ID: MRFR/CO/7225-HCR | February 2021 | Region: Global | 107 pages
The global Energy-Efficient Building Market is been estimated to reach the value of the USD of 204.7 billion by the year 2030. And additionally with the CAGR 5.93% during the Energy-Efficient Building Market Forecast period from the year 2021-2030
The Market is building gradually because of the high requirement of the end-users. The energy-efficient buildings can be new or reconstructed but the main requirement of the energy-saving buildings is to reduce the heating and the cooling energy need. It can be whatever material and energy.
The main driving force which is concentrating on the growth of the Energy-Efficient Building Market Share is the initiatives taken by the government to reduce the emission of carbon and to safeguard the environment by building green buildings. These initiatives are taken for protecting the environment from pollution.
Due to the spread of the pandemic across the globe, the key players are working hard to get out of the drastic changes in the loss. due to the spread of the pandemic, there is a great loss in all the industries and the business. To avoid the spread of the pandemic across the world many governments had taken the initiative to stop the spread of the pandemic by implementing the lockdown. They also provided the vaccine and advised to stay with social distancing to reduce the negative cases.
Due to the spread of the pandemic, there was no supply of the raw materials, and no transport was available because of this there is an interruption in the supply. As this interruption in the supply has created a great negative impact on the Energy-Efficient Building Market.
It is believed that once all the pandemic issues get resolved the Market Value will be increased in future.
The increase in the usage of energy-saving products for constructional buildings is acting as the main driving force for the growth of the Energy-Efficient Building Market Share. The enhancement in the need to build green buildings in many regions is also boosting the growth of the Size.
The interest among the people and the awareness which is created by the usage of the hazardous products in the construction can cause the pollution, so in recent days the people are using the Energy-Efficient Building which can reduce the carbon emission and which in turn bring the Energy-Efficient Building Market Growth.
The main growth opportunity which is been inducing the growth of the Energy-Efficient Building Market is the factors like the rapid urbanisation in many regions. Also, the main growth is because of the gradual growth in both the residential and the non-residential constructional development in many regions. Especially this growth is because of the construction of the buildings for the IT and another official purpose.
The initiatives which are taken by the government in many regions are promoting energy efficiency and resource conservation.
One of the main restraints which are hampering the growth of the Energy-Efficient Building Market is the high-cost investment in building the energy-efficient buildings is been one of the hindrances which impact the growth of the Market. Though the building of green buildings saves the environment by reducing pollution, there are also a few products that produce less carbon emission which also slightly affect human health.
The main challenge which is faced by the Energy-Efficient Building Market is to produce products that don't harm the environment. Also, the main challenge in the Energy-Efficient Building Market is to compensate the customer within a short period, because of the lack of raw materials. Also to manufacture the raw materials which do not harm the environment is available at a high cost. So the manufacturing companies are working with the good motive to provide the customers with the low-cost products with good quality.
Cumulative growth analysis
The overall growth of the Energy-Efficient Building Market Analysis is great because of the development of green buildings which don't harm the environment. Also because of the growth in the awareness in not to harm the environment and get harm themselves people are preferring the products which don’t harm them by making the pollution to the environment. The growth of the Market is steady and stable because of the increase in the usage of the awareness created by the government authorities.
Value chain analysis
The overall growth of the Energy-Efficient Building Market Outlook is been stable in recent days, but due to the spread of the pandemic across the globe, there is a lack of products available. So there is a lack of production to compensate for the demand. The key players are planning to merge with other key players to produce the product in a short time.
Though there is great growth in the Energy-Efficient Building Market there is also some restraining factor that hinders the growth. Some of the hindering factors of the market are the high-cost efficiency of the products.
Market segment overview
North America – US, Canada
Latin America – Mexico, Brazil, Peru, Chile and Others
Western Europe – Germany, UK, France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg
Eastern Europe – Poland, Russia
Asia Pacific – India, Japan, China, ASEAN, Australia, New Zealand
The Middle East and Africa – GCC, Southern Africa, North Africa
Due to the increase in the usage of the Energy-Efficient Building Market in recent days, the key players are working with the great urge due to the demand created during the pandemic issue. So the key players are working with the new strategies to merge with the key players. They are also planning to expand their business to developing regions across the world. Also, they are looking for investors to support them with the investment so that they can improve and launch new products to develop the Market.
The new Energy-Efficient Building Market Trends which is been followed in many regions are North America, Europe and the Asia Pacific region.
North America is holding the largest share in the Market, because of the development in the green buildings in many countries of North America
The Asia Pacific region is expected to reach growth in the forecasting period in the Energy-Efficient Building Market. this is because of the rapid growth of the industrial sectors and the non-residential sectors in recent days.
Other regions like the middle east and Africa and Europe are expected to reach growth in the future in the Market Forecast.
These are the key players who are working for the growth of the Energy-Efficient Building Market in the forecasting period.
|Market Size||2030: Significant Value|
|CAGR||8.15% (2022 to 2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|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.