Tag Archives: Energy Saving Market

Energy Saving and Performance Contracting Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2024

Global Energy Saving and Performance Contracting Market: Overview

The concept of energy saving and performance contracting (ESPC) involves several processes in order to achieve greater energy efficiency. Increasing population across the world and consequent rapid urbanization, the demand for energy is touching new peaks. Smart cities and smart buildings are now being built in budget-neutral approach to reduce energy and water consumption. Frequently, renewable energy projects are installed and technology enables wastage of the same. By working in accordance to an energy service company (ESCO), the owners of a facility can significantly curtail their energy demand on a daily basis and gain greater return of investment (ROI). Consequently, the demand in the global energy saving and performance contracting market is expected to expand at a rapid rate during the forecast period of 2016 to 2024.

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