Navigant Research Expects European Spending on Energy Efficient Building Technologies to Near $112 Billion in 2026
Europe is a global leader in sustainability legislation and
initiatives, and commercial buildings play an essential role in meeting
ambitious targets set for 2020, report finds
A new report from Navigant
Research examines the European market for energy efficient building
technologies, providing market forecasts through 2026, segmented by
commercial building type and new construction or retrofit spending.
Advancements in intelligent building technologies are evolving toward an
integrated ecosystem of components and sensors that work together as a
platform for optimizing facility operations. Making use of these
advancements will be key for Europe to maintain efficiencies already
gained, while discovering deeper efficiencies necessary to meet lofty
future goals. Click
to tweet: According to a new report from @NavigantRSRCH,
energy efficient building technology spending in Western and Eastern
Europe is expected to grow from $83.5 billion in 2017 to $111.9 billion
in 2026.
“Europe has been a global leader in sustainability legislation and
initiatives, with commercial buildings playing an essential role in
meeting ambitious targets set for 2020,” says Tom Machinchick, principal
research analyst at Navigant Research. “Intelligent digital building
technologies will be necessary for Europe to continue toward its
long-term goals of significantly increasing efficiency while reducing
overall carbon emissions. A certain level of efficiency can be attained
with relative ease, but as future efficiency targets get deeper, so must
the building efficiency projects and the technologies that support those
efforts.”
Western European countries have exhibited significant commitment to
energy- and emissions-related goals, including through legislation such
as the Energy Performance of Buildings Directive (EPBD) and the Energy
Efficiency Directive (EED), which will play a leading role in helping
the EU to realize deeper building efficiency while retaining gains.
Meanwhile, energy efficiency priorities in Eastern Europe often lie in
the more unreliable and inefficient energy infrastructure versus in
buildings, yet interest in developing more robust mechanisms to
facilitate building efficiency in the region is building.
The report, Market
Data: Energy Efficient Buildings – Europe, analyzes the markets
for energy efficient building technologies in Western and Eastern
Europe. The study focuses on seven product types (HVAC, lighting,
building controls, water efficiency, water heating, building envelope,
and other) and two service types (commissioning and installation).
Market forecasts, which are also segmented by eight commercial building
types and by new construction and retrofit spending, extend through
2026. The report also provides an analysis of the market dynamics,
including market drivers and hurdles, opportunities, and unique programs
that are helping to extend and broaden commercial building efficiency
throughout Europe. An Executive Summary of the report is available for
free download on the Navigant
Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.
* The information contained in this press release concerning the
report, Market Data: Energy Efficient Buildings – Europe, 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.
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