Market Synopsis:
Zero energy buildings are those buildings that are designed in a way that the net energy consumed by the building is equal to the renewable energy generated in that particular building. In the report published by Market Research Future MRFR, the global zero energy buildings market is supposed to register 12.66% CAGR during the evaluation period. It also estimates that the market value will exceed USD 22,000 Mn by 2027. The primary factor driving growth of the zero energy buildings market is that it is climate positive.
In an era where reduction in energy consumption is of utmost priority to save the environment, these buildings tend to gain popularity in the foreseeable future. In fact, the market for these buildings have already gained a quick mileage and is anticipated to gain further traction. Rising awareness among the architects and construction industry leaders are supposed to boost the growth rate of the zero energy buildings market in the upcoming years. It is also projected to catalyze investments in the global market place over the next few years.
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The increasing popularity of renewable energy is expected to have a positive impact on the growth of the zero energy buildings market. The governments are projected to support the proliferation of the market in the coming years. Also, these buildings are non-polluting. The rising problems related to pollution are also poised to accelerate expansion of the zero energy buildings market in the upcoming years. The market is projected to exhibit tremendous growth potential over the next couple of years. It is also anticipated to be driven by the increasing adoption of innovative technologies.
The emerging economies are poised to increase investments in zero energy buildings market in the near future. It is prognosticated to invest in enhancing sustainability, which is expected to drive market growth. These properties offer an advantage of higher resale value. It also helps in cutting down costs and energy bills. These factors are likely to catapult zero energy buildings market on upward trajectory. However, lack of skills regarding integration and operations of these buildings is poised to have adverse influence on market growth.
Market Segmentation:
On the basis of equipment, the zero energy buildings market has been segmented into lighting walls & roofs, HVAC systems, and others.
On the basis of application, the zero energy buildings market has been segmented into residential and non-residential.
Regional Analysis:
The regional assessment of the global zero energy buildings market is included in the report that covers the following segments – Asia Pacific, North America, Europe, and the Rest of the World (RoW). These regional segments are then analyzed and studied on the basis of country-level markets. North America, trailed by Europe, is anticipated to lead the growth of the global market. The region is highly equipped with the infrastructure required to support the growth of the zero energy buildings market. It is expected to drive the proliferation of the market in the region. Technological advancements are further supposed to boost the expansion of the market over the assessment period. In addition, Europe is also poised to contribute significantly to market augmentation. The region is investing extensively in renewable energy and energy-efficient technologies. These factors are presumed to catalyze the growth of the zero energy buildings market in the foreseeable future.
Competitive Dashboard:
Daikin Industries, Ltd. (Japan), Johnson Controls International plc (Ireland), General Electric (US), Honeywell International Inc (US), Siemens (Spain), SunPower Corporation (US), Schneider Electric (France), Kingspan Group (Ireland), Saint-Gobain (France), and Solatube International, Inc. (US) are few of the key players of the global zero energy buildings market.
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