North American energy efficiency revenues to double by 2020
By HPAC MagazineGreen Technology HPAC General HVAC Systems Commercial Buildings Commercial Design
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 report from Pike Research, this global market will expand from $80.3 billion in 2011 to $151.8 billion by 2020.