Energy-Efficient Building Market Growth, Size, Overview and Forecast

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Energy-Efficient Building Market Analysis, Share and Size, Emerging
Trends, Overview and Outlook, Growth And Segment Forecasts To
2020
Technavio Announces the Publication of its Research Report – Global Energy-Efficient Building Market
2016-2020
Technavio recognizes the following companies as the key players in the global energy-efficient building
market: Honeywell, Johnson Controls, Schneider Electric, and Siemens.
Other Prominent Vendors in the market are: ABB, Building IQ, EnerNOC, GridPoint, and Pacific Controls.
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Commenting on the report, an analyst from Technavio’ s team said: “Rising energy prices will be a key
trend for market growth. Constant depletion of energy from natural resources without replenishment
and a simultaneous increase in energy demand from various residential and commercial operations have
resulted in a marked increase in energy cost over the years. For example, in the US, average electricity
price for retail and residential sectors notched up a 2.3% annual growth rate from 2008-2015. This has
led to the growing demand for energy-efficient buildings worldwide. The focus has shifted from energy
generation to energy conservation. The aim of designing these buildings is to improve the operational
efficiency and slash overall energy costs. Moreover, they are also designed to help in the conservation of
fossil fuels, thereby reducing the overall impact on the environment.”
According to the report, one of the key drivers will be the need to enhance energy efficiency in existing
buildings. The purpose of having green buildings is to ensure a sustainable energy resource for efficient
operations. These energy-efficient buildings utilize renewable and recyclable energy and also focus on
conserving the energy wherever possible. The gap between green and non-green buildings can be filled
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up by improving the efficiencies of the existing non-green buildings by a process called retrofitting. It
essentially involves insulating the buildings and installing energy efficient fixtures. LEED EBOM, in the
US, specializes on improving the energy efficiency of the existing buildings.
Further, the report states that one of the challenges for the market will below consumer awareness
about energy-efficient buildings. Low consumer awareness regarding energy-efficient buildings is a
major deterrent to the potential growth of the market. End-users are unaware of the benefits that green
buildings offer. In quite a few cases, end-users are required to perform complicated calculations to
understand the financial benefits of the energy-efficient project. The attention of consumers is yet to be
drawn toward the importance and benefits of energy-efficient buildings. Until the time its value is
realized, it continues to be an obstacle to the market growth.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About Energy-efficient Buildings
The global energy-efficient building market is expected to see steady growth during the forecast period.
This is primarily attributed to the need for energy management, increase in technological
advancements, and increase in the number of green buildings. Energy-efficient products and services
provide significant benefits to a broad range of end-users, such as residential, IT parks, hotels,
restaurants, manufacturing plants, government institutions, and retail outlets. The use of energyefficient building products not only increases energy efficiency but, with the help of sensors, can also
detect movement in and around the premises and inform or update consumers about any activity. Such
measures address the rising safety and security concerns. Globally, there has been an increase in the
number of shipments of sensors and it is expected to grow during the forecast period.
Technavio’ s analysts forecast the global energy-efficient building market to grow at a CAGR of 9.6%
during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global energy-efficient building
market for 2016-2020. To calculate the market size, Technavio considers the products and services
offered in the global energy-efficient building market. The products segment includes HVAC, lighting
technologies, controls, BEMS and HEMS.
The market is divided into the following segments based on geography:
• Americas
• APAC
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• EMEA
Technavio's report, Global Energy-Efficient Building Market 2016-2020, has been prepared based on an
in-depth market analysis with inputs from industry experts. The report covers the market landscape and
its growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
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The report covers the present scenario and the growth prospects of the global energy-efficient building market for 2016-2020.