Property Dealers to Fuel Market Growth of Green/Intelligent Building Market Globally
Growing impact of global warming on the environment along with growing awareness regarding preservation of ecological balance is expected to fuel growth of the global market. As several material used during the construction of buildings are toxic in nature, demand for non-toxic and renewable materials is likely to impact growth of the global market positively. Integration of several facilities including heating ventilation and air conditioning (HVAC) along with other functions enable the residents in managing resources in a better manner. Attributed to such factors, the global green/intelligent building market is expected to witness robust market growth during the forecast period.
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Construction process of the green/intelligent building includes recycled materials, renewable resources including hydropower, solar power, and wind power for generating green energies along with fiberglass. The green/intelligent buildings enable the residents to consume relatively low energy, and further reduce the cost of consuming the energy significantly. Further, the green/intelligent buildings increasingly help the residents in conserving rain water, and offers several water harvesting methods. Attributed to these factors, growth of the global green/intelligent buildings is likely to rev up during the forecast period.
Moreover, government in various countries including China and India are likely to invest in the renewable energy resources attributed to increasing prices of energy (power) deficits, and consumption of energy. In addition, property developers are increasingly implementing strategies in order to attract investment. Such factors are likely to contribute towards growth of the global market of green/intelligent building market significantly during the forecast period.
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On the contrary, surge in the prices of the materials used during the construction of the buildings revs up the prices of the residential facilities. As these facilities are unaffordable in most of the cases, demand for the green/intelligent buildings are likely to dip during the forecast period. Moreover, construction of these buildings begin with long-term investments, and the end users expect returns on that investment after sometime. These factors are likely to hinder growth of the global market during the forecast period. Moreover, limited skilled personnel for training the residents and end users regarding the functioning of the systems due to poor technical knowledge will further inhibit growth of the global market.
Leading market players operating in the global green/intelligent building market are Gilbane Inc. (U.S.), The Whiting-Turner Contracting Company (U.S.), Turner Construction Company (U.S.), Hensel Phelps Construction Company (U.S.), Forbo Intrnational SA (Switzerland), Clark Group (United Kingdom.), Alumasc Group PLC (United Kingdom), Binderholz GmBH (Germany), and Certain Teed Corporation (U.S.). Leading market players such as Bauder Ltd. (United Kingdom) have been recognized and received awards for proving with aesthetic roofing solutions.
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