Global Energy-efficient Building Market 2016-2020

Overview of the global energy-efficient building market

Market research analysts at Technavio have predicted that the global energy-efficient building market will grow steadily and post a CAGR of almost 10% by 2020. This market research analysis identifies the need to enhance energy-efficiency in existing buildings as one of the primary factors for the growth of this market. Green buildings help in ensuring the availability of a sustainable energy resource for efficient operations. In addition to utilizing energy from renewable resources, energy-efficient buildings focus on energy conservation as well. This has augmented the need to increase the efficiency of existing buildings by retrofitting. Retrofitting involves insulating buildings and also installing energy-efficient fixtures such as draught strips, energy-efficient lighting, roof, wall, and floor insulations, and advanced heating controls. This will result in a considerable reduction in energy consumption, which will increase the demand for energy-efficient systems and appliances and in turn, enhancing the growth of the market.

Unlike conventional buildings, green or sustainable buildings account for minimal or zero greenhouse gas emissions and play a significant role in preserving the environment. Zero-energy buildings produce much energy as they consume, reduce the dependence on energy from non-renewable sources, and also decrease carbon emission levels. With the increasing demand for energy driving energy prices, the construction of zero-energy buildings will soon become a major trend in countries all across the globe.

Competitive landscape and key vendors