Revenue from Energy Efficient Building Products and Services is Expected to Total More Than $4.3 Billion from 2015 to 2023, According to Navigant Research
By Business Wire News
By Business Wire News
A recent report from Navigant Research analyzes the global market for commercial building energy efficient products and services, including global market forecasts for revenue through 2023.
Today’s building stock accounts for a substantial amount of global energy use, putting increased pressure on governments and corporations alike to reduce their carbon footprints and energy-related spending. As a result, energy efficiency has become a broad-based strategy to solve both of these challenges. Click to tweet: According to a recent report from Navigant Research, cumulative revenue from energy efficient building products and services is expected to total more than $4.3 billion from 2015 to 2023.
“Energy efficiency measures are becoming increasingly mainstream,” says Noah Goldstein, research director with Navigant Research. “Governments are introducing policies to promote energy efficiency through incentives, prescriptive measures, and building codes, and green building certification has shifted from a leading-edge practice to a mainstream concept in commercial real estate markets—so much so that it’s becoming the de facto standard in some cities.”
Currently, building envelope technologies, including building materials, represent the largest energy efficient building market segment, according to the report. In the coming years mechanical and electrical systems, such as HVAC, lighting, and controls, are expected to gain increasing market share. The energy efficient building ecosystem is maturing and expanding in all sectors, the report finds, incorporating utilities, new demand-management players, and facility managers who are interacting and partnering in new ways.
The report, “Energy Efficient Buildings: Global Outlook,” analyzes the global market for commercial building energy efficient products and services. The study summarizes the market drivers and barriers for energy efficient products and services, including the services provided by energy service companies (ESCOs) through energy performance contracting, across the policy and technology landscape in seven regions. Global market forecasts for revenue, broken out by product and service, building type, construction type, and region, extend through 2023. The report also examines the key technologies related to energy efficient building products and services, as well as the competitive landscape. 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 Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global professional services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals deliver expert and advisory work through implementation and business process management services. The firm combines deep technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism to address clients’ needs in highly regulated industries, including Construction, Energy, Financial Services and Healthcare. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, “Energy Efficient Buildings: Global Outlook,” 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.