New York, NY Dec 10 2019: According to a new
research published by Polaris Market Research the net-zero
energy buildings market is anticipated to reach over USD
96,008 million by 2026. In 2017, the commercial net-zero energy buildings
segment dominated the global market, in terms of revenue. North America is
expected to be the leading contributor to the global market revenue during the
forecast period.
Several stringent
energy consumption regulations passed by governments worldwide have boosted the
adoption of net-zero energy buildings. Growing concerns regarding environment,
depleting fuel resources, and 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 the market growth.
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The demand for
net-zero energy buildings has increased over the years owing to increasing
energy concerns, and environment 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 2017,
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. Public structures and universities are adopting net-zero
energy buildings owing to stringent government regulations, and the need to
reduce operation 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.
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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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