by Shane Henson — July 20, 2012—According to a new report from Pike Research, a market research and consulting firm providing analysis on global clean technology markets, the global market for energy efficiency retrofits will expand from $80.3 billion in 2011 to $151.8 billion by 2020, a rapid expansion that will benefit the environment, building owners, tenants and communities alike.
The report, Energy Efficiency Retrofits for Commercial and Public Buildings examines the global market landscape for energy efficiency retrofits in commercial and public buildings, including analysis and forecasts for eight different building types as well as eight product and service categories. The report covers key industry drivers by world region, including regulatory and policy factors as well as market-based factors and economic considerations. More than 50 industry players are profiled in depth, and energy efficiency retrofit revenue forecasts, segmented by world region and key countries, extend through 2020.
According to the report, Western Europe will remain the largest market for energy efficiency retrofits in commercial and public buildings, but its share of world revenues will drop from 41% in 2011 to 37% in 2020. Essentially equaling Western Europe, Asia Pacific, which represented 32% ($26 billion) of the revenue stream in 2011, will increase to 36% ($54.6 billion) by 2020. North American energy efficiency revenues will more than double over the remainder of the decade, increasing to $35.3 billion by 2020.
