Energy efficient buildings' market revenue in Asia Pacific to grow
Energy consumption in buildings in the Asia Pacific region is expected to continue to grow rapidly, spurred by high economic growth and the increasing demand for cooling in warm climate regions, research shows.
The new report from Navigant Research examines the market for energy efficient building technologies in Asia Pacific, providing market forecasts for products and services, segmented by eight commercial building types, and by new construction and retrofit spending, through 2026.
At the same time, as the focus on energy efficiency increases, most governments in the region have taken energy efficiency into serious consideration, pursuing green building certificate programs, a growing interest in net zero energy (ZNE) buildings, and the digital revolution of energy efficiency solutions.
“There is a growing demand for space cooling, as well as interest in ZNE buildings in Asia Pacific,” said Christina Jung, research analyst at Navigant Research. “Together, these two trends are driving the uptake of energy efficient building technologies, particularly in the region’s two most rapidly growing economies, China and India.”
While existing technologies can save more than two-thirds of major end-use energy consumption in buildings, two-thirds of global building energy use is still not subject to minimum energy performance standards. According to the report, this signals a vast potential market for building energy efficiency solutions providers in Asia Pacific and beyond.
The report, called Market Data: Energy Efficient Buildings – Asia Pacific, analyzes the market for energy efficient building technologies in Asia Pacific. The study focuses on seven product types (HVAC, lighting, building controls, water efficiency, water heating, building envelope and other) and two service types (commissioning and installation). Market forecasts, which are also segmented by eight commercial building types and by new construction and retrofit spending, extend through 2026.
The report also provides an analysis of the market dynamics, including market drivers and hurdles, opportunities, and unique programs that are helping to extend and broaden commercial building efficiency throughout Asia Pacific.
Topics: Architectural Firms, Building Owners and Managers, Construction Firms, Engineering Firms, Environmental Firms, Great Commercial Buildings, Office Buildings, Sustainable Communities, Sustainable Trends and Statistics, Technology, Urban Planning and Design