[February 04, 2010] Pike Research Report Acknowledges Growth of Energy Efficiency Products and Services for Homes Tweet Feb 04, 2010 (Close-Up Media via COMTEX) -- There is a positive outlook for growth in energy efficient products and services for homes, according to a new report from Pike Research. According to officials, this sector, which comprises energy efficient home improvements, high-efficiency appliances, and home energy auditing services, holds the potential to generate new revenue opportunities and jobs. "Energy efficiency is stepping into the light after a long period of obscurity," says managing director Clint Wheelock. "A number of factors are converging to make energy efficient residential products and services a hot sector over the next several years. These drivers include increased environmental awareness among consumers, government incentives, utility energy efficiency programs, and new offerings and rebates from product manufacturers." Pike Research's study, "Energy Efficient Homes", examines the U.S. market for energy efficient products and services in the residential sector. The study analyzes the new home and remodeling industries, home products and appliances, home energy evaluations, and utility services. Pike said the home energy auditing business is an indicator of the coming of age for energy efficient homes. Pike Research forecasts that this market will nearly triple in size, from $8.1 billion in 2009 to $23.4 billion by 2014. The energy efficient home improvement market is forecast to increase from $38.3 billion in 2009 to $50.2 billion by 2014. This category includes upgraded electrical systems, appliances and equipment, HVAC systems, roofing replacements, and window/door replacements, according to Pike. Additionally, the report states that Energy Star certified refrigerators and clothes washers will generate revenues of $21.9 billion during the period from 2009 to 2014, under a business-as-usual scenario. In a scenario that includes increased penetration of these high-efficiency appliances, Pike Research estimates that another $11.3 billion could be added to this total. Pike Research is a market research and consulting firm. ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]