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A new report from Navigant Research examines the Asia-Pacific energy-efficient building technology market, providing market forecasts for products and services across 8 commercial building types, as well as spending
on new construction and retrofits through 2026.
According to the report, the Asia-Pacific energy-efficient buildings market revenue is expected to be $65.
3 billion in 2017, and this figure is expected to increase to $111.
3 billion
by 2026.
In Asia Pacific, building energy consumption is expected to continue to grow rapidly due to
high economic growth and increased demand for cooling in warmer regions.
At the same time, with the improvement of energy efficiency, most governments in the region are seriously considering energy efficiency, pursuing green building certification programs, and are increasingly interested in
zero energy (ZNE) buildings and efficiency solutions for the digital revolution in energy.
Christina Jung, research analyst at Navigant Research, said: "The growing demand for temperature cooling and interest in zero-energy buildings in Asia Pacific are driving the development of energy-efficient building technologies, particularly in the region's two fastest-growing economies, China and India
.
”
While existing technologies can save more than two-thirds of a building's primary end-user energy consumption, two-thirds of global building energy use still falls short of minimum energy efficiency standards
.
According to the report, this marks a huge potential market for
providers of energy-efficient building solutions in Asia Pacific and beyond.
A new report from Navigant Research examines the Asia-Pacific energy-efficient building technology market, providing market forecasts for products and services across 8 commercial building types, as well as spending
on new construction and retrofits through 2026.
According to the report, the Asia-Pacific energy-efficient buildings market revenue is expected to be $65.
3 billion in 2017, and this figure is expected to increase to $111.
3 billion
by 2026.
In Asia Pacific, building energy consumption is expected to continue to grow rapidly due to
high economic growth and increased demand for cooling in warmer regions.
At the same time, with the improvement of energy efficiency, most governments in the region are seriously considering energy efficiency, pursuing green building certification programs, and are increasingly interested in
zero energy (ZNE) buildings and efficiency solutions for the digital revolution in energy.
Christina Jung, research analyst at Navigant Research, said: "The growing demand for temperature cooling and interest in zero-energy buildings in Asia Pacific are driving the development of energy-efficient building technologies, particularly in the region's two fastest-growing economies, China and India
.
”
While existing technologies can save more than two-thirds of a building's primary end-user energy consumption, two-thirds of global building energy use still falls short of minimum energy efficiency standards
.
According to the report, this marks a huge potential market for
providers of energy-efficient building solutions in Asia Pacific and beyond.
