18 June 2012 - New data from Pike Research show that the global energy service company (ESCO) market could more than double to $66 billion by 2017, driven by growth in energy efficient buildings. Pike Research's report, "Energy Efficient Buildings: Global Outlook", provides data on the size and growth of energy efficient building markets.
ESCOs, which provide comprehensive energy contracting services primarily to governmental, commercial, and industrial customers, form the core of most energy efficient buildings markets today, engaging in long-term energy efficiency contracts with building owners. As building owners and managers aim to increase the efficiency of their building portfolios to attract increasingly savvy tenants and reduce operating costs, ESCOs are developing long-term strategies around energy efficiency to meet this demand.
According to a recent report from Pike Research, the ESCO sector will represent the largest segment of the energy efficient buildings industry in the coming years, with revenues more than doubling from $30.1 billion in 2011 to $66 billion worldwide by 2017, a compound annual growth rate (CAGR) of 14%. read more>>>
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