Feb 19 2010
Today Pike Research announced the launch of its new Building Efficiency Advisory Service. This subscription-based service is an independent and objective business information tool that provides clients with in-depth market analysis focused on the burgeoning green building and energy efficiency sectors. The service covers green building techniques and certification programs, efficiency retrofits, energy management systems, and advanced building automation and control technologies.
“Buildings consume more than 70% of all electricity produced, and as such they are a prime candidate for energy efficiency improvements,” says managing director Clint Wheelock. “These initiatives take many forms, from greener design and construction techniques to cutting-edge energy management systems that incorporate the latest information and communication technologies.”
As part of its Building Efficiency service, Pike Research’s industry analysts offer timely and actionable market insights, covering specific technology and business sectors as well as overall market conditions and trends. Research reports include an in-depth examination of business models, technology issues, policy and regulatory factors, the competitive landscape, and market sizing, segmentation and forecasting.
A few of Pike Research’s key findings and forecasts about the rapidly-evolving Building Efficiency market include the following:
- The total market opportunity for major energy efficiency retrofits in commercial buildings is approximately $400 billion over the coming years. This addressable market represents 20 billion square feet of building space, out of the United States’ total building stock of more than 70 billion square feet. Much of the motivation for property owners to undertake retrofits lies in the increased property values enjoyed by green buildings.
- The Energy Service Company (ESCO) market is poised for strong growth in the coming years, and Pike Research analysts forecast that ESCO revenues will increase from $5.6 billion in 2009 to nearly $19.9 billion by 2020 under a base case scenario. In a more aggressive growth scenario that includes Property Assessed Clean Energy (PACE) financing and robust carbon legislation, the firm expects that the ESCO market could grow as large as $37.6 billion by 2020.
- Investment in Energy Management Systems (EMS) for commercial buildings will total $67.6 billion during the period from 2010 to 2020. By 2020, Pike Research forecasts that annual EMS revenues will reach $6.8 billion.
- The residential energy efficiency market will grow from $49.9 billion in 2009 to $77.4 billion in 2014, a 55% increase. This sector includes home energy auditing, energy efficient home improvements, and Energy Star certified appliances.
Source: http://www.pikeresearch.com