BOULDER, Colo.--(BUSINESS WIRE)--A new report from Navigant Research examines the global market for energy efficient HVAC technologies in commercial buildings, providing market forecasts segmented by technology and region through 2027.
To support the global shift towards the electrification of the grid, innovative energy efficient technologies are hitting the market to connect. Trailing the trends of Internet of Things, demand response, and grid connectivity, new energy platforms offer increased energy and demand savings to commercial buildings through optimization. Click to tweet: According to a new report from @NavigantRSRCH, global revenue for energy efficient commercial HVAC technologies is expected to increase to $61.2 billion in 2027.
“These technologies support Energy Cloud platforms such as Building-to-Grid, Transportation-to-Grid, and Smart Cities,” says Courtney Marshall, Research Analyst of Navigant Research. “Efficient HVAC technologies enable connections to the grid to commercial buildings by optimizing equipment operations, all while maintaining comfort for their building occupants.”
According to the report, another significant driver of these technologies involves the regulatory environment that promotes commercial buildings, specifically the smart controls that allow buildings to intelligently manage operations. The global forecast for energy efficient commercial HVAC systems revenue is expected to increase from $29.4 billion in 2018 to $61.2 billion in 2027 with Asia Pacific being the geographic leader with an anticipated revenue growth of $39.3 billion by 2027. Meanwhile, Western Europe is expected to reach over $12.1 billion.
This Navigant Research report, HVAC Energy Efficiency in Commercial Buildings, provides a comprehensive analysis of energy efficient HVAC technologies for commercial buildings. The study analyzes the key market drivers and barriers, as well as regional market dynamics, related to energy efficient commercial HVAC systems. Global market forecasts, segmented by technology and region, extend through 2027. The report also examines the competitive landscape and main technologies related to energy efficient HVAC systems, including unitary systems, heat pumps, furnaces, boilers, variable refrigerant flow (VRF) systems, chillers, and geothermal heat pumps (GHPs).
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 Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, HVAC Energy Efficiency in Commercial Buildings, 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.