Search form

    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

    Arlington Industries, Inc. and Bridgeport Fittings, Inc. today announced that they have reached an agreement that settles all litigation currently pending between the companies. In connection with this settlement, Arlington has received payment of $1.37 million for the judgment in case No. 3:06-cv-1105 in the Middle District of Pennsylvania against Bridgeport’s 3838ASP and 3838SP Whipper-Snap Duplex connectors. Bridgeport has dismissed its appeal from that judgment and Arlington has dismissed its cross-appeal seeking attorney’s fees.

    FortWhyte Alive is unveiling the largest solar installation in the City of Winnipeg. The 60 kilowatt (kW) installation is made possible thanks to support from Bullfrog Power, Investors Group and Manitoba Hydro's Solar Energy Program.

  • Keeping Current

    MAGIC LITE LTD., an innovator and leader in architectural and specialty lighting products, welcomes the following employees: Allan Langvee has taken on the Sales & Customer Service Manager position; Shelley Hussey is the new Assistant Bookkeeper; Samantha Bortolotti appointed to the Customer Service Representative/Order Entry position; and Adrian Andronic the new Product Manager. Kara Wenner will assume the role of Marketing Coordinator and Customer Service Representative.

    RITTAL SYSTEMS LTD., a world leading manufacturer of enclosure solutions, welcomes Franklin Empire to its distribution/partner network in Canada. With a rich family history dating back to the 1940’s and an extensive distribution network in Ontario and Quebec, Franklin Empire Inc. is the largest independently owned electrical distributor in Canada.

    Tim Rourke, President, Rittal Systems Ltd., said, “Franklin Empire is known for their expertise in the electrical distribution industry, as well as in manufacturing and processing automation. Rittal Systems is confident that partnering with Franklin will expand our reach to new areas and industries, and will be a win-win for our customers.”

    BROCKWAY ENTERPRISES Owner and President, Thomas Brockway, annnounces the appointment of Troy Sampson as its New Brunswick Sales Representative. Troy has spent the past several years in various capacities with Siemens Canada in Moncton. He has an Electrical Engineering Technology Diploma from NSCC, NSIT in 1999 and is a member of the NB Society of Certified Engineering Technicians & Technologists.

    "We look forward to Troy working as an integral part of Team Brockway and contributing to our continuous efforts in growing our sales and market share for you, our Manufacturers," said Thomas.

    Troy can be reached at 506.850.9192 or e-mail troy.sampson@brockway.ca.

  • Product Showcase

    BENDER LifeGuard series ground fault circuit interrupters (GFCIs) extend the capabilities of standard GFCIs to the detection of ground leakage currents in all stages of power conversion equipment, from simple rectifiers to sophisticated variable frequency drives. LifeGuard series GFCIs can detect both AC and DC ground leakage current. A wide range of voltages, load amperages, and options are available. LifeGuard GFCIs are simple to install and require a minimal amount of connections.

    Magic Lite 2013 Ltd. announces its new selection of decorative lighting options for a multitude of applications, providing designer quality light solutions while maintaining tremendous energy saving. The ever expanding selection of LED lighting solutions now includes brand-new Vanity Lights, Wall Sconces and Ceiling lights for a variety of uses including residential, commercial and the hospitality industry.

    LSI Industries will proudly unveil its newest gas station canopy fixture in the Scottsdale® family – the Scottsdale® Vertex™ – at the upcoming NACS/PEI tradeshow from October 18th - 20th. LSI established its reputation over 40 years ago based largely on the strengths of its lighting innovations for gas stations and convenience stores. The new, best-in-class Scottsdale Vertex LED canopy fixture further demonstrates how LSI continues to pioneer innovations for gas stations to this day. It features advanced silicone optics, multiple lumen packages, and an attractive, low-profile design.

    The new WAGO smartCUTTER automates cutting of marking material on the WAGO smartPRINTER. WAGO’s thermal transfer printer, already the fastest terminal block labeling system in the industry, is now even faster with automatic cutting.

    The compact smartPRINTER (Version 1.1) prints and cuts a wide range of marking materials for terminal blocks, cables or conductors and devices. Download the smartDATA brochure for information, and for more on the latest from WAGO, visit www.wago.us/news.

    www.wago.us

  • Product Safety Alert