Zero-energy Building Market Size, Share, Industry Growth, Future Demand and Trends and Forecast 2018-2023
zero energy buildings market is carried out on the basis of equipment, application, and region
Pune, India – January 21, 2019 /MarketersMedia/ —
The importance of green buildings is gaining importance as the pollution levels globally reach an all-time high. Market reports associated with the construction industry have been produced by Market Research Future which makes reports on other industry verticals that aims to analyze the recent market scenarios. The market is anticipated to realize a CAGR of 10.12% in the course of the forecast period.
The ability of zero energy buildings in effectively combining the concepts of energy efficiency and renewable energy generation is increasing their implementation globally. Increasing attraction of government and private bodies towards reaping the benefits of a zero-energy building is also translating positively for the overall growth of the market. Moreover, the cost efficiencies gained by the development of zero-energy buildings is expected to provide an optimistic market outlook for growth in the approaching years.
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Segmental Analysis
The segmentation of the zero energy buildings market is carried out on the basis of equipment, application, and region. On the basis of equipment, the zero energy buildings market is segmented into walls & roofs, Lighting, HVAC Systems, and others. The application-based segmentation of the zero-energy building market is segmented into non-residential buildings and residential buildings. The regions included in the zero-energy building market are North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Detailed Regional Analysis
The regional analysis of the zero energy buildings market comprises of regions such as South America, Asia Pacific, North America, Europe, and Middle East & Africa. The North American region was responsible for the principal market share in 2016. The presence of countries such as Canada and the U.S. are the primary adopters of technologies, which has caused high growth in zero energy building market. Furthermore, the sustainability of the European society and economy is hugely based on resource efficiency and renewable energy. With regards to the building sector, there is an increasingly large-scale deployment of nearly Zero-Energy Buildings (ZEBs). The strict government regulations similar to the European Union directive, authorizing near zero-energy construction in all new projects by 2021 will push down costs and boost energy-efficient innovations. Moreover, the minimal operational & maintenance expenses and the pressure of environmental regulations relating to emissions are the key factors that will motivate the zero-energy building market across the globe. Also, the government in advanced countries has presented incentives and policies to encourage green construction, which can supplement the development of this market.
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Competitive Analysis
Increased conformity of market players to new customers and market trend inclinations are boosting the growth curve of the market and will persist in the forecast period. Substantial cuts in administrative costs are inducing further expansion of the market. The effective implementation of strategies is likely to stimulate the market in the coming years. The expansion of a strong value chain is additionally motivating the development of the market. The development of the market is progressing towards a promising direction due to new product introductions or intensifying gross revenue of the players in the market. The vertical supplements and product tactics of the market are advancing the potential of the market players. The tactical goals intended for the market are buoyed due to advantageous product differentiation carried out by market contestants.
The zero-energy buildings market comprises of contenders such as SunPower Corporation (U.S.), Kingspan Group (shifting), Johnson Controls International Plc (U.S.), General Electric (U.S.), Siemens AG, Schneider Electric SE, Solatube International, Inc. (U.S.), and Saint-Gobain.
Industry Updates:
Dec 2018 Canada has recently unveiled its major net-zero energy building that has opened in Ontario. The Joyce Centre for Partnership and Innovation at Mohawk College was conceived by B+H and McCallum Sather Architects to symbolize environmental technologies aimed at lowering the building’s carbon footprint. The building which has a net-zero footprint was made to prove Mohawk’s vision to be an epicenter for environmental governance.
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