Alternative Profits Blog
Retrofitting - Opportunities, Trends and Challenges
Retrofitting refers to the addition of new technology or features to older systems. The term is usually applied to various in the context of building construction such that existing buildings become more energy efficiency.Market Need
Making existing buildings, residential and industrial infrastructures more energy efficient and sustainable
Trends
• According Pike Research, with funding for renovations to federal building by American Recovery and Reinvestment Act, the total potential market for major green renovations in the commercial building sector is approximately $400 billion (2009)
• According to market research forecasts, comprehensive efficiency retrofits will more than triple in annual revenue to $6.6 billion by 2013 in the US.
• A study conducted by the Global Facility Management Association reports that ninety-two percent of survey respondents to the Green Practices Study say that they are working to make their facilities more sustainable. In addition, 67 percent say their customers are “forcing them” to make sustainable changes, while forty-six percent say the government is forcing the change (2009)
posted by Ecacofonix at
6:01 AM
Wednesday, August 26, 2009
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