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Zero-Energy Building (ZEB) Market to Witness Robust Expansion by 2024– Top Key players like Kingspan Group plc,Schneider Electric,CertainTeed,Inc.
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A zero-energy building, also known as a zero net energy (ZNE) building, net-zero energy building (NZEB), or net zero building, is a building with zero net energy consumption, meaning the total amount of energy used by the building on an annual basis is roughly equal to the amount of renewable energy created on the site, or in other definitions by renewable energy sources elsewhere. These buildings consequently contribute less overall greenhouse gas to the atmosphere than similar non-ZNE buildings. They do at times consume non-renewable energy and produce greenhouse gases, but at other times reduce energy consumption and greenhouse gas production elsewhere by the same amount. A similar concept approved and implemented by the European Union and other agreeing countries is nearly Zero Energy Building (nZEB), with the goal of having all buildings in the region under nZEB standards by 2020.
The need for a transitioning to a low-carbon economy in order to develop energy-efficient solutions and reinvent the existing as well as new infrastructure is anticipated to elevate the demand for net-zero energy. In an attempt to achieve sustainable development, leading companies in the construction and energy sectors have launched the Energy Efficiency Buildings (EEB) project. The project aims at identifying and removing barriers and transforming structures in an effective way to reach energy self-sufficiency. The governments of different countries and various organizations are working in collaboration with engineers, architects, builders & contractors, regulators, material suppliers, utilities, and developers to initiate self-sustainable projects worldwide. Various initiatives such as WGBC, EEB, and NBI have been undertaken by global authorities to create awareness regarding the benefits of green, low-carbon emission, and nearly-zero energy buildings. This is a key factor that is expected to drive growth of the global NZEBs market over the forecast period.
In 2017, the global Zero-Energy Building (ZEB) market size was 8140 million US$ and it is expected to reach 18300 million US$ by the end of 2025, with a CAGR of 10.7% between 2018 and 2025.
Market Segment by Manufacturers, this report covers
Altura Associates, Inc.
Johnson Controls International plc
Integrated Environmental Solutions (IES) Limited
Sage Electrochromics, Inc. (SageGlass)
Solatube International, Inc.
SunPower Corporation
Kingspan Group plc
Daikin Industries Ltd.
General Electric (GE)
Honeywell International Inc.
Schneider Electric
CertainTeed
Siemens AG
Market Segment by Type, covers
Lighting
Walls & Roofs
HVAC Systems
Others
Market Segment by Applications, can be divided into
Commercial
Residential
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Related Information:
North America Zero-Energy Building (ZEB) Market Growth 2019-2024
United States Zero-Energy Building (ZEB) Market Growth 2019-2024
Asia-Pacific Zero-Energy Building (ZEB) Market Growth 2019-2024
Europe Zero-Energy Building (ZEB) Market Growth 2019-2024
EMEA Zero-Energy Building (ZEB) Market Growth 2019-2024
Global Zero-Energy Building (ZEB) Market Growth 2019-2024
China Zero-Energy Building (ZEB) Market Growth 2019-2024
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