Zero Energy Buildings Market Size Was Valued At $71.7 Billion In 2021

The zero energy buildings market has witnessed significant growth owing to surge in worldwide efforts for bringing down the greenhouse gas emissions. In addition, zero energy buildings market is rising, owing to surge in demand for buildings especially in the developing nations.

The zero energy buildings market size was valued at $71.7 billion in 2021, and is estimated to reach $403 billion by 2031, growing at a CAGR of 18.7% from 2022 to 2031.

Global warming has brought all the countries together to curb the emission of greenhouse gas. Since building sector accounts for more than 35% of the global CO2 emissions, countries have made major changes in how the buildings perform. A zero-energy building complies with the requirements set forth to reduce their CO2 emissions. Such factors play a major role in driving market growth. Moreover, developed countries are leading the adoption of zero energy buildings.

For instance, U.S. has mandated that all the newly constructed buildings must be zero energy ready by the end of 2030. In addition, U.S. has set targets to achieve net-zero emissions by 2050.

Key companies profiled in the Zero energy buildings market forecast report include Altura Associates, Canadian Solar Inc., DABITRON Group Canary Islands, Daikin industries Ltd., GreenTree Global, Honeywell International Inc., Integrated Environmental Solutions, Johnsons Control International Plc, Kingspan Group Plc., Mitsubishi Electric Corporation, NEO LLC, Saint-Gobain (Sage glass), Schneider Electric, Siemens AG, Solatube International, SunPower Corp., and Trane Technologies plc.

Download Free PDF Brochure Now (150+ Pages with More Insight) -- https://www.alliedmarketresearch.com/request-sample/17455

The developing nations are still lagging behind the developed nations when it comes to active adoption of zero energy building standards. This is attributed to the unavailability of enough resources. Furthermore, the lower income countries are still to be industrialized. Therefore, in such countries, the growth of zero energy buildings market is expected to be moderate.

Moreover, various policies of the governments across the world that are subsidizing the adoption of zero energy building components are anticipated to provide lucrative opportunities for the market growth.

Commonly observed components of zero energy buildings include lighting, HVAC systems, and others. Among these, the HVAC segment accounted for the largest zero energy buildings market share in 2021, owing to high demand for energy efficient HVAC systems. Further, the building components segment under the solution, registered highest revenue in 2021, owing to large number of installations of building components in buildings, such as air conditioners, and heating appliances. In addition, the market is analyzed among different applications of zero energy building components, which includes residential and non-residential. The market is mainly driven by combined global efforts for reducing greenhouse gas emissions and rise in building construction activities due to rapid urbanization. However, the high initial cost of zero energy building systems, is expected to restrain the growth of zero energy buildings market.

Download Free PDF Brochure Now (150+ Pages with More Insight) -- https://www.alliedmarketresearch.com/request-sample/17455

In 2021, North America dominated the global zero energy buildings market, in terms of revenue. Moreover, the market in Asia-Pacific is expected to grow with high CAGR, owing to rise in urbanization.

The rise in global population and rapid urbanization propels the growth of the building construction sector; thereby, driving demand in zero energy buildings market. Further, various government initiatives that have incentivized the adoption of zero-energy buildings and its components is expected to positively influence zero energy buildings market growth.

Furthermore, on the basis of application, the residential segment is anticipated to grow rapidly during the forecast period, owing to rising urbanization.

Download Free PDF Brochure Now (150+ Pages with More Insight) - https://www.alliedmarketresearch.com/purchase-enquiry/17455

Key players in the market have adopted various strategies to sustain the competition in the market. For instance, in October 2020, Mitsubishi Electric Corporation, expanded its R&D facility by constructing 'SUSTIE', a net zero-energy building (ZEB) test facility. This facility will assist in development and testing of ZEB-compliant energy-conservation technologies.

However, various manufacturers and building contractors in the zero energy buildings market had to stop their business in countries such as Japan, the U.S., Europe, and Australia, during the pandemic lockdown. This break directly impacted the growth of zero energy buildings component manufacturing companies. In addition, lack of manpower and raw materials constricted supply of raw materials for zero energy buildings; and negatively influenced the growth of the market. However, after two years of COVID-19 outbreak and introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly.

Download Free PDF Brochure Now (150+ Pages with More Insight) -- https://www.alliedmarketresearch.com/request-sample/17455

More Reports -

Exterior Wall Systems - https://www.einpresswire.com/article/598924816/exterior-wall-systems-market-expected-to-reach-221-9-billion-by-2030-industry-revenue-trends-analysis-2021-to-2030

Mulcher Attachment Equipment - https://www.einpresswire.com/article/598927821/mulcher-attachment-equipment-market-expected-to-reach-0-80-billion-by-2030-industry-revenue-trends-analysis

Air Scrubbers - https://www.einpresswire.com/article/599298422/air-scrubber-market-expected-to-reach-4-306-4-million-by-2030-industry-revenue-growth-factors-trends-analysis

Kicking Strap - https://www.einpresswire.com/article/599299663/kicking-strap-market-expected-to-reach-0-49-billion-by-2030-industry-revenue-growth-factors-trends-analysis

Spinnaker Pole - https://www.einpresswire.com/article/599301223/spinnaker-pole-market-expected-to-reach-1-254-6-million-by-2030-industry-revenue-share-drivers-trends-analysis

Blanking Machine - https://www.einpresswire.com/article/599303024/blanking-machine-market-expected-to-reach-1-45-billion-by-2030-industry-revenue-share-growth-analysis-and-forecast

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.