Commercial Segment is Expected to Dominate the Global Energy-Efficient Building Market
Governments around the world are implementing
regulations to promote energy efficiency in buildings. For example, many
countries have enacted energy efficiency standards for new and existing
buildings.
According to TechSci
Research report, “Global Energy-Efficient Building Market - By Country, Competition, Forecast
& Opportunities, 2028”.
The Global Energy-Efficient Building is
anticipated to project robust growth in the forecast period with a CAGR of 6.98% through 2028. Energy-efficient
buildings, new or refurbished, can be defined as buildings designed to
significantly reduce heating and cooling energy requirements, no matter what
energy and equipment are selected for heating or cooling. Energy-saving
building design involves constructing or upgrading buildings that can fully use
the power provided to them by taking measures to reduce energy loss, like
lowering the heat loss of the building envelope.
Due to various factors
such as the increase in the number of green buildings, the increased demand for
proper energy management of buildings, and the adoption of intelligent
buildings and sustainable solutions, the global market for energy-efficient
buildings is expected to grow steadily. Governments around the world are
promoting energy efficiency and resource conservation, which has further
promoted market growth. The increasing focus on energy efficiency by government
authorities worldwide has led to a great demand for energy-efficient buildings.
With the increase in the number of initiatives taken by infrastructure and
development organizations in recent years, the penetration rate of
energy-efficient buildings is increasing rapidly. This forces building
manufacturers and developers to pay more attention to green building projects.
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over xx market data Figures spread through 182 Pages and an in-depth TOC on " Global
Energy-Efficient Building Market.”
The North America
Energy-Efficient Building Market dominated this market in 2022 (45.80%). The
U.S. has implemented rigorous building energy codes at both federal and state
levels, encouraging the adoption of energy-efficient practices and
technologies. Further, the U.S. Energy-Efficient Building market held the
largest market share, and the Canada Armor Materials market was the fastest
growing market in the North America region.Further, the major countries studied
in the market report are The U.S., Canada, German, France, the UK, Italy,
Spain, China, Japan, India, Australia, South Korea, and Brazil. Europe
Energy-Efficient Building market accounts for the second-largest market share.
European Union member states have established ambitious targets for energy
efficiency and renewable energy adoption, driving the demand for
energy-efficient buildings. Further, the German Energy-Efficient Building
market held the largest market share, and the UK Energy-Efficient Building
market was the fastest growing market in the European regionThe Asia-Pacific
Energy-Efficient Building Market is expected to grow at the fastest CAGR from
2023 to 2032. The region's booming population and urbanization have increased
the demand for new construction, providing opportunities to incorporate
energy-efficient design and technologies. Moreover, China’s Energy-Efficient
Building market held the largest market share, and the Indian Energy-Efficient
Building market was the fastest growing market in the Asia-Pacific region.
Siemens Spain and
Telefónica have signed a cooperation agreement that will enable the two
companies to come up with a common value proposition, which includes solutions
to improve physical security, monitoring and operation, energy efficiency, and
user experience and service digitization, in which connectivity plays a leading
role. It will be used in smart buildings in a single package in 2021.
Key market players in
the Global Energy-Efficient Building Market
are following:-
- Cleantech Group
- Johnson Controls
- Ameresco Inc.
- Serious Energy Inc.
- Knauf Insulation
- Architectural Energy
Corporation
- KMC Controls Inc.
- Among others.
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“The North American
region is expected to record the highest growth rate in the market. The can be
attributed to the area witnessing the emergence of the latest intelligent
building solutions using new technologies such as the Internet of Things, big
data, cloud computing, data analytics, deep learning, and artificial
intelligence. Save energy, reduce operating expenses, improve occupancy
comfort, and meet increasingly stringent global regulations and sustainability
standards. Additionally, due to organizations' rapid adoption of emerging
technologies in the region, North America is the most technologically advanced
region globally. In addition, the United States and Canada are major countries
that have contributed to the region's technological development” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Energy-Efficient Building Market – Global Industry
Size, Share, Trends, Opportunity, and Forecast Segmented by Building Type (Residential, Commercial and Industrial), By
Component Type (Ventilation Systems, Lighting Technologies, Energy Management
Systems, and Controls, By Region, Competition 2018-2028 has
evaluated the future growth potential of Global Energy-Efficient Building Market and provides statistics and information
on market structure, size, share, and future growth. The report is intended to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities
present in the Global Energy-Efficient Building Market.
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