Net-Zero Energy Buildings Market Size to Cross $ 96,000 MN by 2026

March 22, 2019

The net-zero energy buildings market is expected to amass a valuation of over $96,008 million by the end of 2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2017-2026.

As per the report, in the year 2017, the commercial net-zero energy buildings segment turned out to be the dominant segment in terms of profits. Owing to the rising awareness about energy efficiency solutions and surging environmental concerns, North America is anticipated to be the leading contributor to the global net-zero energy buildings market over the forecast period. 

Rising imposition of strict energy consumption regulations by governments across the globe has fueled the adoption of net-zero energy buildings. Rising environmental concerns, increasing need to minimize energy consumption and depleting fuel resources will further support the expansion of the net-zero energy buildings market size, cites the report.

In addition, increasing acceptance and declining operation costs could accelerate market growth during the estimated time period. Other factors backing industry growth include the presence of a favorable regulatory outlook, technological advancements, and rising awareness. Moreover, increased funding by vendors toward technological advancements along with research and development will further boost the global net-zero energy buildings market growth.

Of late, the growing demand for net-zero energy buildings can be attributed to the increasing energy concerns and rising environmental consciousness across pivotal geographies. The substantial growth in the cost of traditional fuel due to depleting fossil fuel reserves has persuaded customers to switch to renewable sources. However, a lack of awareness among customers hampered the adoption of these buildings in the past, but as a result of strong government initiatives and investments, the development of net-zero energy buildings has grown significantly, cites the report.

The report provides an in-depth analysis of the net-zero energy buildings market drivers, challenges, and opportunities over the forecast period. A deep dive analysis of the report in terms of financial overview, product benchmarking, regional landscape, and competitive profiling has also been included in the report.   

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Enumerated below are some of the key findings of the report:

•    In terms of the geographical landscape, North America net-zero energy buildings market accrued the highest revenue in 2017 and is expected to dominate the global market during the forecast period.

•    The North America government is promoting the adoption of net-zero energy buildings in collaboration with engineers and architects, thereby increasing the revenue influx in the region.

•    The net-zero energy buildings concept is being rapidly adopted by public sector and universities owing to stringent government regulations and the need to save operating costs.

•    Industry conglomerates in North America have embraced partnerships and expansion strategies to boost their market share.    

The report further mentions the different types of net-zero energy buildings which includes residential as well as a commercial segment. In 2017, the commercial segment accounted for the highest market share. The burgeoning awareness about green buildings and operational cost have prompted the commercial sector enterprises to invest in non-zero energy buildings to decrease their carbon footprint. As per the report, the residential sector is anticipated to grow at the highest CAGR in the foreseeable future.   

The competitive landscape of net-zero energy buildings market comprises of prominent players like Siemens AG, Johnson Controls International plc, General Electric, SunPower Corporation, Sage Electrochromics, Altura Associates, Inc., Daikin Industries Ltd., Kingspan Group plc, Schneider Electric, and Integrated Environmental Solutions Limited among others. These firms introduce innovative products and team up with other market leaders to design new products to suffice the rising consumer needs and requirements, thereby augmenting the net-zero energy buildings market demand.