NEW YORK, Dec. 22, 2014 /PRNewswire/ -- Energy efficiency has become a central part of corporate and government strategies to reduce carbon emissions and manage assets in a more strategic manner. The global market for energy efficient buildings is thus supported by country- and region-wide legislation and initiatives. Governments worldwide are introducing policies aimed at promoting energy efficiency through incentives, prescriptive measures, building codes, and other means. Coupled with rising energy prices, these policies are driving governments and organizations to adopt new technologies to monitor and control energy use in buildings.
Technology- and service-level innovation show the market's response to the growing interest in and proven cost-effectiveness of energy efficient products and services for buildings. Energy efficient technologies such as LED lighting are seeing improved performance and lower prices. At the same time, building automation and controls software is leveraging the increase in data availability and analytical capabilities to identify a range of low and no cost performance improvements. According to Navigant Research, the global market for energy efficient building products and services is expected to grow from $307.3 billion in 2014 to $623.0 billion in 2023.
This Navigant Research report analyzes the global market for commercial building energy efficient products and services. The study summarizes the market drivers and barriers for energy efficient products and services, including the services provided by energy service companies (ESCOs) through energy performance contracting, across the policy and technology landscape in seven regions. Global market forecasts for revenue, broken out by product and service, building type, construction type, and region, extend through 2023. The report also examines the key technologies related to energy efficient building products and services, as well as the competitive landscape.
Key Questions Addressed:
What are the key market forces influencing the adoption of energy efficient building solutions?
Which barriers are preventing the energy efficient building market from ramping up more dramatically?
What are the major energy consumption trends for commercial buildings?
How quickly is energy efficient building technology revenue expected to grow through 2023 for each of the technologies considered?
Which regions are experiencing the strongest market growth for energy efficient building products and services?
Who needs this report?
Heating, ventilation, and air conditioning (HVAC) system and controls manufacturers
Lighting equipment and controls manufacturers
Building energy management software vendors
Building facility management companies
Energy service companies (ESCOs)
Utilities
Government agencies
Investor community
Read the full report: http://www.reportlinker.com/p02560133-summary/view-report.html
About Reportlinker
ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - instantly, in one place.
http://www.reportlinker.com
__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/energy-efficient-buildings-global-outlook-advanced-hvac-lighting-water-efficiency-building-controls-energy-management-systems-and-energy-service-companies-global-market-analysis-and-forecasts-300013046.html
SOURCE Reportlinker
