New York
City, 19 January 2019: The Report Net-Zero Energy Buildings Market is anticipated to reach over USD 96,008 million by 2026.
In 2017, the commercial net-zero energy buildings segment dominated the global
market, in terms of revenue. North America is expected to be the leading
contributor to the global market revenue during the forecast period.
Several stringent energy consumption
regulations passed by governments worldwide have boosted the adoption of
net-zero energy buildings. Growing concerns regarding environment, depleting
fuel resources, and increasing need to reduce energy consumption further
support the growth of this market. Additionally, the increasing acceptance and
reducing operation costs would boost market growth during the forecast period.
Other factors supporting market growth include supportive government
regulations, increasing awareness, and technological advancements. Increasing
investments by vendors in technological advancements coupled with research and
development further boost the market growth.
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The demand for Net-Zero Energy
Buildings has increased over the years owing to increasing energy
concerns, and environment consciousness across the globe. The exponential
growth in the prices of traditional fuel owing to the depleting fossil fuel
reserves has encouraged consumers to switch to renewable sources for operations
in net-zero energy buildings. Limited awareness among consumers has limited the
adoption of these buildings in the past. However, with significant government
initiatives and substantial investments, the development of net-zero energy
buildings has accelerated significantly.
The different types of
net-zero energy buildings include residential, and commercial. In 2017, the
commercial segment accounted for the highest market share. The awareness
regarding green buildings, and reduction in operation costs encourage the
commercial sector to invest in non-zero energy buildings. Commercial structures
such as manufacturing plants, offices, and institutes are adopting net-zero
energy buildings to reduce emissions and energy use. The residential sector is
expected to grow at the highest CAGR during the forecast period.
Competitive Landscape and Key Vendors:
North America generated the highest
revenue in the market in 2017, and is expected to lead the global market
throughout the forecast period. The increasing awareness among consumers, and
rising environmental concerns drive the market growth in the region. The
governments in the region are collaborating with engineers and architects to
promote the adoption of Net-Zero Energy Buildings. Public structures and
universities are adopting net-zero energy buildings owing to stringent government
regulations, and the need to reduce operation costs. Numerous key players have
adopted partnership and expansion strategies to increase their market share in
net-zero energy building markets of the North American region.
The well-known companies profiled in
the report include Siemens AG, General Electric, Johnson Controls International
plc, SunPower Corporation, Altura Associates, Inc., Sage Electrochromics, Inc.,
Daikin Industries Ltd., Schneider Electric, Kingspan Group plc, and Integrated
Environmental Solutions (IES) Limited among others. These companies launch new
products and collaborate with other market leaders to innovate and launch new
products to meet the increasing needs and requirements of consumers.
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