Global revenue expected to increase from $22.8 billion in 2015 to $47.5 billion in 2024
BOULDER, Colo. — A new report from Navigant Research analyzed the global market, including market forecasts for revenue through 2024, for seven energy-efficient technologies that are the primary components of commercial HVAC systems.
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. 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 the report, global revenue for commercial energy-efficient HVAC systems is expected to increase from $22.8 billion in 2015 to $47.5 billion in 2024.