by Brianna Crandall — March 20, 2015—A recent report from market research and advisory group Navigant Research analyzes the global market for commercial building energy-efficient products and services, including global market forecasts for revenue through 2023. Cumulative revenue from energy-efficient building products and services is expected to total more than $4.3 billion from 2015 to 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, and green building certification has shifted from a leading-edge practice to a mainstream concept in commercial real estate markets.
The global market for energy-efficient buildings is thus supported by country- and region-wide legislation and initiatives. Governments worldwide are introducing policies aimed at promoting energy efficiency through incentives, prescriptive measures, building codes, and other means. Coupled with rising energy prices, these policies are driving governments and organizations to adopt new technologies to monitor and control energy use in buildings.
Currently, building envelope technologies, including building materials, represent the largest energy efficient building market segment, according to the report. Energy-efficient technologies such as LED lighting are seeing improved performance and lower prices. At the same time, building automation and controls software is leveraging the increase in data availability and analytical capabilities to identify a range of low- and no-cost performance improvements.
In the coming years, mechanical and electrical systems, such as heating/ventilation/air-conditioning (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 facilities 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 Web site.
