Market Overview
The energy-efficient buildings are achieving higher potential due to the rising concern for energy loss and the awareness of saving energy. It is adopted in both developed and developing countries around the world.
The Energy-Efficient Building Market is gradually growing due to the growing demand from the end-users. The main advantage of these buildings is to reduce the cooling and heating need based on whatever material and energy.
The major driver of the market is the government initiatives for the reduction of carbon emission and offering protection and safeguard to the living environment. These initiatives are protecting the environment from getting polluted.
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The rise in usage of energy-saving products in construction sites is another major driver of the Energy-Efficient Building Market, propelling its growth in the forecast period. The growing need among the public for the construction of green buildings in regions worldwide is boosting the market. The growing interest of the people and the awareness of the usage of pollution-free solutions to avoid environmental hazards are lifting up the market’s growth rate. The reduction of carbon emission and the concern to controlling its emission is another growth factor.
The Energy-Efficient Building Market is receiving wide opportunities which are propelling the growth value. The growing importance of energy-saving and energy-efficient solutions in urban areas is accelerating the market. Also, the rising growth is due to the gradual growth of both residential and non-residential constructional development in developed and developing regions. The higher growth of construction of the buildings for IT and other official purposes is even contributing to its growth. Governments around the world are promoting energy efficiency, and energy conservation is aiding the market.
The Energy-Efficient Building Market will reach a value of USD 204.7 billion and a CAGR of 5.93 % by 2030 in the forecast period.
Market Segments
The Energy-Efficient Building Market is segmented into components, end-users, and sales channels.
The component is segregated into Ventilation systems, Lighting technology, Water efficiency, Water heating, Energy management system, Control, HVAC, and building envelope.
The end-users section of the market has Retail, Education, Health care, offices, Hotels and restaurants, institutions, warehouses, and Transport.
The sales channel of the market is divided into the direct channel and indirect channel.
Regional Analysis
The geographical distribution of the Energy-Efficient Building Market covers the chief regions such as North America, Europe, and the Asia Pacific region.
The North American region is capturing the greatest share of the market due to the development of green buildings. The concern about saving energy and protecting the environment is also driving the regional market of this region.
The Asia Pacific will notice significant growth due to the growth in the industrial sectors and non-residential sectors.
Other regions around the world, such as the Middle East and Africa, and European Union, will reach a good growth rate in the forecast period.
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Industry News
In 2021 siemens Spain and Telefonica collaborated with a common value proposition for improving the energy efficiency and user experience to use in smart buildings in the future years.
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