Energy Efficiency Retrofits for Commercial and Public Buildings
Energy Efficiency Retrofits for Commercial and Public Buildings
Office, Educational, Retail, and other Key Segments and the Effects of Performance Contracting, ESCOs, LEED, and Energy Star
The energy efficiency retrofit market recently received a major boost from the American Recovery and Reinvestment Act of 2009 (ARRA), which will provide substantial funding for renovations to institutional buildings, especially federal buildings. The institutional market is booming now, and activity initiated in the next few years will continue through 2013 and beyond. However, federal non-industrial buildings represent a small fraction of all existing commercial building space. The largest potential for long term, sustained growth in commercial building retrofits lies in the private commercial space. Although relatively small at present, this market will experience strong growth through 2013 and for many years beyond. Compared to conventional space, high-performance green building space is vacant less often and commands premium prices, leading commercial building owners to adopt green retrofits as a market differentiator. Unlike government policies that come and go, this market driver will fuel steady momentum until most commercial building space has been retrofitted for energy efficiency and also for other measures of building performance such as thermal comfort. ( http://www.bharatbook.com/Market-Research-Reports/Energy-Efficiency-Retrofits-for-Commercial-and-Public-Buildings.html )
Several substantial, durable drivers are expanding the potential market for energy efficiency retrofits. However, the actual market is small compared to its potential, due to an assortment of barriers within various niches. In order for marketing campaigns and public policies to promote energy efficiency products, services and programs successfully, the barriers within each target segment of the commercial real estate market must be addressed appropriately.
This report provides an overview of the market niches formed by questions such as ownership, occupant activity, and geographic location. We examine the primary market barriers and highlight the best practices that are addressing these barriers successfully today. The report features a comprehensive examination of several key vertical markets, including an assessment of drivers, barriers, and opportunities in each one. Based on projections of the timing for widespread barrier removal, we forecast the market growth of both enhanced operations & maintenance as well as major green renovations over the next five years.
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