To watch in the next 5 years
The energy transition is further accelerated by regulation and the adoption of efficient technologies.
Global energy consumption for lighting will decrease by 36% in the coming five years, enforced by strict government regulations as well as consumers switching to more cost-competitive technologies such as LEDs
A substantial policy push will be needed to comply with climate targets; following successful regulation enforcing a switch to LED for lighting, various countries are now developing regulation for segments that can bring large gains such as zero-gas targets for space heating
Many countries in non-OECD Asia will see a rapid change in energy sources used in buildings. China will become a regional leader of this transition, enforcing a switch away from coal to natural gas. In addition, more and more countries will switch from biomass toward more sustainable and efficient energy sources