Low Carbon Building Market is expected to grow at a CAGR of 10.8% through 2030F
The global Low Carbon Building Market is
expected to be led by North America, driven by Growing Demand for HVAC
Solutions and Regulatory Support and Incentives during the forecast period 2026-2030F
According to TechSci Research
report, “Low Carbon Building
Market - Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2030F, The Global Low Carbon Building Market was valued at
USD 662.1 billion in 2024 and is expected to reach USD 1236.1 billion by 2030
with a CAGR of 10.8%. As awareness of the environmental impact of traditional
construction practices grows, there is a stronger demand for buildings that
prioritize sustainability and minimize carbon emissions. This shift is further
supported by corporate sustainability goals, where businesses are under
pressure to reduce their carbon footprints and comply with global climate
agreements, creating a surge in demand for low-carbon buildings.
Technological
advancements in construction and building management systems are also driving
the market. Smart technologies, such as building automation systems,
energy-efficient HVAC systems, and advanced lighting solutions, enable
buildings to optimize energy use, further reducing carbon emissions. The
integration of smart grids and energy storage solutions allows buildings to
become more energy-independent, contributing to the overall reduction in carbon
footprints.
Additionally,
urbanization and population growth are significant contributors to the demand
for low-carbon buildings. As cities continue to expand, there is an increased
need for energy-efficient infrastructure that can accommodate growing
populations while minimizing environmental impact. This trend is creating an
opportunity for low-carbon building solutions to address both environmental and
societal needs, ensuring a sustainable urban future.
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Based on Type, Renewable Energy Systems segment
dominated the Low Carbon Building Market in 2024 and maintain its leadership
throughout the forecast period, driven by the growing emphasis on sustainable
energy solutions in the construction industry. As governments, businesses, and
consumers increasingly focus on reducing carbon emissions, the demand for
renewable energy systems in buildings has surged. Solar power, wind energy,
geothermal heating, and biomass are among the most commonly integrated
renewable energy solutions in low-carbon buildings. Solar panels, in
particular, have seen widespread adoption due to their cost-effectiveness, ease
of installation, and the ability to generate clean, renewable electricity. As
energy prices rise and concerns about fossil fuel dependency grow, renewable
energy systems provide an attractive alternative to traditional energy sources.
This segment's dominance is further
supported by the availability of government incentives, including tax credits,
rebates, and grants, which encourage the installation of renewable energy
technologies in residential, commercial, and industrial buildings. These
financial incentives help offset the high upfront costs of renewable energy
systems, making them more accessible to a broader range of building projects.
Additionally, the rapid advancement in energy storage technologies, such as
battery storage systems, has enhanced the viability of renewable energy in
buildings, enabling efficient energy use even when generation is low or demand
is high.
Incorporating renewable energy systems
into buildings also contributes to significant long-term cost savings by
reducing reliance on external energy sources, improving energy efficiency, and
lowering utility bills. As the shift toward sustainable building practices
continues, the Renewable Energy Systems segment is expected to maintain its
leadership in the low-carbon building market, playing a crucial role in the
global transition to energy-efficient, environmentally friendly buildings.
Based on region, Asia Pacific is emerging as the
fastest-growing region for the Low Carbon Building Market, driven by rapid
urbanization, increasing environmental awareness, and supportive government
policies. Countries like China, India, and Japan are at the forefront,
implementing strict energy efficiency regulations and adopting green building
certifications to reduce carbon footprints. The region’s booming construction
industry is increasingly focused on integrating sustainable practices,
including the use of renewable energy systems, energy-efficient materials, and
advanced building technologies, to meet both local and global sustainability
goals.
Government initiatives, such as tax
incentives, subsidies for green buildings, and stringent energy codes, are
encouraging developers to incorporate low-carbon solutions in residential,
commercial, and industrial projects. Moreover, the growing demand for
energy-efficient buildings is being driven by rising energy prices, climate
change concerns, and the need for long-term cost savings. As a result,
renewable energy solutions, such as solar power, are being integrated into
buildings at an accelerating pace.
In addition, the region's expanding
middle class and increasing purchasing power are fueling the demand for
environmentally friendly and energy-efficient homes and commercial spaces. As
more cities in Asia Pacific adopt green building standards and prioritize
sustainable construction, the low-carbon building market is expected to
experience significant growth, positioning Asia Pacific as a key player in the
global push for sustainable development.
Key market players in the Low Carbon
Building Market are: -
- Siemens AG
- Honeywell International Inc.
- Johnson Controls International plc
- Schneider Electric SE
- Trane Technologies plc
- Mitsubishi Electric Corporation
- ABB Ltd
- Kingspan Group plc
- Skanska AB
- Lendlease Corporation Ltd
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“The global low-carbon building market
presents numerous opportunities driven by the increasing demand for sustainable
construction and energy-efficient solutions. One of the key opportunities lies
in the growing adoption of renewable energy systems, such as solar and wind
power, in buildings. As governments introduce stricter environmental
regulations and offer financial incentives, developers and property owners are
increasingly investing in green building technologies. This trend is expected
to create substantial demand for renewable energy systems, energy-efficient
materials, and advanced building technologies that reduce carbon footprints.” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based global management consulting
firm.
“Low Carbon Building
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Type (Energy-Efficient Materials, Renewable Energy Systems, Low
Carbon HVAC Systems, Green Building Certifications, Others), By Application
(Commercial, Residential, Industrial), By Region & Competition, 2020-2030F”has evaluated the future
growth potential of Low Carbon Building Market and provides statistics
& information on market size, structure, and future market growth. The
report intends 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 in Low Carbon Building Market.
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