Market and Economic relevance

Market relevance

The building stock in Europe is about 196 millions of dwellings1 corresponding to about 160 millions of buildings2, while new buildings represent yearly about 1.5% of the building stock3. About 70% of the total energy stock was constructed after 19454, which is the main market for building retrofitting.
Residential buildings, considering single family houses (1-2 families), multifamily houses (more than 2 dwellings and less than 9 storeys) and high rise buildings (higher than 8 storeys), represent about 80%5 of the total building stock. Multifamily houses and high rise buildings represent 47% (in number of buildings) of the residential building stock in EU25 (JRC Study).

Distribution of buildings per year of construction in EU-27

Distribution of buildings per year of construction in EU-27.6

 

More than the 50% of the residential buildings were built before 1970 and around 1/3 were built between 1970 and 19907, The European Energy Performance of Buildings Directive (EPBD) was established in 2002, this means the potential impact on reduce energy consumption in building sector is mainly in retrofitting mmultifamily houses and high rise buildings, our project is referring directly to these typologies because they represent a much higher percentage in number of dwellings and in terms of façade surface compare with single family houses and therefore a much higher potential impact in terms of energy savings and increase the indoor comfort of a much higher number of dwellers.

Residential refurbishment building market could be increase in future years due the fact that for many building owners, capital costs are a barrier to investing in energy efficient building retrofits. In order to reduce the payback periods and increase the market penetration, it’s essential to reduce the investment cost for end users, to do so, MeeFS Retrofitting will create a business model to achieve agreements with energy service companies (ESCOs) to scale up the global retrofits through energy performance contracting (EPC). Using EPC, a building retrofit generates guaranteed energy savings that, over a number of years, is equal to the cost of the project including financing costs. Typically, owners can then keep these cost savings or apply them towards their debt repayment on the project. In this way, owners immediately realize the positive impact that energy efficiency investment can have on operating budgets.

The economic impact of the retrofitting façade

The residential refurbishment building market currently represents 348 billion Euros per year accounting for the 30% of the total building sector output. The forecast of the building market is to produce an output of around 545 billion per year for refurbishment of existing buildings during the next 5 years, from which around 65% comes from residential buildings8.

The MeeFS façade system could potentially represent about the 0,05% of the total retrofitting business in the following five years after the completion of the project (27.000 M€). If we consider the addition of a new business model to façade of EPC, an increase of 2% on the market estimations could be achieved in the first 5 years of the market adoption of MeeFS Retrofit technologies and business models in the whole market.

The economic impact of the pre-fabricated installation

An analysis comparing the economic impacts of traditional ventilated façade systems and that of the pre-fabricated MeeFS system has also been made. When comparing the results, savings of up to 40% in terms of implementation costs of the on-site work have been estimated.

Other positive aspects of the MeeFS system is minimum disruption of the inhabitants of the buildings being retrofitted proven by a reduction of work time of up to 67% versus the installation of traditional façade systems; and the reduction of the amount of use of on-site scaffolding, replaced in the case of MeeFS by a simple crane that holds up to 3 tons9.

  1. Regular National Report on Housing Development in European Countries - synthesis report. The housing unit – Dublin, Ireland 2004.
  2. Mettering international issue 1 2005
  3. Energy Efficient Building European Initiative. European Construction Technology Platform web site.
  4. JRC Environmental Improvement Potentials of Residential Buildings (IMPRO-Building), 2008
  5. NMP Work Program 2007
  6. 2007-D-R0576/B TNO Report
  7. M. Norris, P. Shiels, Regular National Report on Housing Developments in European Countries, Synthesis Report, The Housing Unit, Dublin, Ireland, 2004.
  8. Euroconstruct, June 2008
  9. The calculation approximate weight of the panel, with 9 3x3m technological units is of 0.648 t.

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