BOULDER, Colo. — The global market for energy efficient housing is forecast to expand rapidly over the remainder of the decade, growing from an annual market value of $14 billion in 2012 to almost $84 billion in 2020, according to a report from Pike Research, a part of Navigant’s Energy Practice.

Globally, more than half of building energy consumption comes from residential buildings, noted Pike Research. The firm stated that the rising energy consumption of the housing sector, which has an impact on nearly every aspect of a country’s economy, is driving diverse and increasing interest in residential energy efficiency for both new homes and retrofits of existing homes.

“The dynamics of the energy-efficient housing market vary widely across regions and countries,” said research analyst Brittany Gibson. “It has yet to be determined whether or not energy efficient homes — and all the products and services used in them — can be a savior for sluggish housing markets in Organisation for Economic Co-operation and Development (OECD) countries, or provide a demand-side tool to help control rising electricity demand, as it might be for rapidly growing economies like China and India.”