European Spending on Energy Efficient Building Technologies to Rise to $112Bn
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. According to the new report, 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 a 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.
Monday 16th October 2017