Energy Efficient Buildings Are Expected to Reach Nearly $623 Billion in Annual Revenue by 2023

December 11, 2014

The barriers to constructing and retrofitting energy efficient buildingscenter around cost, report concludes

A new report from Navigant Research analyzes the global market for commercial building energy efficient products and services, including global market forecasts for revenue through 2023.

Concerns about increasing energy costs are driving many organizations to look to their existing building stock for ways to reduce operating costs.  Corporate and government efforts to reduce carbon emissions and manage assets in a more strategic manner have produced global market opportunities for energy efficient buildings that are supported by country- and region-wide legislation and initiatives.  Click to tweet: According to a new report from Navigant Research, worldwide revenue from energy efficient buildings is expected to grow from $307 billion in 2014 to nearly $623 billion in 2023.

“Services that would have seemed costly or unnecessary to building owners 5 to 10 years ago – such as corporate sustainability initiatives focused on energy efficiency – are becoming increasingly mainstream,” says Noah Goldstein, research director with Navigant Research.  “Energy efficiency can help governments to reduce the carbon intensity of local and national economies and corporations reduce costs as well as their carbon footprints.”

The barriers to broad adoption of energy efficiency measures center around cost, according to the report.  In many countries, energy costs remain less than $0.10 per kilowatt-hour for commercial customers, rendering the paybacks of many energy efficiency measures difficult to justify within stringent investment criteria.  Outside of developed economies, energy efficiency tends to be low on the list of priorities, even with significant new construction activity in regions such as Southeast Asia, Latin America, and the Middle East.

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.

Contact: Richard Martin

+1.303.493.5483

richard.martin@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.

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Research News

Rss
Global Revenue for Commercial Energy-Efficient HVAC Systems Is Expected to Reach $47.5 Billion in 2024
Recovering industry growth in the United States is counterbalanced by declines in China and stagnation in Europe, report finds • A new report from Navigant Research analyzes the global market for seven energy-efficient technologies…
Read More »
Energy Management Revenue for Healthcare Markets is Expected to Reach $2.2 Billion by 2024
An increasing demand for resiliency is expected to drive the market for energy management in hospitals, report finds • A recent report from Navigant Research examines the current state of the global market…
Read More »
The Number of Natural Gas Refueling Stations Is Expected to Reach Nearly 39,000 by 2025
Proliferation of natural gas as a fuel for vehicles is tied to government incentives and density of infrastructure, report finds • A new report from Navigant Research analyzes the market for natural gas refueling infrastructure…
Read More »
Honeywell and Nest Score Highest in Assessment of Smart Thermostat Vendors
Heightened consumer awareness of residential energy management is driving market competition, report finds • A new Leaderboard Report from Navigant Research examines the strategy and execution of 12…
Read More »
View All News

{"userID":"","pageName":"Energy Efficient Buildings Are Expected to Reach Nearly $623 Billion in Annual Revenue by 2023","path":"\/newsroom\/energy-efficient-buildings-are-expected-to-reach-nearly-623-billion-in-annual-revenue-by-2023","date":"8\/5\/2015"}