Combined with pressure from federal and state officials, and the growing commercialization of clean energy, the market for energy-efficient building products is set to expand even more in the coming years, according to a report from Navigant Research.
Constructing energy-efficient buildings is not just a matter of using the right materials. In fact, energy efficiency is a broad business strategy that commercial and industrial markets are now quick to invest in. As such, the report found the products for energy-efficient buildings will create revenues of $4.3 billion by 2023.
By factoring in utilities, construction costs and the performance of HVAC systems, businesses need to be sure their buildings are not draining funds from their budgets and potentially damaging their share of the market. That's why companies invest in energy-efficient products from start to finish, immediately from the time of construction. By putting a building on the right path toward sustainability, companies of all sizes can save money in the future through reduced energy costs.
"Energy efficiency measures are becoming increasingly mainstream," said Research Director at Navigant Research Noah Goldstein, according to ACHRNews. "Governments are introducing policies to promote energy efficiency through incentives, prescriptive measures and building codes, and green building certification has shifted from a leading-edge practice to a mainstream concept in commercial real estate markets – so much so that it's becoming the de facto standard in some cities."
Advanced HVAC parts
The higher the revenues from energy efficiency, the more likely this eco-friendly culture will become more ingrained in cities around the world, one building at a time. That's because green materials and enhanced building capabilities are not relegated to just a few niche industries. In fact, any building can benefit from greater sustainability, and as a consequence, help businesses free up cash flow.
Companies are now routinely investing in more advanced HVAC equipment to help work in tandem with existing building technologies. This can be seen in the fact that total shipments of HVAC equipment increased roughly 30 percent to start the year in comparison to January of 2014, the Air Conditioning, Heating and Refrigeration Institute reported.
Not only does HVAC performance directly affect how much a business spends on energy costs, but it can also impact maintenance expenses and the quality of air in the building. And for companies that operate in industries that require stringent air and temperature controls, HVAC performance is especially critical.
HVAC parts are becoming more advanced themselves, helping fuel innovation and allowing building managers to keep track of what's working most effectively. For heightened HVAC capability, businesses retrofit their HVAC units with optimized coils for maximum efficiency.
Coated HVAC coils provide an additional layer of protection against corrosion and allow the unit as a whole to operate at a lower cost because it requires less electricity to function. As a result, the demand for these types of products will be even more elevated in the future.
Rahn Industries has a full lineup of spray and (dip)/ Bake protective coatings to meet your needs.