29 Nov '11, 7pm

Spending on Building Energy Efficiency to Boom in Next 5 Years

Spending on Building Energy Efficiency to Boom in Next 5 Years

As we've been saying for many years at GreenBiz.com, building energy efficiency may not be sexy , but it is big business. According to a recent report, it's going to get a whole lot bigger. Pike Research predicts the building energy efficiency market will soar more than 50 percent between now and 2017 to $103.5 billion. Among the leading factors: an active stable of energy service companies (ESCOs) and aggressive efficiency policies being enacted around the world. High-efficiency equipment, such as HVAC (heating, ventilation and air conditioning) and lighting, will become more desirable in the coming years, according to the Pike report, "Energy Efficient Buildings: Global Outlook ." The market for high-efficiency HVAC systems, for example, will more than double to $6.4 billion between 2011 and 2017. ESCOs will see their fortunes rise handsomely as well, with global revenue...

Full article: http://www.greenbiz.com/blog/2011/11/29/spending-building...

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