Construction spending is expected to grow in 2024 but at a significantly slower pace, according to the American Institute of Architects (AIA) Construction Consensus Forecast Panel made up of leading economic forecasters. The Panel forecasted that nonresidential construction spending will slow to 4% growth in 2024 and further slow to 1% growth in 2025.
Networked Lighting Controls Offer Deep Well of Energy Savings
As first-generation LED lighting systems begin to be replaced, a significant opportunity to maximize energy savings by incorporating networked lighting controls is emerging, particularly when HVAC integration is included, according to a new report by the DesignLights Consortium.
LED Revolution 2.0
Everywhere, we see signs the LED revolution has won. An argument can be made, however, that this mature lighting technology is simply entering its next phase of market opportunity. Call it LED Revolution 2.0.
A Deep Dive Into the 2021 IECC
Based on a new Lighting Controls Association Education Express course, this article takes a deep dive into the lighting control requirements in the 2021 version of the International Energy Conservation Code (IECC).
Decarbonization Requires Faster Pace of Retrofits
The 2016 Paris Agreement called for its nearly 200 signatories to join in limiting global warming to an increase of 1.5 degrees Celsius above pre-industrial levels. This would require carbon emissions to be reduced by about half by 2030 and reach net zero by 2050. To reach this goal, the rate of retrofits in the Global North will need to triple from barely 1 percent to at least 3 percent of stock each year, according to Retrofitting Buildings to be Future-Fit, a November 2022 report by commercial real estate services firm Jones Lang LaSalle (JLL).
Lighting The Manufacturing Boom
The United States is currently enjoying a dramatic surge in construction in manufacturing infrastructure. This suggests fresh demand for lighting and controls and the expertise to properly apply them to industrial spaces.
Lighting Controls: Electrification Offset?
Growing demand for plug-in electric vehicles is likely to coincide with the significant adoption of EV charging stations in commercial buildings. If true, the economics of lighting upgrades may change, putting all energy efficiency options on the table, including those previously limited by payback thresholds.
ASHRAE/IES 90.1-2022 Decoded
The American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE) and the Illuminating Engineering Society (IES) recently published ANSI/ASHRAE/IES Standard 90.1-2022, Energy Efficiency Standard for Buildings Except Low-Rise Residential Buildings. For lighting, the new version adjusts power allowances, adjusts the definition of alterations, adds horticultural lighting, and updates several control requirements.
2023 Rebate Outlook
In 2023, commercial lighting rebates remain a strong driver for adoption of energy-efficient lighting and controls in existing buildings. Notable trends include continuing stability in LED and control rebates, imminent jeopardy for some LED replacement lamp rebates, and growth for networked lighting control and horticultural rebates. A coinciding trend with implications for lighting upgrades is introduction of substantial rebates for electric vehicle (EV) charging stations.
2023 Nonresidential Construction Forecast: “Moderate”
A major contributor to the economy is construction, which overall exhibited very strong growth in 2022. Despite a strong finish to the year, however, nonresidential construction spending is expected to moderate in 2023 and slow significantly in 2024, according to the American Institute of Architects (AIA) Construction Consensus Forecast Panel made up of leading economic forecasters. The Panel forecasted that nonresidential construction spending will moderate to grow a healthy 5.8% in 2023 but then slow to less than 1% in 2024.
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