Worldwide, commercial and residential buildings account for 35% to 40% of total energy consumption. Commercial buildings particularly consume large amounts of energy related to HVAC, lighting, water heating, etc. And, because new buildings account for a smaller percentage of energy used in the building sector, retrofitting existing buildings can yield significant energy savings.
As countries look to reduce overall energy use, energy efficiency retrofits are increasing for existing commercial buildings. Learn more about the expected growth rates for energy efficiency retrofits and download a recently released market analysis and forecast report, here.