According to the research report published by Polaris Market Research, the Global Net-Zero Energy Buildings Market Size Is Expected To Reach USD 140.18 Billion By 2028, at a CAGR of 29.5% during the forecast period.
Polaris Market Research has recently published a research report titled Net-Zero Energy Buildings Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2032 that emphasizes a comprehensive analysis of current and future prospects to analyze the growth rate of the market. The report describes Net-Zero Energy Buildings Market size, historical trends, industry advancements, segmentation analysis, new opportunities, factors controlling the market, and developments. The report analysts have provided a detailed Net-Zero Energy Buildings Market segmentation assessment of the market based on type, application, and geography. Client needs with an understanding of market capacities are ensured in this analytical study.
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Several stringent energy consumption regulations passed by governments worldwide have boosted the adoption of net-zero energy buildings. Growing concerns regarding the environment, depleting fuel resources, and the increasing need to reduce energy consumption further support the growth of this market.
Additionally, the increasing acceptance and reducing operation costs would boost market growth during the forecast period. Other factors supporting market growth include supportive government regulations, increasing awareness, and technological advancements. Increasing investments by vendors in technological advancements coupled with research and development further boost market growth.
The demand for net-zero energy buildings has increased over the years owing to increasing energy concerns, and environmental consciousness across the globe. The exponential growth in the prices of traditional fuel owing to the depleting fossil fuel reserves has encouraged consumers to switch to renewable sources for operations in net-zero energy buildings.
Limited awareness among consumers has limited the adoption of these buildings in the past. However, with significant government initiatives and substantial investments, the development of net-zero energy buildings has accelerated significantly.
North America generated the highest revenue in the market in 2020 and is expected to lead the global market throughout the forecast period. The increasing awareness among consumers and rising environmental concerns drive the market growth in the region. The governments in the region are collaborating with engineers and architects to promote the adoption of Net-Zero Energy Buildings.
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Public structures and universities are adopting net-zero energy buildings owing to stringent government regulations, and the need to reduce operating costs. Numerous key players have adopted partnership and expansion strategies to increase their market share in net-zero energy building markets of the North American region.
The different types of net-zero energy buildings include residential, and commercial. In 2017, the commercial segment accounted for the highest market share. The awareness regarding green buildings and reduction in operation costs encourage the commercial sector to invest in non-zero energy buildings.
Commercial structures such as manufacturing plants, offices, and institutes are adopting net-zero energy buildings to reduce emissions and energy use. The residential sector is expected to grow at the highest CAGR during the forecast period.
The well-known companies profiled in the report include Siemens AG, General Electric, Johnson Controls International plc, SunPower Corporation, Altura Associates, Inc., Sage Electrochromics, Inc., Daikin Industries Ltd., Schneider Electric, Kingspan Group plc, and Integrated Environmental Solutions (IES) Limited among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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Polaris Market Research has segmented the net-zero energy buildings market report based on type, and equipment:
Net-Zero Energy Buildings, Type Outlook (Revenue – USD Billion, 2016 – 2028)
- Residential
- Commercial
Net-Zero Energy Buildings, Equipment Outlook (Revenue – USD Billion, 2016 – 2028)
- HVAC Systems
- Lighting
- Walls and Roofs
- Others
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