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A new report from Navigant Research examines the European market for energy efficient building technologies, providing market forecasts through 2026, segmented by commercial building type and new construction or retrofit spending.
Advancements in intelligent building technologies are evolving toward an integrated ecosystem of components and sensors that work together as a platform for optimizing facility operations. Making use of these advancements will be key for Europe to maintain efficiencies already gained, while discovering deeper efficiencies necessary to meet lofty future goals. According to a new report from @NavigantRSRCH, energy efficient building technology spending in Western and Eastern Europe is expected to grow from $83.5 billion in 2017 to $111.9 billion in 2026.
“Europe has been a global leader in sustainability legislation and initiatives, with commercial buildings playing an essential role in meeting ambitious targets set for 2020,” says Tom Machinchick, principal research analyst at Navigant Research. “Intelligent digital building technologies will be necessary for Europe to continue toward its long-term goals of significantly increasing efficiency while reducing overall carbon emissions. A certain level of efficiency can be attained with relative ease, but as future efficiency targets get deeper, so must the building efficiency projects and the technologies that support those efforts.”
Western European countries have exhibited significant commitment to energy- and emissions-related goals, including through legislation such as the Energy Performance of Buildings Directive (EPBD) and the Energy Efficiency Directive (EED), which will play a leading role in helping the EU to realize deeper building efficiency while retaining gains. Meanwhile, energy efficiency priorities in Eastern Europe often lie in the more unreliable and inefficient energy infrastructure versus in buildings, yet interest in developing more robust mechanisms to facilitate building efficiency in the region is building.