Energy Efficient Building Market Growing at 9.6% CAGR to 2020
PUNE, India, August 15, 2016 /PRNewswire/ --
The global energy-efficient building market 2016-2020 report says 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.
Complete report on energy-efficient building market spread across 61 pages, analyzing 4 major companies and providing 26 data exhibits now available at http://www.sandlerresearch.org/global-energy-efficient-building-market-2016-2020.html.
The analyst forecast global energy-efficient building market to grow at a CAGR of 9.6% during the period 2016-2020. According to 2016 energy-efficient building market 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 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.
Accounting for about 71% of the total share of energy-efficient building market, the product segment dominated this industry during 2015. The segment includes various products such as ventilation systems, lighting technologies, energy management systems, and controls. The rise in a number of new construction activities and the increasing introduction of energy efficiency policies especially in countries such as China, Germany, the US, and the UK will fuel the growth of the green building materials market.
The energy-efficient building market appears to be highly fragmented due to the presence of several vendors who offer a series of smart building systems and services. Vendors offer a complete range of intelligent building systems and provide complete turnkey solutions for buildings. The market is currently dominated by large players, who have a large product portfolio of energy-efficient building products that can be customized to the client's requirement.
The following companies are 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. Order a copy of Global Energy-Efficient Building Market 2016-2020 report @ http://www.sandlerresearch.org/purchase?rname=58594.
Global Energy-Efficient Building Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This 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. To calculate the market size, the considers products and services offered in the global energy-efficient building market. The products segment includes HVAC, lighting technologies, controls, BEMS and HEMS.
Another related report is Global Next-Generation Building Energy Management Systems Market 2016-2020, according to the report a key growth driver is the need for energy conservation. Buildings consume a high amount of electricity, resulting in high energy spending. This mainly depends on building occupancy, i.e., the number of people using electricity for various applications and diverse business operations. For instance, the hospitals in the US consumed 365 trillion BTU of electricity in 2012. About 80% of a building's energy requirements are controlled by BEMS. Browse complete report @ http://www.sandlerresearch.org/global-next-generation-building-energy-management-systems-2016-2020.html.
Explore other new reports on Construction Market @ http://www.sandlerresearch.org/market-research/construction.
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