MILWAUKEE, April 29, 2020 /PRNewswire/ -- Today, Johnson Controls (NYSE: JCI) released the findings from its 2019 Energy Efficiency Indicator study to gauge respondents' plans to invest in energy efficiency. The survey – in its 13th year – was completed in December 2019 prior to the widespread outbreak of the global COVID-19 pandemic, and at the time, found that almost two-thirds of global respondents (64 percent) planned to increase investment in energy efficiency, renewable energy and smart building technology.
"Although we are in a very different environment than we were when the survey was fielded, we do see commitments to energy efficiency as promising and hope when the economy rebounds, these investments will come to fruition," said Clay Nesler, vice president of global sustainability and regulatory affairs at Johnson Controls. "When we fielded this survey in 2010, we found that the economic recession had a surprisingly limited impact on energy efficiency investment."
Key findings include:
"As we reset from COVID-19, we have the opportunity to rebuild smarter and better, this includes how we think about our infrastructure. As the world enters a period of economic recovery, investment in building infrastructure will be important to increase resilience, improve public health and protect the environment," continued Nesler.
In order to drive efficiency investment in these difficult and uncertain times, a number of challenges need to be addressed. This year, respondents noted that the greatest barrier to investment is lack of funding to pay for improvements. Last year the greatest barrier was lack of technical expertise to evaluate or execute projects.
For more information about the 2019 Energy Efficiency Indicator survey, see https://www.johnsoncontrols.com/insights/2020/featured-story/2019-energy-efficiency-indicator
The 2019 Energy Efficiency Indicator (EEI) survey included more than 1,300 facility and energy management executives in Brazil, China, France, Germany, India, Japan, Mexico, UK/Ireland, United Arab Emirates and the United States. The survey was administered anonymously by Navigant Research from November 22 to December 10, 2019.
About Johnson Controls:
At Johnson Controls, we transform the environments where people live, work, learn and play. From optimizing building performance to improving safety and enhancing comfort, we drive the outcomes that matter most. We deliver our promise in industries such as healthcare, education, data centers and manufacturing. With a global team of 105,000 experts in more than 150 countries and over 130 years of innovation, we are the power behind our customers' mission. Our leading portfolio of building technology and solutions includes some of the most trusted names in the industry, such as Tyco®, York®, Metasys®, Ruskin®, Titus®, Frick®, Penn®, Sabroe®, Simplex®, Ansul® and Grinnell®. For more information, visit www.johnsoncontrols.com or follow us @johnsoncontrols on Twitter.
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SOURCE Johnson Controls International plc