BOULDER, Colo.--(BUSINESS WIRE)--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.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.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.