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Global Energy-Efficient Building Market 2024 : Trends, Business Growth And Major Driving Factors | Siemens AG, Panasonic Corporation, GE Electrical Equipment, Veolia Environnement S.A
Energy-Efficient Building Global Market Report 2024
Energy-Efficient Building Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $174.01 Bn In 2028 At A CAGR Of 6.4% :
The energy-efficient building market size has grown strongly in recent years. It will grow from $125.84 billion in 2023 to $135.6 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to energy prices, environmental regulations, technological advancements, public awareness, government incentives.
The energy-efficient building market size is expected to see strong growth in the next few years. It will grow to $174.01 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to climate change mitigation efforts, technological innovation, urbanization trends, increasing demand for sustainable buildings, energy security concerns. Major trends in the forecast period include net-zero energy buildings, passive design principles, modular construction for energy efficiency, integration of internet of things (IoT) in building management, circular economy principles.
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Energy-Efficient Building Market Major Segments
The energy-efficient building market covered in this report is segmented -
1) By Type: Heating, Ventilation, And Air Conditioning (HVAC), Lighting, Building Controls, Water Efficiency, Water Heating, Building Envelope, Other Types
2) By Material: Roofing, Fiber Cement, Concrete Tiles, Insulation, Construction Chemicals, Sealants, Water Proofers, Other Materials
3) By End User: Residential, Commercial, Industrial Sector
Key Driver - Government Investment Fueling Growth In The Energy-Efficient Building Market
The increase in government investment expected to fuel the growth of the energy-efficient building market going forward. Government investment refers to funds allocated by governmental bodies for various purposes, such as infrastructure development, social programs, education, healthcare, research and development, and clean energy initiatives. Government investment in energy-efficient building initiatives plays a crucial role in accelerating the adoption of sustainable building practices, reducing energy consumption, lowering greenhouse gas emissions, and promoting economic growth and resilience. For instance, in December 2023, according to the International Energy Agency (IEA), a France-based intergovernmental organization, since 2020, governments have allocated $1.34 trillion to incentivize investment in clean energy, leading to a 25% surge in clean energy investment from 2021 to 2023. Therefore, the increase in government investment is driving the energy-efficient building market.
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Prominent Trend - Smart Internet Of Things (IoT) Solutions Transforming Market
Major companies operating in the energy-efficient building market are focused on developing innovative products with advanced technologies, such as smart IoT solutions to increase their profitability in market. Smart IoT solutions helps to promote energy efficiency across various domains, including homes, buildings, industries, and cities, ultimately contributing to sustainability and environmental conservation efforts. For instance, in March 2023, Siemens AG, a Germany-based energy technology and manufacturing company, launched Connect Box. Connect Box is an IoT solution for small to medium-sized buildings, seamlessly integrating wired or wireless devices. It optimizes energy usage, monitors performance, and enhances indoor air quality through real-time analysis. With plug-and-play setup, diverse licensing options, and user-friendly interfaces, it caters to varied needs while ensuring compliance with sustainability regulations and delivering up to 30% energy savings.
Energy-Efficient Building Market Players
Major companies operating in the energy-efficient building market are Siemens AG, Panasonic Corporation, GE Electrical Equipment, Veolia Environnement S.A., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Daikin Industries Ltd., Toshiba Corporation, Johnson Controls International plc, Eaton Corporation PLC, Carrier Global Corporation, Koninklijke Philips N.V., Trane Technologies plc, Emerson Electric Co., Legrand S.A., Osram GmbH, Acuity Brands Inc., Itron Inc., Zumtobel Group AG, Cree Inc., GridPoint Inc., Pacific Controls Inc., BuildingIQ Inc
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Largest And Fastest Growing Region In The Market
Europe was the largest region in the energy-efficient building market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the energy-efficient building market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Energy-Efficient Building Market Report Structure
3. Energy-Efficient Building Market Trends And Strategies
4. Energy-Efficient Building Market - Macro Economic Scenario
5. Energy-Efficient Building Market Size And Growth
…..
27. Energy-Efficient Building Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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