Building energy consumption has emerged as an important component in the movement toward greater energy efficiency. Specific industries stand to gain more than others as their buildings adopt more efficient technology. For example, a recent study projects tremendous growth in the market for building energy efficiency in the healthcare field.
Boulder, Colo.-based market research firm Navigant Research has released a study, “Energy Efficient Building Technologies for Healthcare Facilities: Global Market Dynamics, Value Propositions, and Forecasts,” examining the global market for energy efficient technologies in healthcare buildings.
“Healthcare facilities face some unique challenges when compared to other types of commercial buildings,” said Tom Machinchick, principal research analyst with Navigant Research.
Unlike in other buildings, energy- and water-related disruptions can be life-threatening in a healthcare facility. Competition and pressure to cut costs, while still offering high quality service, are also extremely high. Navigant looks at these challenges, as well as the potential for energy savings, which are significant. For example, the study notes that the average hospital uses 2.5 times the amount of energy compared to other commercial buildings.
With that kind of energy consumption, efficiency technology can have a huge impact. Cost efficiencies can help administrators meet their budgeting objectives. Efficiency technology can also help improve the indoor environment for the patients who stay in hospitals and the employees who work there.
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. It also notes that, when integrated with intelligent building solutions such as the internet of things and software as a service, efficiency technology can add even more value to healthcare facilities.
Global annual spending for energy efficient technologies for healthcare facilities is projected to reach $6.4 billion by 2027.