The world economy is becoming increasingly constrained by energy cost, energy availability, and energy-related environmental regulations. Many countries, especially the developing nations in Southeast Asia and other regions, are looking to shore up their energy supply structure and identify measures to address energy demand issues. On a global scale, buildings (both residential and commercial) account for 35% to 40% of total final energy consumption. Commercial buildings, for example, consume a considerable amount of energy related to HVAC, lighting, water heating, and various other building functions.
With the continued challenge of climate change, more countries are implementing measures that will reduce energy consumption and GHG emissions. The increasing deployment of energy efficiency retrofits for commercial and public buildings provides an important pathway for increasing energy security, reducing – or even decreasing – energy demand, reducing GHG emissions, and reducing demand for new energy production and distribution facilities. Energy efficiency retrofits can also be used by commercial building owners and tenants to support greening and green marketing efforts. Navigant Research forecasts that global revenue for energy efficiency commercial building retrofits will grow from $68.2 billion in 2014 to $127.5 billion in 2023.
This Navigant Research report examines the global market opportunity for energy efficiency retrofits in eight different commercial and public building types. The report analyzes the key market and technology issues related to energy efficiency retrofits, with a focus on the following product and service types: HVAC, lighting, controls, water efficiency, water heating, building envelope, power generation, commissioning, installation, and energy service companies (ESCOs). Global market forecasts for revenue, segmented by region, product and service type, and building type, extend through 2023. The report also assesses the demand drivers, business models, and standardization and regulatory factors related to energy efficiency commercial and public building retrofits and profiles the key industry players in this market.
Key Questions Addressed:
- How rapidly will energy efficiency retrofits for commercial and public buildings develop through 2023?
- Which product and service types will show the strongest growth?
- Which commercial and public building types will show the strongest growth?
- How important are regulations to continued market development in different regions around the world?
- What are the drivers and barriers for the global market for energy efficiency retrofits for commercial and public buildings?
- What are the expected growth rates for energy efficiency retrofit revenue through 2023 for each of the regions and technologies considered?
Who needs this report?
- Building owners and managers
- Manufacturers and suppliers of retrofit products and services
- Energy service companies (ESCOs)
- Architecture, engineering, and construction firms
- Utilities
- Government agencies
- Industry associations
- Investor community
Table of Contents
1. Executive Summary
1.1 Overview
1.2 Key Market Trends
1.3 Global Market Size and Forecast
2. Market Issues
2.1 Demand Drivers
2.1.1 Initial Motivators for Energy Efficiency Retrofit
2.1.2 Energy Cost Reduction
2.1.3 Regulatory and Policy Measures and Incentives
2.1.4 Green and Low Energy Consumption Buildings
2.1.4.1 Green Branding
2.1.4.2 GHG and Carbon Footprint Reductions
2.1.5 Energy Independence and Security
2.1.6 Benefits to Building Owners
2.1.6.1 Occupancy and Rental Prices
2.1.6.2 Real Estate Market Value
2.1.7 Benefits to Tenants
2.2 Market Dynamics
2.2.1 United States
2.2.2 Europe
2.2.2.1 United Kingdom
2.2.2.2 Germany
2.2.3 Asia Pacific
2.2.3.1 China
2.2.3.2 Japan
2.2.3.3 Australia
2.2.3.4 Other Factors
2.2.4 Latin America
2.2.5 Middle East
2.2.6 Africa
3. Technology Issues
3.1 Definition of Energy Efficiency
3.2 Energy Efficiency Products
3.2.1 Heating, Ventilation, and Air Conditioning
3.2.1.1 Furnaces and Boilers for Space Heating
3.2.1.2 Unitary Systems
3.2.1.3 Air-to-Air Heat Pumps
3.2.1.4 Radiant Heating and Cooling Systems
3.2.1.5 Ground-Source Heat Pumps
3.2.1.6 Ductless/Split System Air Conditioners
3.2.1.7 Central Chiller Systems
3.2.1.8 Ventilation and Indoor Air Quality
3.2.2 Lighting
3.2.2.1 Low Ambient/Task Lighting
3.2.2.2 Daylighting
3.2.2.3 Intelligent Lighting Controls
3.2.3 Building Control Systems
3.2.4 Water Management
3.2.4.1 Low-Flow, Low-Flush, and Zero-Flush Fixtures, Toilets, and Urinals
3.2.4.2 Greywater Systems
3.2.5 Hot Water Production
3.2.5.1 Tankless Hot Water Heaters
3.2.5.2 Heat Pump Water Heaters
3.2.5.3 Solar Hot Water
3.2.6 Building Envelope
3.2.6.1 Insulation
3.2.6.2 High-R Windows
3.2.6.3 Smart Glass
3.2.7 Other Technologies
3.3 Energy Efficiency Services
3.3.1 Commissioning
3.3.2 Installation
3.4 ESCOs
4. Key Industry Players
4.1 Major Market Players
4.1.1 AECOM Energy
4.1.2 Ameresco, Inc.
4.1.3 Carrier Corp. (United Technologies Corp.)
4.1.4 Chevron Energy Solutions
4.1.5 Cofely (GDF Suez)
4.1.6 Daikin Industries
4.1.7 E.ON Energy Services
4.1.8 Eaton Corp.
4.1.9 Johnson Controls
4.1.10 Lennox International
4.1.11 Philips Lighting
4.1.12 Schneider Electric
4.1.13 Siemens Building Technologies
4.1.13 Trane
4.1.14 Wahaso
4.1.15 WattStopper (Legrand)
4.2 Real Estate Professionals and Architectural Services
4.2.1 CBRE Group, Inc.
4.2.2 Goody Clancy
4.2.3 Jones Lang LaSalle
4.2.4 Malachite LLC
5. Market Forecasts
5.1 Study Methods and Assumptions
5.2 Global Market Summary
5.2.1 North America
5.2.2 Western Europe
5.2.3 Eastern Europe
5.2.4 Asia Pacific
5.2.5 Latin America
5.2.6 Middle East
5.2.7 Africa
5.3 Conclusions and Recommendations
6. Company Directory
7. Acronym and Abbreviation List
8. Table of Contents
9. Table of Charts and Figures
10. Scope of Study, Sources and Methodology, Notes
List of Tables
- Energy Efficiency Commercial Building Retrofit Market Participants
- Ameresco SWOT Analysis
- Carrier SWOT Analysis
- Chevron Energy Solutions SWOT Analysis
- Cofely (GDF Suez) SWOT Analysis
- Daikin SWOT Analysis
- E.ON Energy Services SWOT Analysis
- Eaton Corp. SWOT Analysis
- Johnson Controls SWOT Analysis
- Lennox SWOT Analysis
- Philips Lighting SWOT Analysis
- Schneider Electric SWOT Analysis
- Siemens Building Technologies SWOT Analysis
- Trane SWOT Analysis
- Wahaso SWOT Analysis
- WattStopper (Legrand) SWOT Analysis
- AECOM Energy SWOT Analysis
- Energy Efficiency Retrofit Revenue by Category, World Markets: 2014
- Energy Efficiency Retrofit Revenue by Region, World Markets: 2014-2023
- Primary Initial Motivation for Initiating Energy Efficiency Building Retrofit: 2013
- Typical Payback Periods for Energy Efficiency Retrofits by Building Sector, World Markets
- Energy Efficiency Retrofit Revenue by Region, World Markets: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, World Markets: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, World Markets: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, North America: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, North America: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, United States: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, United States: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, Canada: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, Canada: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, Latin America: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, Brazil: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, Western Europe: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, Western Europe: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, Germany: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, Germany: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, United Kingdom: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, United Kingdom: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, France: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, France: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, Rest of Western Europe: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, Rest of Western Europe: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, Eastern Europe: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, Eastern Europe: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, Asia Pacific: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, Asia Pacific: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, China: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, China: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, Japan: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, Japan: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, South Korea: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, South Korea: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, Rest of Asia Pacific: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, Rest of Asia Pacific: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, Latin America: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, Brazil: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, Rest of Latin America: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, Rest of Latin America: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, Middle East: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, Middle East: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, Africa: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, Africa: 2014-2023
List of Charts and Figures
- Energy Efficiency Retrofit Revenue, World Markets: 2014-2023
- Primary Initial Motivation for Initiating Energy Efficiency Building Retrofit: 2013
- Typical Payback Periods for Energy Efficiency Retrofits by Building Sector, World Markets
- Commercial Buildings’ Share of Energy Consumption, United States: 2012
- Energy Consumption of Commercial Buildings, Historic and Projected, United States: 1980-2035
- Commercial Buildings Share of Energy Consumption, EU27: 2012
- Commercial Buildings Total Energy Consumption, Europe: 2000-2012
- Historic and Projected Future Energy Consumption of Office Buildings by Segment, China: 2005-2021
- Energy Efficiency Retrofit Revenue by Region, World Markets: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, North America: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, Western Europe: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, Eastern Europe: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, Asia Pacific: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, Latin America: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, Middle East: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, Africa: 2014-2023
- Energy Efficiency Retrofit Revenue by Product and Service Type, World Markets: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, World Markets: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, North America: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, Western Europe: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, Eastern Europe: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, Asia Pacific: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, Latin America: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, Middle East: 2014-2023
- Energy Efficiency Retrofit Revenue by Building Type, Africa: 2014-2023