BOULDER, Colo.--(BUSINESS WIRE)--A new report from Navigant Research examines the state of the global market for energy efficiency retrofits in 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.
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. 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. Click to tweet: According to a new report from @NavigantRSRCH, global revenue for energy efficiency commercial building retrofits is expected to grow from $71.4 billion in 2016 to $100.8 billion in 2025.
“Worldwide, countries are making commitments to reduce greenhouse gas emissions to mitigate climate change,” says Alvin Chen, research analyst with Navigant Research. “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. Asia Pacific 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 Commercial and Public 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 report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Energy Efficiency Retrofits for Commercial and Public Buildings, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.