Green Buildings Market 2024 Trends : Expected to Grow at a CAGR of 9.50% by 2032 | Top Trending Report

The concept of green buildings has revolutionized the construction industry. These environmentally responsible structures are designed to minimize negative environmental impacts while enhancing efficiency in energy, water, and resource usage. With the growing urgency of climate change, depleting natural resources, and increasing energy costs, the green buildings market has witnessed exponential growth in recent years. Governments, private sectors, and consumers are embracing sustainable practices, contributing to a robust demand for green building solutions globally.

Green Buildings Market Size was valued at USD 550.12 Billion in 2021. The Green Buildings market industry is projected to grow from USD 634.78 Billion in 2022 to USD 1312.12 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.50% during the forecast period (2024 - 2030)

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Green buildings, also known as sustainable or eco-friendly buildings, are designed with energy efficiency, water conservation, and resource optimization as central principles. They incorporate technologies such as renewable energy systems, efficient lighting, and sustainable construction materials to reduce their ecological footprint.

Key Companies in the Green Buildings market include

Amvik Systems
Alumasc Group Plc
BASF SE
Binderholz GmbH
Bauder Limited
E. I. du Pont de Nemours and Company
Interface Inc.
Forbo International SA
Owens Corning
CEMEX
Kingspan Group plc among others

Segment Analysis

The global market for Green Buildings is fragmented into various segments based on products, applications, and regions.

Based on the product, the global market for Green Buildings has been split into Exteriors and Interiors.

Based on the Service Providers, the global market for Green Buildings has been split into

Based on the application, the global market for Green Buildings has been split into Non-residential and Residential.

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Regional Analysis

The global market for Green Buildings is analyzed across five major geographies: Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

The MRFR analysis reports the Asia-Pacific regional Green Buildings market leading spot across the global market for Green Buildings in 2022. The region has China as the largest contributor in terms of revenue share. On the other hand, the Indian market is likely to grow at the highest pace over the coming years. The main parameter enhancing regional market development is the increasing government support for sustainable building practices across the region. Furthermore, factors such as increasing disposable incomes, the region's rapidly urbanizing population, increasing awareness of the benefits of green buildings, and growing concerns regarding environmental issues are also projected to positively influence the growth of the regional market over the coming years.

The European regional market for Green Buildings is anticipated to ensure the second position across the global market over the assessment period. The region has the German market as the largest contributor in revenue share. On the other hand, the UK market is likely to grow at the highest pace over the coming years. The main parameters enhancing regional market development are implementing policies & regulations to encourage the construction of green buildings, increasing consumer awareness & demand for sustainable buildings, improving energy efficiency in buildings, increasing the share of renewable energy, and reducing greenhouse gas emissions.

The North American region will likely demonstrate maximum growth over the coming years. The region has the US market as the largest contributor in revenue share. On the other hand, the Canadian market is likely to grow at the highest pace over the coming years. The main parameters enhancing regional market development are the number of renovation projects in the post-pandemic world and technological innovations.

Future Prospects
The green buildings market holds immense potential for growth. Key developments expected in the coming years include:

Technological Integration: Advances in AI, IoT, and renewable energy will drive innovation in green building solutions.
Carbon Neutrality Goals: With countries aiming for net-zero emissions by 2050, the demand for sustainable infrastructure will surge.

Expansion in Emerging Markets: As awareness and infrastructure improve, developing regions will significantly contribute to market growth.

Policy Support: Continued government incentives and regulations will play a vital role in market expansion.

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News

Green Building Sector in India
With a growth rate of 9.2 percent and a contribution to GDP of over 10%, the construction sector is one of India's fastest-growing industries (GDP). There is therefore a great opportunity for residential growth given that the "Housing for All" project calls for the construction of 20 million urban and 10 million rural homes. With many businesses making a "carbon neutral" commitment, corporate morale is likewise upbeat. As a result, there is a strong business rationale for green residential and commercial construction in India.

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