Global Zero-Energy Buildings Market
The GMI Research expects the Zero Net Energy Buildings Market to notice an augmentation in demand over the forecast period. This is attributed to the growing application of renewable resources, strategic governmental norms to curb carbon discharge, and their assistance to sustain indoor air quality and safety.
Introduction of the Zero-Energy Buildings Market
Zero energy buildings incorporate zero-energy creation and effectiveness to consume energy that can be generated onsite via reusable sources over a specific period. Also, these buildings accord lower greenhouse gas to the atmosphere at the functional time over non-zero energy buildings.
Key Players of Market:
· Daikin Industries, Ltd.
· General Electric
· Honeywell International Inc.
· Siemens
· Kingspan Group
· Saint-Gobain
· Schneider Electric
· Solatube International, Inc.
· SunPower Corporation
· Johnson Controls
Zero-Energy Buildings Market Dynamics
Zero energy buildings are effective and performant buildings, which implement reusable technologies to generate similar energy as engrossed by the building from acquired sources of commercial energy. Also, the buildings engender several energy benefits, like non-polluting, less cost, inexhaustible energy sources, and domestic accessibility. Thus, all these features together contribute to the growth of the global zero-energy buildings market. In addition, the increasing inclination towards optimizing power usage and growing environmental concerns has encouraged the adoption of green buildings. The static growth in enhancing the tenability has provided various advantages to architects and developers, further stimulating the Energy Efficiency Building (EEB) projects. These projects stress recognizing and abolish barriers by transforming the structure in a superior way to generate energy self-sufficiency. Further, enormous architects and construction companies have developed sustainable building technologies as a result of the increasing awareness about the social and environmental influence of buildings as well as the rigorous policies and norms levied by governments across the globe. For example, twenty new construction and renovation evolved in the United States and British Columbia in 2020 to encourage decarbonization. All these factors strengthen the zero-energy buildings market size.
Equipment Segment Drivers
Based on the equipment, the market is divided into walls & roofs, HVAC systems, lighting, and others. Amongst all these, the HVAC system is projected to witness faster growth over the coming years due to the massive energy consumption in a building. Moreover, the global net-zero-energy buildings market report suggests that the ongoing investment by HVAC manufacturers in research & development activities to launch energy-efficient HVAC products adds to the market growth. For instance, the European Union commenced the Next Generation Ventilation (NeGeV) project, which directs the expansion of a full-scale prototype of an HVAC solution, especially for office uses.
Regional Drivers
Based on the regional coverage, North America is contemplated to notice a faster growth over the coming years. Countries like U.S. and Canada are the primary acquirers of the building solutions to serve the aggravating global demand with a long-term approach. Moreover, the rigorous norms and initiatives by the U.S. government, as well as the growing endeavours of the U.S. energy department and local corporations to attain the sustainability of existent and new buildings, are bolstering the zero-energy buildings market opportunities. For example, the U.S. Government is offering subsidies for commercial and residential for zero energy buildings.
Zero-Energy Buildings Market Segmentation:
Segmentation by Equipment
· HVAC Systems
· Lighting
· Walls & Roofs
· Others
Segmentation by Application
· Residential
· Non-Residential
Segmentation by Region:
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· North America
o United States of America
o Canada
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· RoW
o UAE
o Brazil
o South Africa
o Saudi Arabia
About GMI Research
The consulting and market research enterprise offers syndicated and personalized research reports and consulting service to various organizations. The reports are prepared on the basis of market intelligence studies to certify that all fact-based research reaches several sectors like automotive, healthcare, FMCG, information technology & communication, etc. The deep knowledge of the organization towards the business environment helps us generate objective strategic information. Our research teams include expert analysts and researchers provide an in-depth analysis about forecasts, competitive landscape, major factors influencing the market growth, and other market acumen to assist companies in reaching a strategic decision.
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