by Brianna Crandall — September 5, 2016 — Building owners and managers can benefit from a new report from Navigant Research that examines the state of the global market for energy efficiency commercial building retrofits in small and medium 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. Global revenue for the market is expected to grow from $71.4 billion in 2016 to $100.8 billion in 2025.
Commercial buildings consume a considerable amount of energy, and energy efficiency retrofits are a critical step toward reducing energy demand, increasing energy security, and lowering harmful gas emissions, reminds Navigant Research. Commercial building owners and tenants also see significant benefits from energy efficiency in the form of increased property value, improved worker satisfaction, and the availability of green marketing efforts.
Alvin Chen, research analyst with Navigant Research, commented:
Worldwide, countries are making commitments to reduce greenhouse gas emissions to mitigate climate change. Energy efficiency retrofits will be a key component toward reducing existing energy consumption and reducing the need for new generation.
Steady global growth in the market for energy efficiency commercial building retrofits is expected during the next decade, according to the report. The Asia-Pacific region is expected to lead in revenue market share with 36 percent in 2016, driven by an increase in regulations and incentives specifically in China and Japan.
The report, Energy Efficiency Retrofits for Small and Medium Commercial Buildings, provides a comprehensive examination of the state of the global market for energy efficiency retrofits in commercial and public buildings. The report 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.
Global market forecasts for revenue, broken out by region, product and service type, and building type, extend through 2025. The report also assesses the key demand drivers and market dynamics that will contribute to market growth, as well as the competitive landscape. An Executive Summary of the commercial building retrofits report is available for free download on the Navigant Research Web site, and the complete report is available for purchase online.
