New York, 17,
Oct 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.
