating, and various other building functions.
With the continued challenge of climate change, more countries are implementing measures that will reduce energy consumption and GHG emissions. The increasing deployment of energy efficiency retrofits for commercial and public buildings provides an important pathway for increasing energy security, reducing - or even decreasing - energy demand, reducing GHG emissions, and reducing demand for new energy production and distribution facilities. Energy efficiency retrofits can also be used by commercial building owners and tenants to support greening and green marketing efforts. Navigant Research forecasts that global revenue for energy efficiency commercial building retrofits will grow from $68.2 billion in 2014 to $127.5 billion in 2023.
This Navigant Research report examines the global market opportunity for energy efficiency retrofits in eight different commercial and public building types. The report analyzes the key market and technology issues related to energy efficiency retrofits, with a focus on the following product and service types: HVAC, lighting, controls, water efficiency, water heating, building envelope, power generation, commissioning, installation, and energy service companies (ESCOs). Global market forecasts for revenue, segmented by region, product and service type, and building type, extend through 2023. The report also assesses the demand drivers, business models, and standardization and regulatory factors related to energy efficiency commercial and public building retrofits and profiles the key industry players in this market.