ENERGY EFFICIENCY GOES BIG

Energy Efficiency Retrofits for Commercial and Public Buildings; HVAC, Lighting, Commissioning, Control Systems, Solar Energy, Water Management, Building Envelope, and ESCOs: Global Market Analysis and Forecasts

2Q 2012 (Pike Research)

“The demand for energy efficiency retrofits in commercial and public buildings comes [first] from…the desire to reduce the energy costs necessary to operate the structure. However, this motivation is not the only reason that energy efficiency retrofits are implemented…

“Many retrofits are undertaken through a sense of social responsibility to reduce greenhouse gas (GHG) emissions and carbon footprints, while others are done to try to retain tenants and gain a market edge in a competitive building market…[or] for the purpose of being able to label the building as being green or environmentally friendly…”

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“No matter what the motivation, energy efficiency retrofits are a rapidly growing market, the result of which will benefit the environment, building owners, tenants, and communities…[C]onsumers and…governments drive the demand for innovative new products to meet the needs of the owners of older buildings who wish to achieve energy savings through the use of building upgrades…

“This demand is met with a host of increasingly efficient products from suppliers of heating, ventilation, and air conditioning (HVAC) equipment, lighting, windows, insulation, control software, and countless other products. Industry participants warn that to achieve a successful retrofit, both in terms of cost and comfort, each building must be addressed as a unique situation. Trying to apply a one-size-fits-all solution across multiple structures is a common pitfall…that results in less energy savings and unhappy building occupants…”

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