Global Energy Efficient Building Market to see Remarkable Growth by 2022 to 2030

Market Overview

The Energy-Efficient Building Market is expected to reach USD 204.7 Billion at a CAGR of 5.93% during the forecast period. The increased focus on energy efficiency by governments around the world has resulted in a strong demand for energy-efficient buildings. The popularity of energy-efficient buildings is expanding at a rapid rate, thanks to an increase in the number of initiatives launched by infrastructure and development organizations in recent years. As a result, manufacturers and developers are compelled to focus more on green building initiatives. The global market for energy-efficient buildings is expected to rise steadily due to a variety of factors, including an increase in the number of green buildings, a greater requirement for proper building energy management, and the adoption of smart building and sustainable solutions. Governments all around the world are now emphasizing energy efficiency and resource conservation, which is fueling the market's growth.

Green building rules, policies, and programs are adapted and updated regularly to encourage the adoption of energy-efficient buildings and the transformation of existing and newly constructed structures. Increased environmental concerns, stricter building code restrictions, and a growing desire to save natural energy are just a few of the factors presenting the profitable potential for vendors in the worldwide energy-efficient building market.

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Market Segmentation

Based on the building type, the global energy-efficient buildings market has been segmented into residential, commercial, and industrial.

Based on the component, the global Energy-Efficient buildings market has been segmented into ventilation systems, lighting technologies, energy management systems, and controls.

Based on the region, the global Energy-Efficient buildings market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

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Regional Classification

During the historic prediction period, Europe and North America had major shares of the worldwide market due to stringent energy efficiency regulations aimed at achieving sustainable growth. Sustainable development in terms of energy conservation is a primary goal in these two regions, which is driving demand for energy-efficient buildings. Furthermore, the growing construction sector in Europe, which comprises high-tech builds and refurbishment operations, has made intelligent building solutions profitable. This high rate of adoption can be ascribed to rising energy prices per capita, especially in commercial and industrial buildings. During the projection period, however, the market for energy-efficient buildings in Asia-Pacific is predicted to develop at the fastest rate. This is due to the growing need for energy efficiency in developing countries like China, India, and the ASEAN nations. In addition, large-scale construction activity in the Middle East and Africa is predicted to support and contribute significantly to the regional energy-efficient building market's growth.

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Industry News

The major key players in the market are Cleantech Group, Johnson Controls, Ameresco Inc., Serious Energy Inc., Architectural Energy Corporation, Knauf Insulation, and KMC Controls Inc. The increased energy demand has also contributed to the market's expansion and has helped the key players to emerge out and helped the growth of the market. Furthermore, the growing number of construction projects is likely to increase demand for energy efficiency.

Scope of the Report

This study provides an overview of the global energy-efficient building market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for Europe, Asia-Pacific, North America, the Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global energy-efficient building market by building type, component, and region.

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This release was published on openPR.