Businesses, as well as residential users, utilities and governments, are expected to increase spending on energy efficiency programs, according to Navigant Research. The firm predicts that outlays will more than double – from $25.6 billion to $56.1 billion – between 2017 and 2026.
An indicator of the heightened spending, the press release says, is that the increase in mergers and acquisitions among utilities, technology providers and energy equipment manufacturers. The release says that Europe, in an effort to reduce energy consumption and related emissions, will be the biggest spender. It will invest $21.4 billion by 2026.
