Commercial building owners to spend £565bn on energy efficiency measures by 2023

Energy management systems designed to help building owners slash their heating and electricity bills will become a top priority for the commercial segment in the near future, experts forecasting that up to £565bn might be invested in making sites more energy efficient by 2023.

The ‘Energy Efficiency Retrofits for Commercial and Public Buildings’ report was drawn up by Navigant Research and suggests that just just 15% of all energy efficiency retrofits have increased energy efficiency as the primary motivator, with payback periods for retrofit projects still being a “critical factor” for most building owners and managers.

Eric Bloom, principal research analyst for the company who has drawn up the study, commented: “Led by the Asia Pacific region, the global market for energy efficiency commercial building retrofits is expected to grow at more than 7% a year through 2023.

“While government mandates play an important part in driving this growth, many retrofit projects are being undertaken on a voluntary basis, as corporate sustainability initiatives spread.”

The HeatingSave Building Energy Management System helps customers save more than 30% on their bills by optimizing any heating system’s overall functionality. This is done by taking into account a variety of factors, such as internal and external temperatures, occupancy, time of the year, the particular characteristics of installed boilers, etc. All of the data is used in order to determine the best heating patterns for the various heating zones within any building, using our proprietary heat-loss algorithm.

The end result is that users still get a very good level of comfort, while in the same time saving energy and money in the process.

If you’d like to find out more details on all the features HeatingSave has in store, just contact our dedicated product team, they’ll be more than happy to provide you with all the necessary information.