The Market for Energy Efficiency Retrofits in Commercial Buildings Will Nearly Double by 2020, Reaching $152 Billion Worldwide

July 9, 2012

Efforts to retrofit commercial and public buildings to make them more energy-efficient have many different drivers, including a sense of social responsibility to reduce greenhouse gases (GHGs) and carbon footprints, an attempt to retain tenants and gain a market edge in a competitive building market, and, above all, the desire to reduce operational costs by reducing energy consumption.  Regardless of the motivation, energy efficiency retrofits represent a rapidly growing market that will benefit the environment, building owners, tenants, and communities alike.  According to a new report from Pike Research, this global market will expand from $80.3 billion in 2011 to $151.8 billion by 2020.

“Retrofitting existing buildings offers one of the most cost-effective ways for a business to reduce its operating expenses,” says senior analyst Eric Bloom.  “Many energy conservation measures can be implemented within strict investment criteria, and a growing number of financial instruments are deepening the scope of energy efficiency retrofits, driving continued investment in energy efficient HVAC, lighting, and control systems.”

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.

Pike Research’s 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.  An Executive Summary of the report is available for free download on the firm’s website.

Contact: Richard Martin

+1 303 997 7609

press@navigantresearch.com

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Research News

Rss
Networking and Communications Equipment for Commercial Building Automation Systems Will Reach $34.7 Billion in Annual Revenue by 2021
April 17, 2014Web-based dashboards and IP-enabled devices are key market enablers, report finds • Offering automated, granular, real-time control of every major system within commercial buildings, networked building…
Read More »
Utility Investment in Conservation Voltage Reduction Will Total Nearly $4.5 Billion from 2014 to 2020
April 16, 2014Advanced CVR could save 40 million megawatt-hours annually, report concludes • One of the latent benefits of smart meter technology, or advanced metering infrastructure (AMI),…
Read More »
Annual Sales of Hybrid and Electric Trucks Will Reach Nearly 105,000 by 2020
April 15, 2014Hybrid, plug-in hybrid, and battery electric vehicles will each have specific niches, report finds • Despite government support, such as funding under the United States’ economic stimulus efforts, the…
Read More »
Natural Gas Trucks and Buses on the Road Worldwide Will Reach 3.7 Million by 2022
April 14, 2014Expansion of refueling infrastructure will be a key market driver, report finds • New drilling techniques and pipelines have made natural gas (NG) a significantly more competitive…
Read More »
View All News

{"userID":"","pageName":"The Market for Energy Efficiency Retrofits in Commercial Buildings Will Nearly Double by 2020, Reaching $152 Billion Worldwide","path":"\/newsroom\/the-market-for-energy-efficiency-retrofits-in-commercial-buildings-will-nearly-double-by-2020-reaching-152-billion-worldwide","date":"4\/19\/2014"}