Revenue for Commercial Energy Efficient HVAC Technologies is Expected to Increase to $61.2 Billion in 2027
Current regulation of commercial buildings is a significant driver
for the energy efficient HVAC market.
A new report from Navigant
Research examines the global market for energy efficient HVAC
technologies in commercial buildings, providing market forecasts
segmented by technology and region through 2027.
To support the global shift towards the electrification of the grid,
innovative energy efficient technologies are hitting the market to
connect. Trailing the trends of Internet of Things, demand response, and
grid connectivity, new energy platforms offer increased energy and
demand savings to commercial buildings through optimization. Click
to tweet: According to a new report from @NavigantRSRCH,
global revenue for energy efficient commercial HVAC technologies is
expected to increase to $61.2 billion in 2027.
“These technologies support Energy Cloud platforms such as
Building-to-Grid, Transportation-to-Grid, and Smart Cities,” says
Courtney Marshall, Research Analyst of Navigant Research. “Efficient
HVAC technologies enable connections to the grid to commercial buildings
by optimizing equipment operations, all while maintaining comfort for
their building occupants.”
According to the report, another significant driver of these
technologies involves the regulatory environment that promotes
commercial buildings, specifically the smart controls that allow
buildings to intelligently manage operations. The global forecast for
energy efficient commercial HVAC systems revenue is expected to increase
from $29.4 billion in 2018 to $61.2 billion in 2027 with Asia Pacific
being the geographic leader with an anticipated revenue growth of $39.3
billion by 2027. Meanwhile, Western Europe is expected to reach over
$12.1 billion.
This Navigant Research report, HVAC
Energy Efficiency in Commercial Buildings, provides a comprehensive
analysis of energy efficient HVAC technologies for commercial buildings.
The study analyzes the key market drivers and barriers, as well as
regional market dynamics, related to energy efficient commercial HVAC
systems. Global market forecasts, segmented by technology and region,
extend through 2027. The report also examines the competitive landscape
and main technologies related to energy efficient HVAC systems,
including unitary systems, heat pumps, furnaces, boilers, variable
refrigerant flow (VRF) systems, chillers, and geothermal heat pumps
(GHPs).
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, HVAC Energy Efficiency in Commercial Buildings, 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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