Navigant Research Report Shows Annual Energy Efficiency Spending in North America Is Expected to Reach Nearly $11.3 Billion in 2028

Decreasing technology prices and the possibility of third-party
energy efficiency program administration are helping to drive energy
efficiency spending in North America

BOULDER, Colo.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/DER?src=hash” target=”_blank”gt;#DERlt;/agt;–A new report from Navigant
Research
analyzes the North American energy efficiency
implementation market, providing market forecasts, segmented by energy
sector and country, through 2028.

As the global electric power industry shifts toward a cleaner,
distributed energy ecosystem known as the Energy Cloud, energy
efficiency programs are also evolving. Electric energy efficiency in
North America is moving to integrate other distributed energy resources
(DER) to help ensure grid reliability, meet state and provincial
efficiency requirements, and help some localities meet their emissions
reduction targets or other energy goals. Click
to tweet
: According to a new report from @NavigantRSRCH,
annual energy efficiency spending in North America is expected to reach
nearly $11.3 billion in 2028, with a compound annual growth rate of 4.6%
over the forecast period (2019-2028).

“The developing use cases and the increasing integration of utility
energy efficiency programs with DER suggest continued growth of energy
efficiency over the coming decade as more connected devices come online,
and utilities simultaneously work to ensure grid reliability,” says
Brett Feldman, research director with Navigant Research.

According to the report, decreasing technology prices and the
possibility of third-party program administration—vendors and service
providers that contract with utilities or other program administrators
to manage energy efficiency programs—are also driving energy efficiency
spending in North America. While steady growth is expected to continue
through the decade, regulatory inconsistency, tight pricing margins, and
a market saturation of energy efficiency technologies present challenges.

The report, North
American Utility Energy Efficiency Program Implementation
,
analyzes the North American energy efficiency implementation market. The
study examines drivers behind the newly developing business models for
energy efficiency as well as implementation challenges. North American
market forecasts, segmented by energy sector and country, extend through
2028. The report also profiles key energy efficiency implementers and
provides recommendations for both implementers and utilities looking to
expand their offerings in the evolving energy efficiency space. 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
clean, intelligent, mobile, and distributed energy. Additional
information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report,
North American Utility Energy Efficiency Program
Implementation, is a summary and reflects Navigant Research’s current
expectations based on market data and trend analysis. Market predictions
and expectations are inherently uncertain and actual results may differ
materially from those contained in this press release or the report.
Please refer to the full report for a complete understanding of the
assumptions underlying the report’s conclusions and the methodologies
used to create the report. Neither Navigant Research nor Navigant
undertakes any obligation to update any of the information contained in
this press release or the report.

Contacts

Navigant Research
Lindsay Funicello-Paul
+1.781.270.8456
lindsay.funicello.paul@navigant.com

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