November 29, 2011 - 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. read more>>>
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