Los Angeles, January 28, 2020 -Titled “Global Energy Efficiency in Commercial Buildings Market Size, Status and Forecast 2019-2025,” a report authored by QY Research analysts includes accurate forecasts for the global energy efficiency in commercial buildings market. According to the authors of the report, the global energy efficiency in commercial buildings market is expected to expand at a tremendous CAGR of 12.0% between 2019 and 2025. By the end of 2025, the global market value is projected to reach above US$60.0 Bn. In 2018, it touched over US$25.0 Bn.
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Increasing Demand for Green and Smart Building Solutions: Energy retrofit programs are among the popular energy efficiency solutions used in commercial buildings. They help to reduce environmental impact, improve indoor environment, and save energy costs while enhancing energy efficiency. Some of the other leading factors expected to strengthen the demand for energy efficiency in commercial buildings are:
● Strong demand for smart buildings
● Increasing energy costs
● Government building energy performance programs
● High demand for green building solutions
● Need to reduce energy footprint
Trend of Smart Offices and Need to Reduce Office Electricity Bills: On the basis of product type, the global energy efficiency in commercial buildings market is segmented into energy management, lighting, and HVAC. The authors of the report have also segmented the global energy efficiency in commercial buildings market into schools, hospitals, stadiums, shopping malls, retain chains, offices, and hotels and restaurants. Energy efficiency retrofits are used in mixed-use office spaces to improve energy performance and increase affordability for tenants. The demand for energy efficiency in commercial buildings such as offices is anticipated to increase with the introduction of advanced solutions such as IoT platforms, big data analytics, and real-time data. The rising trend of smart offices could also contribute to the growth of the global energy efficiency in commercial buildings market.
North America as Lucrative Region: Following could be the key drivers of the North America energy efficiency in commercial buildings market.
● High adoption of energy efficiency technologies in commercial applications
● Strong renewed government focus on energy efficiency
● Tough competition from European countries in terms of energy efficiency
● Favorable financing environment supporting energy efficiency projects
● High energy demand with increasing economic activity and building construction
Collaborating with Commercial Real Estate Developers: The report covers leading players in the global energy efficiency in commercial buildings market, including Johnson Controls, Logical Buildings, Siemens, Honeywell, Cylon Controls, Eaton Corporation, Spacewell, Carrier (UTC), Coolnomix, Schneider Electric, GridPoint, Fujitsu General, Technovator International, Emerson Electric, Danfoss, General Electric, Carel, Trane, Hitachi, and Bosch Thermotechnology. Players are expected to partner with commercial real estate companies and introduce more of highly demanded solutions such as web-based, open-source energy analysis tools to expand their consumer base and improve their overall business growth. Some may even focus on launching solutions to help identify commercial building energy efficient retrofit opportunities.
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