Press release
Competitive Landscape: Key Market Leaders and Rising Contenders in the Energy-Efficient Building Sector
Energy-Efficient Building Market
Forecasted Market Size and Growth Trajectory of the Energy-Efficient Building Market
The energy-efficient building market is projected to experience robust growth in the coming years, reaching a valuation of $192.52 billion by 2030. This expansion corresponds to a compound annual growth rate (CAGR) of 5.8%. The market's upward momentum is supported by increased investments in net-zero building initiatives, broader acceptance of smart building technologies, greater integration of renewable energy systems, the rise of energy management services, and advancements in building envelope materials. Anticipated trends include the enhanced use of high-efficiency HVAC solutions, smart energy management systems, renewable energy incorporation, improved insulation materials, and the growth of near-zero and net-zero energy building projects.
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Major Players Driving Innovation in the Energy-Efficient Building Market
Several influential companies dominate the energy-efficient building industry. These key players include 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., and BuildingIQ Inc.
Strategic Acquisitions Strengthening Market Positions
In May 2023, Bosch Building Technologies, a Germany-based provider of integrated building automation, security, and energy services, acquired Paladin Technologies for an undisclosed amount. This acquisition boosts Bosch's expertise and market presence within North America's commercial building services sector, which is increasingly focused on energy efficiency and security solutions. Paladin Technologies, headquartered in Canada, specializes in complex system integration for building technologies, including IP security, audiovisual systems, low voltage, and integrated technology solutions.
View the full energy-efficient building market report:
https://www.thebusinessresearchcompany.com/report/energy-efficient-building-global-market-report
Emerging Trends Shaping the Future of the Energy-Efficient Building Market
Industry leaders are prioritizing the development of innovative solutions that leverage advanced technologies like smart Internet of Things (IoT) devices to enhance energy efficiency across various settings, from residential and commercial buildings to industrial and urban environments. These smart IoT solutions support sustainability goals and contribute to environmental conservation efforts.
For example, Siemens AG launched Connect Box in March 2023, an IoT platform designed for small to medium-sized buildings. This solution integrates wired and wireless devices to optimize energy consumption, monitor system performance, and improve indoor air quality in real time. Featuring plug-and-play installation, flexible licensing models, and user-friendly interfaces, Connect Box caters to diverse needs while helping customers achieve up to 30% energy savings and maintain compliance with sustainability standards.
Comprehensive Market Segmentation in the Energy-Efficient Building Industry
The energy-efficient building market is categorized based on type, material, and end user to provide a detailed understanding of the sector:
1) By Type: Heating, Ventilation, and Air Conditioning (HVAC), Lighting, Building Controls, Water Efficiency, Water Heating, Building Envelope, and Other Types
2) By Material: Roofing, Fiber Cement, Concrete Tiles, Insulation, Construction Chemicals, Sealants, Waterproofers, and Other Materials
3) By End User: Residential, Commercial, and Industrial Sectors
Further breakdowns include:
- HVAC: High-Efficiency HVAC Systems, Geothermal Heating and Cooling, Smart Thermostats, Variable Refrigerant Flow (VRF) Systems
- Lighting: LED Lighting, Smart Lighting Systems, Solar-Powered Lighting, Dimmable Lighting, Lighting Controls
- Building Controls: Building Management Systems (BMS), Energy Management Systems (EMS), Smart Thermostats, Occupancy Sensors, Advanced Metering Infrastructure (AMI)
- Water Efficiency: Low-Flow Fixtures, Water-Efficient Landscaping, Rainwater Harvesting, Greywater Recycling
- Water Heating: Solar Water Heaters, Heat Pump Water Heaters, Tankless Water Heaters, High-Efficiency Water Heaters
- Building Envelope: Insulation Materials, Energy-Efficient Windows, Roofing Solutions, Air Sealing and Draft Prevention, Reflective and Insulating Materials
- Other Types: Energy-Efficient Appliances, Renewable Energy Systems, Smart Home Technologies for Energy Efficiency, Green Building Materials
These segments illustrate the diverse range of products and technologies advancing the energy-efficient building market, supporting its ongoing growth and innovation.
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