Navigant: Global annual spending for energy efficient building for healthcare facilities to reach $6.4B by 2027

Thursday September 6, 2018 0 comments Tags: Boulder, Navigant Research, Tom Machinchick

BOULDER -- Global annual spending for energy efficient building technologies for healthcare facilities is expected to reach $6.4 billion by 2027, according to a new report from Navigant Research.NavigantNEWlogoUSE

The report examines the global market for energy efficient building technologies in healthcare facilities, providing global market forecasts, segmented by product and service type, construction type, and region, through 2027.

As the healthcare industry joins the energy efficient building technologies market, Navigant said healthcare-related facilities face many challenges due strict requirements and an increased pressure to contain costs while maintaining high satisfaction ratings from patients. 

“Healthcare facilities face some unique challenges when compared to other types of commercial buildings, from continuous operations, to stringent environmental and operational requirements,” said Tom Machinchick, Navigant principal research analyst.

“Healthcare buildings are as much a part of critical care and healing as the medical equipment and staff, and intelligent building technologies are helping healthcare facilities of all types to meet these demands while enabling them to compete with other healthcare providers and dramatically improve the patient and visitor experience.”

While cost efficiencies represent a significant benefit, technology can also improve the indoor environment of healthcare facilities, including air, power, and lighting quality.

According to the report, energy efficient building technologies integrated with intelligent building solutions such as the Internet of Things and software as a service can add even more value to healthcare facilities by realizing significant energy savings, reasonable ROI, and increased non-energy-related operational efficiencies.

The report, Energy Efficient Buildings – Healthcare, analyzes the global market for energy efficient building technologies in healthcare facilities. The study examines the opportunities and challenges afforded by the installation of energy efficient HVAC, lighting, controls, water efficiency, water heating, and building envelope products, as well as commissioning and installation services.

Global market forecasts, segmented by product and service type, construction type, and region, extend through 2027. The report also analyzes the market issues, including market drivers and hurdles and vendor opportunities, related to energy efficient building technologies in healthcare facilities.

An Executive Summary of the report is available for free download on the Navigant website.