Spending on Energy Efficient Buildings in Europe Is Expected to Total Nearly $800 Billion From 2014 Through 2023

August 28, 2014

Enforcement and activity vary widely from country to country, report finds

Buildings account for 40 percent of Europe’s final energy consumption, and thus represent a key focus in efforts to improve overall energy efficiency.  Two key pieces of European Union (EU) legislation, the Energy Performance of Buildings Directive (EPBD) and the Energy Efficiency Directive (EED), strongly influence the market for energy efficient buildings and create a solid basis for growth in the sector over the next 10 years.  Click to tweet: According to a new report from Navigant Research, cumulative spending on energy efficient buildings in Europe – including products and services –is forecast to total $791.7 billion from 2014 through 2023.

“The EED aims to achieve 20 percent improvements in energy efficiency, carbon emissions, and the penetration of renewable energy,” says principal research analyst Eric Bloom.  “Although we believe it is likely to fall short of its goals, it will play a big role, along with the EPBD, in expanding the energy efficient buildings market across the region.”

Overall, the policy landscape for energy efficiency in Europe is among the most stringent in the world, though enforcement and coherence across the whole of Europe is a concern, according to the report.  As with all EU legislation, individual member states are required to draft national-level legislation to fulfill the mandates of the directives.  Countries vary widely in the completeness and the ambition of their energy efficiency programs, with the member states of Northern Europe tending to be the leaders in energy efficiency policy.

The report, “Energy Efficient Buildings: Europe,” analyzes the European market for residential and commercial building energy efficient products and services.  It summarizes the market drivers and barriers for energy efficient products and services, including energy service company (ESCO) energy performance contracting, across the policy and technology landscape in Europe.  Market forecasts for revenue, broken out by product, development, and building type and European region, extend through 2023.  The report also examines the key technologies related to building energy efficient 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: Europe,” 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 Sales of High-Bay Luminaires and Lamps Are Expected to Total Nearly $20.4 Billion by 2024
The falling prices of light-emitting diode luminaires and lamps are critical to an increasing adoption rate • A recent report from Navigant Research examines the market for industrial and high-bay lighting…
Read More »
Annual Revenue from Outdoor Lighting Controls Is Expected to Reach $1.3 Billion by 2025
Falling LED prices and adoption of intelligent controls are driving growth in outdoor lighting systems • A new report from Navigant Research analyzes the global market for outdoor lighting and…
Read More »
Utility Involvement in the Emerging U.S. Residential Energy Storage Market is Expected to be Crucial to Further Growth
Collaborations between utilities and residential system providers have been one of the key factors in the industry’s growth to date • A new slide-based report from Navigant Research analyzes the U.S. residential energy storage (RES)…
Read More »
The Global Penetration of Smart Meters is Expected to Reach Approximately 53% by the End of 2025
Large-scale smart meter deployments are underway across Western Europe, while new deployments continue among later adopters in the United States • A new report from Navigant Research analyzes the global market opportunity for smart electric…
Read More »
View All News

{"userID":"","pageName":"Spending on Energy Efficient Buildings in Europe Is Expected to Total Nearly $800 Billion From 2014 Through 2023","path":"\/newsroom\/spending-on-energy-efficient-buildings-in-europe-is-expected-to-total-nearly-800-billion-from-2014-through-2023","date":"9\/24\/2016"}