A recent Pike Research report examined the global market landscape for energy efficiency retrofits in commercial and public buildings. It found that the global market will expand from $80.3 billion in 2011 to $151.8 billion by 2020.
This makes sense because more and more businesses are looking to cost-effective ways to reduce its operating expenses, and retrofitting existing buildings with updated lighting and HVAC is a great way for businesses to reduce operating expenses. And lighting retrofits typically see a quick return on investment.
Aside from reducing operational costs and energy consumption, business owners are motivated to retrofit their buildings in order to reduce greenhouse gases, carbon footprints, and gain a competitive edge in the building market. Let Worldwide Energy help your business s jump into energy efficient technology by scheduling a facility review.
Read the full report.
Source: Pike Research