LONDON, Jan. 9, 2017 /PRNewswire/ -- Use this report to:
- Examine the renewable energy and energy-efficient technologies used in building applications and assess their emissions reduction potential.
- Assess global markets for various renewable energy and energy-efficient technologies used in building applications.
- Identify advanced materials and devices that are used in renewable energy systems.
- Pinpoint new materials and devices that are likely to be introduced into renewable energy systems in the next five years and their expected market impacts.
- The global market for renewable energy and energy-efficient technologies in building applications reached $294.0 billion in 2015. The market should reach $318.7 billion and $492.0 billion in 2016 and 2021 respectively, increasing at a compound annual growth rate (CAGR) of 9.1% from 2016 to 2021.
- The global market for interior energy efficient technologies in building applications reached $151.8 billion in 2015. The market should reach $166.5 billion and $267.9 billion in 2016 and 2021 respectively, increasing at a CAGR of 10% from 2016 to 2021.
- The global market for exterior energy efficient technologies in building applications reached $119.8 billion in 2015, and should reach $129.4 billion and $194.7 billion in 2016 and 2021 respectively, increasing at a CAGR of 8.5% from 2016 to 2021.
Introduction & Scope
The world today relies heavily on fossil fuels (e.g., oil, coal and natural gas) as energy sources. Fossil fuels are non-renewable; that is, they are sourced from finite resources that will eventually be consumed until limited supplies remain, ultimately becoming too expensive or environmentally damaging to extract. In contrast, multiple forms of renewable energy resources, such as solar, wind, hydroelectric and geothermal, are regularly replenished and will never exhaust. The sun provides the majority of renewable energy, in both direct and indirect forms.
Sunlight, or more accurately referred to as solar energy, can be directly used for lighting buildings, generating electricity, air and water heating, solar cooling, and a variety of commercial and industrial uses. Solar heat also drives wind currents, the energy of which can be captured with wind turbines. When wind and solar heat evaporates water, the water vapor is converted into rain or snow, flowing downhill into rivers or streams, or back toward earth in downspouts that provide drainage for building roofs. This energy can then be captured using hydroelectric power. Geothermal energy technologies source the earth?s internal heat for a variety of uses, including electric power production, and the heating and cooling of buildings.
The world will ultimately deplete its current finite sources of energy or deplete to the point where economic viability to recover the finite energy sources no longer exists; thus, it remains important to seek renewable energy options and develop and perfect the respective technologies before issues arise yet again in the future. Buildings today are a leading global consumer of energy, with this trend likely to continue well into the future, primarily driven by economic and population growth. This trend is increasingly recognized by a multitude of countries worldwide. Federal, state and local governments perceive investing in ?green? energy technologies for new and existing buildings as an opportunity to achieve greenhouse gas reduction targets. Consequently, energy efficiency in buildings has evolved into a major factor of the green movement in recent years, with these factors driving the increased importance of energy efficiency in buildings as a whole.
Energy efficiency has long been pursued by individual companies as a potential source of cost-savings, competitive and comparative advantage, and studies have typically been concentrated within individual sectors. Concerns about climate change have led to energy efficiency being considered ?the fifth fuel,? as energy efficiency can reduce carbon dioxide (CO2) emissions just as surely as can renewable fuel sources. Multiple regulatory measures supporting energy efficiency initiatives and building codes have evolved since the initial recognition of the importance of energy efficiency in buildings, coupled with the drive to limit energy consumption and use. While it may
be a relatively simple task to ensure that new buildings meet energy efficiency standards, it is also important to ensure that existing buildings are energy-efficient.
Unless the issues of energy consumption of new and existing buildings are adequately addressed, any attempt at achieving energy independence through energy efficiency in buildings will likely end in failure. As a whole, significant strides have been made toward global development and use of renewable energy and energy-efficient technologies, both within building applications and as a source of green energy. These trends provide an opportunity for both existing players and new entrants into the building applications market for the related technologies. This BCC Research report analyzes these new developments and their potential impact on industry participants.
STUDY GOALS AND OBJECTIVES
The primary objective of this study is to quantify and forecast the market for various renewable energy and energy-efficient technologies used in building applications. Specific secondary objectives also include the following:
- Identifying advanced materials and devices that are used in renewable energy systems.
- Analyzing and predicting trends in the most likely application(s) for each of these materials and devices to determine the commercial viability of a certain technology segment.
- Pinpointing new materials and devices that are likely to be introduced into renewable energy systems in the next five years and their expected market impacts.
- Drawing attention to manufacturers of renewable-energy systems and associated advanced materials and devices that are most likely to benefit from the trends identified above.
- Determining how the growth of residential and non-residential buildings will likely affect building energy consumption in different regions of the world.
- Examining the renewable energy and energy-efficient technologies used in building applications and assessing their emissions reduction potential.
- Identifying and assessing emerging technologies that could compete with or replace existing technologies used for these applications.
This report examines the numerous government-driven initiatives and financial incentives of both the renewable energy and energy-efficient technology industries in different global regions. With an in-depth patent analysis, the report also seeks to highlight the emerging technologies that are likely to drive both industries, in the present and future.
RATIONALE FOR CONDUCTING THIS STUDY
Several substantial, durable drivers are expanding the potential market for renewable energy and energy-efficient technologies in buildings across the world. Spearheading the initiative is rising global concern about the environment and CO2 emissions, trends toward moving away from energy reliance and toward energy independence, and the impact of human presence on earth. With the burgeoning increase in human activity and consequent increase in buildings of various types, energy consumption is likely to rise even further. Thus, there remains a significant need for buildings to be environmentally clean, energy-independent (or at least in-part) and energy-efficient. This infers that not only will new buildings need to conform to the new evolving building, energy and carbon emission standards, but also that there remains a necessity for existing buildings to also be energy-efficient and self-sustainable from an energy demand perspective. This in-turn creates major
opportunities for different renewable energy and energy-efficient technologies (both current and emerging), given their significant potential to reduce total energy consumption and eliminate energy dependence altogether.
The report is intended particularly for manufacturers and distributors of renewable energy and energy-efficient technologies used in building applications, and related industry segments. Although the report is structured around specific technologies, it is largely nontechnical in nature, concerned less with theory and jargon than with what works, how much of the latter the market is likely to purchase and at what price. This report?s primary audience consists of executive management, marketing and financial analysts, engineering firms, architects, building owners, energy service providers, entrepreneurs, individual investors and investment groups, venture capitalists, and other readers with a need to understand where the market for renewable energy and energy-efficient technologies used in building applications is headed over the next five years.
Others audiences who should find the report informative include, but are not limited to:
- Manufacturers and vendors of renewable-energy systems, both building-integrated systems and those targeting advanced materials and devices for related renewable-energy markets.
- Members of renewable-energy and energy-efficient technology-specific trade, professional and advocacy organizations.
- Officials of government agencies and multinational organizations responsible for optimizing energy consumption and promoting the use of renewable energies and energy-efficient technologies.
- Governmental and non-profit organizations/agencies focusing on energy initiatives.
- Environmental and public policy interest groups with an interest in sustainable development, the environment, energy and worker health.
- Energy research and policy communities.
- Market research groups.
- Academic institutions.
The study employed both primary and secondary research methodologies to acquire data and generate the rigorous analysis required for it. Primary sources for information included analysis of data from and interviews with industry executives, subject matter experts, producers and users of renewable energy and energy-efficient technologies, advanced materials and devices vendors related to renewable energy technologies, building owners, architects, engineers, managers, economists, consultants, marketing groups, governmental and non-governmental organizations, related technology associations, professional and manufacturing associations, academic research
organizations and regulatory agencies.
Secondary sources for information included:
- World Intellectual Property Organization (WIPO).
- International Energy Agency (IEA).
- U.S. Department of Energy (DOE).
- U.S. Energy Information Administration (EIA).
- U.S. Environmental Protection Agency (EPA).
- U.S. Patent and Trademark Office (USPTO).
- U.S. Census Bureau.
- U.S. Green Building Council (USGBC).
- Canadian Office of Energy Efficiency (OEE).
- Canadian Mortgage and Housing Corporation (CMHC).
- United Nations (UN).
- European Union (EU).
- European Commission.
- European Community (EC).
- European Environment Agency (EEA).
- Danish Ministry for Energy, Utilities, and Climate.
- Chinese National Energy Commission (NEC).
- Indian Ministry of New and Renewable Energy (MNRE).
- Japan Agency for Natural Resources and Energy (ANRE).
- Korean Energy Agency (KEA).
- Taiwanese Bureau of Energy.
- Australian Department of Industry, Innovation, and Science (DIIS).
- Brazilian Ministry of Mines and Energy (MME).
- Mexican Energy Ministry.
- Ministry of Energy of the Russian Federation (Minenergo).
- South African Department of Energy.
- The Energy Star program.
- Trade publications.
- Trade associations.
- Industry associations.
- Company literature and websites.
- Company annual reports.
- S&P industry surveys.
- Online databases.
- BCC Research (related reports).
The report?s market and financial analysis was based on data obtained from primary and secondary sources. Interview data was combined with information gathered through an extensive review of secondary sources such as trade publications, trade associations, company-specific literature and reports, and online databases to produce the baseline market estimates contained in this report. The author?s own insights and rigorous use of numerical and statistical tools were employed to generate the forecasts and comprehensive analyses of the global renewable energy and energy-efficient technology market segmented by geographic region, country, building segment and technology.
SCOPE OF THE REPORT
This report provides a detailed review of the global market for technologies utilized in the manufacture and use of renewable energy and energy-efficient technologies in building applications. To help the audience fully understand the market opportunity for these technologies, the report is first geographically segmented into the following regions, with multiple countries individually analyzed:
- North America.
- Asia-Pacific (APAC).
- Rest of the World (RoW).
For each country and its respective geographical region, the report analyzes key market traits, market drivers and industry-specific attributes to effectively explain the market opportunity for renewable energy and energy-efficient technologies used in building applications, including:
- Floor space (by building segment).
- Energy consumption (by building segment).
- Energy expenditures (by building segment).
Using all data gathered to quantify the market for renewable energy technologies by geographical region and technology, this report first analyzes multiple renewable energy technologies with current or potential use in building applications, including:
- Solar photovoltaics (PV).
- Solar thermal (ST).
- Wind energy.
- Small hydropower energy.
- Geothermal energy.
The remainder of the study utilizes all gathered data to quantify the market for energy-efficient technologies in building applications by geographical region, country and technology segment for the following energy-efficient technologies:
- Heating, ventilating, and air-conditioning (HVAC).
- Energy-efficient lighting.
- Smart meters.
- Energy-efficient windows.
- Weather barriers and efficient insulation.
- Energy-efficient roof coverings.
The report format includes the following major elements:
- Executive summary.
- Overview that includes the importance of renewable energy and energy-efficient technologies in building applications, environmental benefits of green building, industry structure, trends in buildings, external factors affecting energy efficiency sectors, key definitions and global technology trends.
- Key enabling technologies for renewable energy and energy-efficient technologies used in building applications, including advanced materials and devices with current or potential applications in renewable energy systems, and their commercial or developmental status.
- Developments that will influence commercial prospects/demand for renewable energy and energy-efficient technologies in building applications.
- Key patent and patent application analyses.
- Government programs and policies in support of renewable energy and energy-efficient technologies.
- Technology vendor/company profiles, including manufacturers and related service providers.
- Global trends and projections in the market for renewable energy and energy-efficient technologies in building applications by technology, product type, application, building segment, geographical region and country, from 2015 to 2021. Lastly, the estimated market values used are based on manufacturers? total revenues.
The methodologies and assumptions used to develop the market projections in this report are discussed at length under the various technology types and geographical regions addressed. The report carefully documents data sources and assumptions so that readers can see how the market estimates were developed and, if they wish, test the impact on the final numbers of changing various assumptions, such as price or market penetration. Market projections were developed for 2016 through 2021. These projections are based on a combination of a consensus among the primary contacts combined with
BCC Research?s understanding of the key market drivers and their impact from a historical and analytical perspective. In general, BCC Research used the following approaches:
- Identified renewable energy and energy-efficient technologies used in (or the potential to be used in) residential and non-residential building applications and their target markets through a literature review and interviews with primary sources and industry experts.
- Estimated a baseline (2015) market penetration ratio for each technology and target market segment within each geographical region and respective countries based on key data gathered from the literature review, interviews with primary sources and industry experts, and other information sources discussed previously.
- Developed forecasts of growth trends in each target market segment.
- Analyzed technical, economic, governmental/legislative, and other factors that will influence the ability of different renewable energy and energy-efficient technologies to compete for a share of their respective building sector market(s), and estimated future consumption of each technology on this basis.
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