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Spending on Building Energy Efficiency to Boom in Next 5 Years

Post Time:Dec 01,2011Classify:Industry NewsView:299


As we've been saying for many years at GreenBiz.com,


According to a recent report, it's going to get a whole lot bigger.



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, "


ESCOs will see their fortunes rise handsomely as well, with global revenues more than doubling to $66 billion in 2017. A major player in the commercial buildings space, often using energy performance contracts (ESC) to finance projects using the expected savings, they will account for the largest segment in the energy efficient buildings industry. 


A prime example of this trend is Johnson Controls. As my colleague Leslie Guevarra


Honeywell is another player. The company is helping the city of Antioch, Calif., with


As noted earlier, government policies for energy efficient policies is a major factor in the growth of this market. In the U.S., money from the stimulus bill is helping to fund the Honeywell-Antioch project and others. President Barack Obama also announced in February the


Source: http://www.usgnn.comAuthor: shangyi

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