by Brianna Crandall — June 12, 2017 — A new report from Navigant Research examines the global market for energy efficient building products and services, providing an analysis of market issues and global forecasts for revenue, segmented by product type, service type, region, and construction type, through 2026.
The landscape for energy efficient building technologies may be changing more rapidly today than it has at any point in its history, finds the report. New market trends such as digitization, “as-a-service” offerings, the Internet of Things (IoT), and the ubiquitous nature of software systems are bringing new dynamics of operation and competition. According to the report, the global market for energy-efficient building technologies is expected to reach $227.4 billion in 2017 and grow to nearly $360.6 billion in 2026.
Tom Machinchick, principal research analyst with Navigant Research, stated:
Participants in the energy efficient building equipment value chain are creating new and innovative products and services that broaden and deepen market penetration with increased simplicity, or through added sophistication, as well as investment and payback figures that better match the internal requirements of end-use customers. Companies that did not have the foresight to start assessing the digital transformation years ago will be at a serious disadvantage competing in the years to come.
Digitization is allowing improved building performance while also changing the competitive dynamics of the industry, according to the report. Whether through acquisition or a strategic development and training plans, companies that are ready for evolving market dynamics can create a host of new market opportunities for themselves.
The report, Energy Efficient Buildings Global Outlook, available for purchase from the Navigant Research Web site, analyzes the global market for energy efficient building products and services in nine key segments: HVAC, lighting, controls, water efficiency, water heating, building envelope, other, and commissioning and installation services. The study provides an analysis of the market issues, including market drivers and hurdles, opportunities, and current market trends, related to energy efficient building technologies.
Global market forecasts for revenue, segmented by product and service type, region, and construction type, extend through 2026. The report also examines the key regional market dynamics and 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 Web site.