Commercial Energy-Efficient HVAC Systems Revenue to Reach $47.5 Billion in 2024
Recovering industry growth in the U.S. is counterbalanced by declines in China and stagnation in Europe
BOULDER, Colo. — A new report that analyzes the global market for seven energy-efficient technologies for commercial HVAC is available from Navigant Research.
HVAC equipment accounts for nearly 40 percent of total global building energy consumption, while commercial buildings consume about 12 percent of the world’s energy supply, notes Navigant. As concerns about the environmental impact of energy generation and uncertainty over future energy prices increase, efficiency improvements in commercial HVAC equipment are becoming more enticing. According to a new report from Navigant, global revenue for commercial energy-efficient HVAC systems is expected to increase from $22.8 billion in 2015 to $47.5 billion in 2024.