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Single-Family Housing Green Buildings Market: Major Trends Reshaping the Future of the Industry
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Single-Family Housing Green Buildings Industry Market Size Be by 2025?
In recent times, the market size for green buildings in the single-family housing sector has seen significant expansion. From $156.76 billion in 2024, it's expected to climb to $177.71 billion in 2025, signaling a compound annual growth rate (CAGR) of 13.4%. This considerable growth during the historic period is largely due to growing environmental consciousness, energy efficiency, health and wellness considerations, and resale value.
What's the Long-Term Growth Forecast for the Single-Family Housing Green Buildings Market Size Through 2029?
Anticipated to experience accelerated expansion in the forthcoming years, the sector of single-family housing green buildings projects to inflate to $309.57 billion by 2029, posting a compound annual growth rate (CAGR) of 14.9%. Factors that contribute to the projected growth during the forecast period include a focus on sustainability and climate change, adherence to energy efficiency standards, the use of sustainable materials, and the incorporation of smart home technologies. Key trends predicted to mark the forecast period encompass energy efficiency, the amalgamation of renewable energy, passive house design, and the rise of smart home technology.
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What Are the Key Growth Drivers Fueling the Single-Family Housing Green Buildings Market Expansion?
The surge in green buildings within the single-family residential sector has been fostered by heightened consumer curiosity. Particularly, millennials exhibit an escalating interest in sustainable and zero-energy homes, in light of environmental concerns. Such 'green' structures leverage natural and renewable resources in their design. Intriguingly, an enhanced understanding of the perks relating to eco-friendly procedures- such as minimal contact with toxins and pollutants caused by building materials, decreased contamination of indoor air, not to mention heightened environmental health and quality- is driving the expansion of the green buildings market in the single-family housing sector.
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What Are the Key Trends Driving Single-Family Housing Green Buildings Market Growth?
Both builders and homeowners are making concerted efforts to construct environmentally friendly dwellings known as Net-zero homes in an effort to reduce their carbon footprint. Net-zero homes, which generate their own power from onsite sources, should aim to generate at least as much energy as they utilize. To illustrate, in April 2024, Mahindra Lifespace Developers Ltd., a real estate and infrastructure development firm based in India, rolled out Mahindra Zen. It is the inaugural Energy + Zero Waste residential project, which saw a commendable demand, with over 150 homes (or approximately 65% of the units) being sold in just two days, garnering over ?350 crore ($0.041 billion). This booming interest in sustainable living further cements Mahindra Lifespaces' standing in the green real estate sector.
How Is the Single-Family Housing Green Buildings Market Segmented?
The single-family housing green buildings market covered in this report is segmented -
1) By Type: New Constructions, Remodeling Projects
2) By Product: Interior Products, Exterior Products
3) By Construction Type: Full Green, Semi Green
Subsegments:
1) By New Constructions: Energy-efficient Homes, Sustainable Homes, Eco-friendly Homes
2) By Remodeling Projects: Green Home Renovations, Energy-efficient Upgrades, Sustainable Retrofitting, Eco-friendly Home Improvements
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Which Companies Are Leading the Charge in Single-Family Housing Green Buildings Market Innovation?
Major companies operating in the single-family housing green buildings market include Turner Construction Co., Clark Group, AECOM, Hensel Phelps, Holder Construction, The Whiting-Turner Contracting Co., Gilbane Building Co., Skanska USA, Structure Tone, Webcor Builders, Lendlease, Clayco, Suffolk Construction, DPR Construction, PCL Construction Enterprises, Walsh Group, Balfour Beatty US, BL Harbert, Level 10 Construction, Austin Commercial, James G. Davis Construction, JE Dunn Construction, Power Construction, Consigli Building Group, McCarthy Holdings, Hoffman Construction, Brasfield & Gorrie, Mortenson Construction, Sundt Construction, HITT Contracting, Hathway Dinwiddie Construction, The Beck Group, The Weitz Company, The Boldt Company, The Opus Group, The Korte Company, Ryan Companies US Inc., The Haskell Company
Which Regions Are Leading the Global Single-Family Housing Green Buildings Market in Revenue?
Asia-Pacific was the largest region in the single-family housing green buildings market in 2024. Africa is expected to be the fastest-growing region in the single-family housing green buildings market during the forecast period. The regions covered in the single-family housing green buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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