The energy efficiency equipments and services market is rising because the national governments are expecting to decrease the usage of energy by enhancing the building stock’s efficiency.
Buildings are one of the main sources that consume energy and therefore it is important to enhance the efficiency in applications, which include heating, ventilation, and air conditioning (HVAC) systems, energy-saving lighting technologies, and business models like energy performance contracting (EPC) that are utilized by energy service companies (ESCOs). In accordance with a latest Pike Research report, the energy efficiency market for buildings will achieve $103.5 billion during 2017, which is an increase of over 50% from the market value in 2011.
Eric Bloom, who is a research analyst, has stated that with reference to the present building stock, ESCOs.are striving to incorporate energy efficiency in buildings worldwide using EPC and other funding mechanisms. The energy efficient device market, which includes efficient lighting and HVAC systems, is transforming, because the trends of eco-friendly buildings have developed an interest in effective systems and continuous cost reduction in efficient lighting technologies like LEDs.
The forecast of Pike Research has shown that the ESCO market will signify the main section of the industry’s energy-efficient buildings in the future, along with the income doubling over from $30.1 billion during 2011 to $66.0 by 2017, globally. Additionally, considerable growth will occur in the high-efficiency HVAC systems market, extending from $3.1 billion to $6.4 billion at the same time.
“Energy Efficient Buildings: Global Outlook”, a report from Pike Research offers information based on the growth and size of the markets of energy efficient buildings, which includes sale of energy efficient lighting from 2011 to 2017, sales of energy efficient HVAC device, incomes from ESCO, key drivers’ qualitative explanation and energy efficiency trends in main markets that target the commercial building segment.
Source: http://www.pikeresearch.com/