Energy Efficient Buildings: Global Outlook

Advanced HVAC, Lighting, Water Efficiency, Building Controls, Energy Management Systems, and Energy Service Companies: Global Market Analysis and Forecasts

Energy efficiency has become a central part of corporate and government strategies to reduce carbon emissions and manage assets in a more strategic manner. 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.

Technology- and service-level innovation show the market’s response to the growing interest in and proven cost-effectiveness of energy efficient products and services for buildings. 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. According to Navigant Research, the global market for energy efficient building products and services is expected to grow from $307.3 billion in 2014 to $623.0 billion in 2023.

This Navigant Research report 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.

Key Questions Addressed:
  • What are the key market forces influencing the adoption of energy efficient building solutions?
  • Which barriers are preventing the energy efficient building market from ramping up more dramatically?
  • What are the major energy consumption trends for commercial buildings?
  • How quickly is energy efficient building technology revenue expected to grow through 2023 for each of the technologies considered?
  • Which regions are experiencing the strongest market growth for energy efficient building products and services?
Who needs this report?
  • Heating, ventilation, and air conditioning (HVAC) system and controls manufacturers
  • Lighting equipment and controls manufacturers
  • Building energy management software vendors
  • Building facility management companies
  • Energy service companies (ESCOs)
  • Utilities
  • Government agencies
  • Investor community

Table of Contents

1. Executive Summary

1.1  Overview

1.2  Defining Energy Efficiency

1.3  Dynamics in the Energy Efficient Building Market

1.4  Market Outlook

2. Market Issues

2.1  Overview of Energy Efficient Building Markets

2.1.1   Defining Energy Efficient Buildings

   2.1.1.1  Deep Energy Efficiency

   2.1.1.2  Green versus Efficient Buildings

   2.1.1.3  Definition of Energy Efficient Buildings

2.2  Commercial Building Sector Definition

2.2.1   Office

2.2.2   Retail

2.2.3   Education

2.2.4   Healthcare

2.2.5   Hotels & Restaurants

2.2.6   Institutional/Assembly

2.2.7   Warehouse

2.2.8   Transport

2.3  Energy Efficiency Market Ecosystem

2.3.1   Equipment Manufacturers

2.3.2   Energy Service Companies

2.3.3   Architectural, Engineering, and Contracting Service Providers

2.3.4   Real Estate Companies

2.3.5   Financial Institutions

2.3.6   Utilities

2.3.7   Demand Side

   2.3.7.1  Public Sector Customers

   2.3.7.2  Private Sector Customers

2.4  Market Drivers and Barriers

2.4.1   Market Drivers

   2.4.1.1  Energy Price Increase and Volatility

   2.4.1.2  Energy Efficiency Policy

   2.4.1.3  Corporate Sustainability Initiatives

   2.4.1.4  New Technology Offerings

   2.4.1.5  Green Building Certification

2.4.2   Market Barriers

   2.4.2.1  Financing Challenges

   2.4.2.2  Split Incentives

   2.4.2.3  Lengthy Payback Periods

2.5  Key Dynamics by Region

2.5.1   North America

   2.5.1.1  United States

   2.5.1.2  Canada

2.5.2   Europe

   2.5.2.1  United Kingdom

   2.5.2.2  Germany

   2.5.2.3  France

   2.5.2.4  Rest of Europe

      2.5.2.4.1.  EU EED

2.5.3   Asia Pacific

   2.5.3.1  China

   2.5.3.2  Japan

   2.5.3.3  India

   2.5.3.4  South Korea

   2.5.3.5  Australia

   2.5.3.6  Southeast Asia

2.5.4   Latin America

   2.5.4.1  Brazil

2.5.5   Middle East

   2.5.5.1  United Arab Emirates

2.5.6   Africa

   2.5.6.1  South Africa

3. Technology Issues  

3.1  Definition of Energy Efficient Building Technologies

3.2  Overview of Mechanical and Electrical Technologies

3.2.1   HVAC Technologies

   3.2.1.1  Unitary Systems

   3.2.1.2  Heat Pumps

   3.2.1.3  Furnaces and Boilers

   3.2.1.4  Ductless Cooling Systems

   3.2.1.5  Engineered Cooling Systems

   3.2.1.6  Ventilation Systems

   3.2.1.7  Variable Refrigerant Flow

3.2.2   Lighting Technologies

3.2.3   Controls

   3.2.3.1  HVAC Controls

   3.2.3.2  Lighting Controls

   3.2.3.3  BMSs

3.2.4   Water Efficiency

   3.2.4.1  Low-Flow, Low-Flush, and Zero-Flush Fixtures, Toilets, and Urinals

   3.2.4.2  Greywater Systems

3.2.5   BEMS

3.3  Overview of Building Envelope Technologies

3.3.1   Steel

3.3.2   Concrete

3.3.3   Glass

3.3.4   Insulation

3.3.5   Innovations in Materials

3.4  Overview of Services

3.4.1   Installation and Labor

3.4.2   Commissioning Services

4. Key Industry Players  

4.1  Tier One Players

4.1.1   Daikin

4.1.2   Hitachi Group

4.1.3   Honeywell

4.1.4   Johnson Controls

4.1.5   Mitsubishi Electric

4.1.6   OSRAM

4.1.7   Philips

4.1.8   Schneider Electric

4.1.9   Siemens

4.1.10   Trane

4.2  Other Major Players

4.2.1   Ameresco

4.2.2   Azbil

4.2.3   CBRE

4.2.4   Cofely (GDF Suez)

4.2.5   Danfoss

4.2.6   E.ON Energy Services

4.2.7   JLL

4.2.8   LG Electronics

4.2.9   NTT Facilities

4.2.10   Samsung Group

   4.2.10.1   Samsung C&T

   4.2.10.2   Samsung Everland

   4.2.10.3   Samsung LED Co.

   4.2.10.4   Samsung Techwin

4.2.11 United Technologies Corp. Building & Industrial Systems

   4.2.11.1   Carrier

   4.2.11.2   NORESCO

   4.2.11.3   Onity

   4.2.11.4   Automated Logic

4.2.12  YIT Group

5. Market Forecasts   

5.1  Overview

5.1.1   Methodology

5.1.2   Product/Service Types

5.2  North America

5.2.1   Market by Product/Service

5.2.2   Market by Construction Type

5.3  Western Europe

5.3.1   Market by Product/Service

5.3.2   Market by Construction Type

5.4  Eastern Europe

5.4.1   Market by Product/Service

5.5  Asia Pacific

5.5.1   Market by Product/Service

5.5.2   Market by Construction Type

5.6  Latin America

5.6.1   Market by Product/Service

5.7  Middle East

5.7.1   Market by Product/Service

5.7.2   Market by Construction Type

5.8  Africa

5.8.1   Market by Product/Service

5.8.2   Market by Construction Type

5.9  Global Markets

5.9.1   Market by Product/Service

5.9.2   Market by Region

5.10  Conclusions and Recommendations

6. Company Directory
7. Acronym and Abbreviation List
8. Table of Contents
9. Table of Charts and Figures
10. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Commercial Building Stock by Region, World Markets: 2014-2023
  • Electricity Prices by Key OECD Country, World Markets: 2005-2013
  • Number of Energy Efficiency Policies by Country and Type, World Markets: 2014
  • Annual LEED-Certified Space by Certification Type, World Markets: 2000-2014
  • Payback Periods for Select Energy Efficiency Measures: 2014
  • Demand-Side Management Program Budget, North America: 2009-2013
  • Energy Efficient Building Revenue by Product and Service Type, North America: 2014-2023
  • Energy Efficient Building Revenue by Construction Type, North America: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Western Europe: 2014-2023
  • Energy Efficient Building Revenue by Construction Type, Western Europe: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Eastern Europe: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Asia Pacific: 2014-2023
  • Energy Efficient Building Revenue by Construction Type, Asia Pacific: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Latin America: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Middle East: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Africa: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, World Markets: 2014-2023
  • Energy Efficient Building Revenue by Region, World Markets: 2014-2023
  • Energy Efficient Building Revenue by Construction Type, Eastern Europe: 2014-2023
  • Energy Efficient Building Revenue by Construction Type, Latin America: 2014-2023
  • Energy Efficient Building Revenue by Construction Type, Middle East: 2014-2023
  • Energy Efficient Building Revenue by Construction Type, Africa: 2014-2023

List of Tables

  • Commercial Building Stock by Region, World Markets: 2014-2023
  • Electricity Prices by Key OECD Country, World Markets: 2005-2013
  • Number of Energy Efficiency Policies by Country and Type, World Markets: 2014
  • Annual LEED-Certified Space by Certification Type, World Markets: 2000-2014
  • Payback Periods for Select Energy Efficiency Measures: 2014
  • Demand-Side Management Program Budget, North America: 2009-2013
  • Energy Efficient Building Revenue by Product and Service Type, North America: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, North America:
    2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, North America:
    2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, United States: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, United States:
    2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, United States:
    2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Canada: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, Canada: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, Canada: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Western Europe: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, Western Europe: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, Western Europe: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Germany: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, Germany: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, Germany: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, United Kingdom: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, United Kingdom: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, United Kingdom: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, France: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, France: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, France: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Rest of Western Europe: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, Rest of Western Europe: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, Rest of Western Europe: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Eastern Europe: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, Eastern Europe: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, Eastern Europe: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Asia Pacific: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, Asia Pacific:
    2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, Asia Pacific:
    2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, China: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, China: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, China: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Japan: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, Japan: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, Japan: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, India: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, India: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, India: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, South Korea: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, South Korea:
    2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, South Korea:
    2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Australia: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, Australia: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, Australia: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Rest of Asia Pacific: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, Rest of Asia Pacific: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, Rest of Asia Pacific: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Latin America: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, Latin America:
    2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, Latin America:
    2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Brazil: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, Brazil: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, Brazil: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Rest of Latin America: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, Rest of Latin America: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, Rest of Latin America: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Middle East: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, Middle East:
    2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, Middle East:
    2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Africa: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, Africa: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, Africa: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, World Markets: 2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, New Construction, World Markets:
    2014-2023
  • Energy Efficient Building Revenue by Product and Service Type, Existing Buildings, World Markets:
    2014-2023
  • Energy Efficient Building Revenue by Region, World Markets: 2014-2023

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