Rosy financial future ahead for green building suppliers
January 13, 2010 by Tom GuayPosted in: green buildings, In this week's e-newsletter, Latest News & Views, News
Companies that offer products and services for the green building market will experience a wild ride ahead, and it’s all uphill.
Total sales of green building products and services is projected to grow by a whopping 146% over the next four years, from sales of $52.3 billion in 2009 to nearly $126.6 billion by 2014. That’s according to the market research firm Zpryme.
Reason: Recognition that buildings consume more energy than any other sector of the U.S. economy has put a premium on products and services that can increase the energy efficiency of business, residential, commercial, manufacturing, healthcare, government and other office buildings.
The biggest growth ahead will be for those that can help public buildings go green. Zpryme predicts green building activity for the municipal market will expand 30% by 2014. Other markets will expand by:
- 24% for educational buildings
- 20% for commercial buildings
- 11% for healthcare, and
- 5% for institutional and R&D facilities.
That’s why the National Governors Association recently adopted a program to help states invest in green building technologies to improve energy efficiency of existing municipal buildings.
Tags: energy efficiency, green buildings, Zpryme
GreenandMore.com
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January 14th, 2010 at 8:43 am
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