Global Zero Energy Buildings Market Research Report- Forecast till 2025
The Global Zero Energy Buildings Market is forecasted to reach a market size of USD 22,662.5 Million by 2025 and expand at 12.66% CAGR during the study period. Zero energy buildings are invented to match all energy needs such as low cost, non-polluting, renewable energy sources, and local availability. During the forecast period, the global zero-energy buildings market is expected to witness significant expansion. The estimated growth driving actors are rising interest concerning minimizing the energy consumption and increasing environmental concerns and the eagerness of individuals to adopt eco-friendly buildings. Expanding knowledge regarding the environmental social impact of architects and construction organizations has led to growth in significant construction technologies. The key factors expected to rise the construction of zero energy building market during the study period are low operating costs and energy bills, greater resale values as well as segregation plan from rising high energy prices, leading to up surged property values.
The lack of certified professionals and proficiency to enable the assembly of all components used and skills required to take approval for the integration and functioning of zero-energy buildings are expected to rise in the coming years and may become a restraining factor for the global zero-energy buildings market. Furthermore, the outlook for advancements ensures many leverages for architects, developers and economies are expected to create an opportunity for the global market competent.
The global zero-energy buildings market is segmented by two sectors equipment and application. By equipment type, the zero energy buildings market is categorized into HVAC systems, lighting walls & roofs, and others. The HVAC systems are the most significant and energy-consuming parts in the entire building structure leading to significant energy savings in high-performance buildings owing to lead the global zero-energy buildings market.
Based on application type, the global market for zero energy buildings is sub-segmented as residential and non-residential. The non-residential segment estimated for the larger market share.
The Region-specific analysis of the zero-energy buildings market spreads across North America, Europe, Asia-Pacific (APAC), and the rest of the world. North America is estimated to dominate the zero energy buildings market during the forecast period, followed by Europe. The region is anticipated to witness expanded growth in the HVAC equipment system. According to the MRFR study, it is observed that the region is developing for zero energy building solutions with a feasible approach for increased global demand. The US leads the zero energy buildings market in North America.
Europe retained the second-largest share of the zero-energy buildings market, in 2018. The market is expecting fascinating growth due to the strict authorities adopted by the governments in Europe for expanding the adoption of zero-energy building technologies.
The Major Players of Global Zero Energy Buildings Market are Daikin Industries, Ltd. (Japan), General Electric (US), Johnson Controls International plc (Ireland), Honeywell International Inc (US), Schneider Electric (France), Siemens (Spain), SunPower Corporation (US), Kingspan Group (Ireland), Solatube International, Inc. (US), Saint-Gobain (France).