According to a new Market Data: Energy Efficient Buildings – Europe from Navigant Research, 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,” Machinchick said. “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).
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.