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    Global Government & Utility Energy Efficiency Program Spending Expected to Exceed $56B in 2026

  • Mar 09, 2017

    A new report from Navigant Research analyzes global government and utility energy efficiency program spending and capacity, examining the related market issues and providing market forecasts for capacity and revenue, broken out by region and segment, through 2026.

    Each year, governments and utilities allocate billions of dollars toward energy efficiency initiatives, while businesses and residential consumers also spend on energy efficiency improvements to their homes and facilities. Data trends indicate that energy efficiency spending is expected to increase, and an uptick in mergers and acquisitions of energy efficiency services firms signals that utilities, technology providers, and energy equipment manufacturers are all stepping into the market. According to a new report from Navigant Research, global government and utility energy efficiency spending is expected to grow from $25.6 billion in 2017 to $56.1 billion in 2026.

    “The largest region of spending is expected to be Europe, reaching $21.4 billion in 2026 due to an increased emphasis on reducing energy consumption and related emissions,” says Brett Feldman, principal research analyst with Navigant Research. “Globally, as energy efficiency spending and savings expand, utilities and solution providers will have to adjust their business models to find new ways to profit and create value for consumers, or they will risk losing revenue and market share.”

    In some markets, low energy demand outlooks have prompted traditional energy utilities to offer energy services as a way to expand their revenue, according to the report. In addition, growth in the use of remote monitoring, control, and data analytics is enabling new business models and service solutions, further encouraging growth in energy efficiency program spending.

    The report, Market Data: Global Energy Efficiency Spending, examines global government and utility energy efficiency program spending and capacity. The study provides an analysis of the market issues, including drivers and barriers, associated with government and utility energy efficiency programs. Global market forecasts for capacity and revenue, broken out by region and segment, extend through 2026. The report also examines the energy efficiency policy performance rankings and growth trends of key global regions and countries. 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 Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.

  • Industry News

    Toyota Canada today took an important step towards the future of sustainable mobility in Canada, announcing that the Toyota Mirai – powered by hydrogen fuel cell electric powertrain technology – is coming to

    With its sustainable development strategy and diverse natural resources, Canada is today the 4th leading country in the world for clean energy adoption with two thirds of its electricity generated by renewable resources[1]. To help meet Canadian federal regulations requiring a 50% reduction in coal emissions by 2030 and Nova Scotia regulations requiring 40% renewable energy by 2020, Nexans has installed North America’s longest submarine electricity cables as part of the Maritime Link Project conducted by NSP Maritime Link Inc. (NSPML), an indirect subsidiary of Emera Inc.

  • Keeping Current

    BJ TAKE Vice President of Sales, Doug Wilson, announces that they have partnered with A.M. Agency in Alberta and Next Inc., headquartered in the maritime provinces, to bring its LED lighting products to the Canadian market.

    Doug explains “the significance of these partnerships is that prospective customers in Alberta and the maritime provinces can enjoy the energy-efficient lighting solutions offered by BJ Take while experiencing some of the best customer service in the industry”. He continued, “Canadian manufactured LED lighting products are important to both our environment and our economy. By buying a Canadian made product you are bolstering our economy while having access to local manufacturing that is both flexible and offers short lead times”.

    Stella Cammalleri         Céleste Tremblay

    STANDARD PRODUCTS announces the addition of two new Account Managers to its Montreal Sales Team.

    Stella Cammalleri joins STANDARD with more than 12 years experience in customer service, and a year in the lighting industry. "The addition of Stella will be a great addition to the Montreal Sales Team and will help the company maintain a high level of customer satisfaction," said STANDARD.

    STANDARD also welcomes Céleste Tremblay to its Montréal Sales Team. With more than 15 years of experience in customer service, Céleste will be a great help in building and maintaining relationships with existing and future customers.

    www.standardpro.com

    BJ TAKE recently announced that Upper Canada Industries will be taking over the Toronto territory. Vice President of Sales, Doug Wilson explained “the Toronto market represents a major portion of the Ontario marketplace and as such needed to have local customer service that specializes in distributor and specifier relations”. In addition to Central Ontario, Upper Canada Industries will focus on capturing a larger marketshare of the energy-efficient lighting industry in Toronto.

  • Product Showcase

    BlockMaster Electronics, Inc., a leading supplier of terminal blocks for electrical and electronic distribution, announces a new extension to its existing line of High Output Power modular feed-through terminal blocks, designed specifically for DIN Rail or panel mounting. The new 3-pole high-power block is rated at 90 Amps and 600 Volts for electrical applications in power panel distribution.

    Emerson launched an innovative new line of power supply redundancy modules delivering more operational reliability than competitors' modules, and ensuring additional protection against critical power failures in hazardous locations and harsh industrial environments.

    Universal Lighting Technologies, Inc., a global leader in lighting and a member of the Panasonic Group, is expanding its continuum of LED retrofit solutions with its EVERLINE® LED Professional Retrofit Kit (PRK). The pan-style fixture retrofit kit is designed to replace existing fluorescent solutions including prismatic troffers, direct/indirect luminaires, volumetric luminaires and parabolic luminaires.

    CBS ArcSafe®, a leading manufacturer of remote racking and switching solutions for low- and medium-voltage switchgear, introduces its remote switch actuator (RSA) for the Square D Type QMB Safelex 2000 A panelboard switch (PBS). The lightweight, portable CBS ArcSafe RSA-134H allows technicians to remotely close or trip a Square D PBS from a safe distance of up to 300 feet, well outside the arc-flash boundary.

  • Product Safety Alert