Energy Efficient Building Goes High Tech

The landscape for energy-efficient building technologies may be changing more rapidly today than it has at any point in its history. New market trends such as digitization, service offerings, the IoT (Internet of Things), and the ubiquitous nature of software systems are bringing new dynamics of operation and competition.

According to a new report from Navigant Research, the global market for energy efficient building technologies is expected to reach $227.4 billion in 2017 and grow to nearly $360.6 billion in 2026.

Participants in the energy efficient building equipment value chain are creating new products and services that broaden and deepen market penetration with increased simplicity, or through added sophistication. Digitization is allowing improved building performance, while also changing the competitive dynamics of the industry.

Global buildings offer a focal point for affordably reaching the global sustainability goals established for energy and water consumption, materials use, and waste disposal. Efficiency opportunities in buildings provide an ample resource that is readily available in every region and country of the world, as well as an inexpensive alternative to other sources of generation.

The difficulty in this market is the uniqueness of each building and the wide variety of individual needs, resources, and experience levels. The contractors who can keep up with the changing landscape of the technology for energy efficiency in buildings will have the advantage. As the push for sustainability increases, these types of projects will increase as well.

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