ID: MRFR/CO/7225-HCR | February 2021 | Region: Global | 107 pages
Energy-Efficient Building Market is expected to register USD 204.7Billion and 5.93% CAGR during the forecast period.
The increasing focus of government authorities across the globe on energy efficiency has led to a high demand for energy-efficient buildings. With an increase in the number of initiatives taken by infrastructure and development organizations over the past few years, the popularity of energy-efficient buildings is growing at a high rate. This compels manufacturers and building developers to concentrate more on green building projects. The global energy-efficient building market is projected to register steady growth due to various factors such as the growing number of green buildings, increasing the need for proper building energy management, and the adoption of smart building and sustainable solutions. Nowadays, governments across the world are promoting energy efficiency and resource conservation, which further propels the growth of the market.
The green building codes, policies, and programs are continuously tailored and updated to promote the adoption of energy-efficient buildings and the transformation of the existing and newly constructed buildings. Increasing environmental concerns, stringent regulations for building codes, and rising need to conserve natural energy are some of the factors offering lucrative opportunities to the vendors operating in the global energy efficient building market.
Geographically, the global energy-efficient building industry has been segmented into five key regions: North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. In 2019, Europe and North America held significant shares of the global market, owing to the high regulation pertaining to energy efficiency aiming sustainable development. Sustainable development in these two regions in terms of energy conservation is taken on top priority, which is propelling the demand for energy-efficient buildings. Moreover, increasing the construction industry in Europe, which includes high-tech constructions and renovation activities, has created lucrative for intelligent building solutions. This high rate of adoption can be attributed to the increasing per capita expenditure on energy prices for majorly in commercial and industrial buildings.
However, the market in Asia-Pacific is expected to register the highest growth rate in the energy-efficient buildings market during the forecast period. This can be attributed to the high requirement for energy efficiency in developing countries, such as China, India, and ASEAN countries. Furthermore, high-scale construction activity in the Middle East and Africa is also expected to support and contribute significantly to the growth of the regional energy-efficient building market. The growth of the market in the region can also be attributed to the rising energy requirement. Moreover, the increasing number of construction activities is expected to add to the demand for energy efficiency.
The Key Players in the Global Energy-Efficient Building Industry are Cleantech Group, Johnson Controls, Ameresco Inc., Serious Energy Inc., Knauf Insulation, Architectural Energy Corporation, and KMC Controls Inc.
Global Energy-Efficient Building Market has been segmented based on building type and components. Based on building type, the global energy-efficient buildings market has been segmented into residential, commercial, and industrial. The commercial segment is expected to register the highest growth rate in the global market during the forecast period, owing to the growth of the corporate sector across the world. Furthermore, commercial buildings following the eco-building trend. The business owners are also focused on sustainability, which has further increased the demand for energy-efficient buildings.
Based on component, the Global Energy-Efficient Building Market has been segmented into ventilation systems, lighting technologies, energy management systems, and controls. The energy management segment is expected to register the highest growth during the forecast period owing to the rising demand for highly equipped systems from the end-users
|Market Size||2027: Significant Value|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Building Type, Component Type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Cleantech Group, Johnson Controls, Ameresco Inc., Serious Energy Inc., Knauf Insulation, Architectural Energy Corporation, and KMC Controls Inc.|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
energy-efficient building market is projected to grow at approximately 8.15% CAGR during the assessment period (2020-2027).
Based on building type, the commercial segment and based on component, the energy management segment holds the majority of market share in the global energy-efficient building market.
Increasing initiatives for the development of infrastructures, popularity of energy-efficient buildings, growing number of green buildings, increasing need for proper building energy management, and the adoption of smart building & sustainable solutions, are major tailwinds pushing the growth of the global energy-efficient building market.
North America holds the largest sharein the global energy-efficient building market, followed by Europe andthe Asia Pacific, respectively.
Johnson Controls, KMC Controls Inc., Ameresco Inc., Architectural Energy Corporation, Cleantech Group, Serious Energy Inc., and Knauf Insulation, are some of the top players operating in the global energy-efficient building market.