“The ESCO market continues to be concentrated in municipalities, universities, schools, and hospitals, known as the ‘MUSH’ market,” says Eric Bloom, senior research analyst with Navigant Research. “K-12 schools, which present the largest opportunity for ESCOs, are designed to last for many decades, and many public school buildings in operation today are characterized by out-of-date HVAC, lighting, and control systems that could benefit considerably from system upgrades.”
For facility managers, school boards, mayors’ offices, and other K-12 stakeholders, energy is rarely the chief concern. Other priorities, such as teacher salaries and curriculum development, tend to command more attention than energy-related matters. As a result, many ESCOs find that success in the K-12 sector involves the ability to address a wide range of concerns that go beyond energy in facilities, such as replacing roofs and facades and upgrading interior furnishings, according to the report.
The report, “The U.S. Energy Service Company Market”, examines the ESCO market in the United States, detailing drivers and barriers to the deeper penetration of energy efficiency in the U.S. economy. The report covers all ESCO sectors, including municipalities, universities, schools, and hospitals, federal, commercial and industrial, and public housing. Market forecasts for ESCO revenue in the United States, segmented by sector and technology, extend through 2020. The report also analyzes various ESCO financing models and energy efficiency technologies, and profiles key industry players. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Richard Martin
* The information contained in this press release concerning the report, “The U.S. Energy Service Company Market,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.