Success of residential energy efficiency market highlights benefits of green technology

Fri, 10/05/2012 - 11:13

The meteoric rise of the residential energy efficiency market is expected to continue in the coming years, and highly effective products and technology are the reason for the increased investment in the sector.
A new report from Pike Research outlined how the market is going to continue its rapid expansion, as cost-effectiveness and waste reduction are becoming increasingly important due to climate issues and rising energy prices.
The report spoke to the ever-increasing effectiveness of the products and technology available in the sector, a driving factor in the popularity of homeowners making efficiency renovations or complete retrofit projects.
While some areas of the world have been slower on the uptake, the North American, European and Asian markets are helping to propel the entire industry forward.
"The dynamics of the energy-efficient housing market vary widely across regions and countries," says research analyst Brittany Gibson. "It has yet to be determined whether or not energy efficient homes - and all the products and services used in them - can be a savior for sluggish housing markets in Organisation for Economic Co-operation and Development (OECD) countries, or provide a demand-side tool to help control rising electricity demand, as it might be for rapidly growing economies like China and India."
Products that cut energy costs can also be a great addition to homes in terms of making a residence more comfortable. A radiant heating system or modern cooling setup help to provide families with a more enjoyable indoor environment.
The many benefits of these technologies are often overshadowed by the cost-cutting potential associated with the products, but regardless of the reason, they are becoming more and more popular.