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Energy Efficiency and Electrification as Pathways to Decarbonizing Commercial Buildings

Commercial buildings offer significant opportunities for greenhouse gas (GHG) emission reductions through energy efficiency and electrification. Buildings generate approximately 40% of global GHG emissions and constitute 36% of global energy use. Nearly two-thirds of global energy consumption from buildings comes from fossil fuels. Energy efficiency in buildings is key to reduce buildings’ energy consumption and carbon footprints. Building electrification is starting to become a more viable avenue to building decarbonization as renewable capacity grows around the world. 

 

Products and services for building decarbonization, such as highly energy efficient electric HVAC systems, associated controls, building envelope measures, and installation and commissioning services, are poised for consistent growth. Traditional barriers, such as cost and split incentives, continue to dampen market expansion. However, technology and business model innovation in markets adjacent to traditional energy efficiency products and services are driving change in the market. Intelligent building management systems, energy storage, onsite generation, and energy as a service (EaaS) models are expected to contribute to market expansion. Continued implementation of building energy efficiency and electrification policies around the world is also driving market growth. 

 

This Guidehouse Insights report analyzes these and other market issues surrounding building decarbonization and includes a 10-year market revenue forecast. The forecast focuses on four technology types key to decarbonizing the commercial built environment: electric energy efficient HVAC and water heating equipment, associated HVAC controls hardware, energy efficient building envelope, and energy efficiency services such as installation and commissioning. 

 

COOLNOMIX is featured as a Key Industry Player in their report.