Global Zero Emission Buildings Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

Global Zero Emission Buildings Market: Overview

"The global Zero emission buildings Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

Zero emission buildings are also known as zero-carbon buildings, zero net energy buildings or zero-energy buildings, used to reduce energy needs through efficiency gains. With technical solutions and design, it serves as an environment-friendly alternative to conventional fuels.

Global Zero Emission Buildings Market: Dynamics

Increasing acceptance of zero emission buildings to conserve energy, along with favorable government initiatives and incentives to create awareness regarding the benefits of low carbon emissions are some of the major factors expected to propel the growth of the target market over the forecast period. According to a document published by World Resource Institute, In Germany, an energy strategy was implemented in 2010, with an aim to reduce energy-related emissions by 85-90%, along with increasing renewable energy supply by 80% by 2050. Moreover, schemes, financial assistance schemes, tax benefits, and subsidies to use renewable energy sources, coupled with government policies and regulations to promote energy efficiency and sustainable development in developed as well as developing economies are expected to support the demand for growth of the target market. World Green Building Council (WGBC), European Environmental Bureau (EEB), New Buildings Institute (NBI), and others are targeting the adoption of green and low-carbon emission buildings, which is expected to drive the growth of the global zero emission buildings market.

Global Zero Emission Buildings Market: Segment Analysis

Among the technology segments, the HVAC systems segment is expected to account for major revenue shares in the global market.

Among the services segments, the consulting and designing segment is expected to account for higher revenue shares and is expected to maintain its dominance over the forecast period.

Among the application segments, the residential segment is projected to register a significant growth rate over the forecast period.

Global Zero Emission Buildings Market: Regional Analysis

The zero-emission buildings market in North America is projected to grow at a significant rate over the forecast period, owing to the adoption of the net-zero energy building (NZEB) technology in countries such as US and Canada in the region.  Moreover, the introduction of green building standards and efforts taken by the US energy department to achieve sustainability of existing and new buildings are expected to drive revenue growth of the target market. Furthermore, the market in Asia Pacific is expected to account for major share in terms of revenue in the global market. Rising awareness regarding a clean and green environment and increasing investments for the development of infrastructure in countries such as China, Singapore, South Korea, India, and Australia are projected to create lucrative revenue opportunities for players operating in the target market in the upcoming period.

Europe's zero emission buildings market is expected to grow at a significant rate over the forecast period.  Introduction of 2010 Energy Performance of Buildings Directive and the 2012 Energy Efficiency Directive to encourage deployment of energy-efficient buildings and mandate zero energy construction by 2020, contributing to the growth of the target market in the region.

Global Zero Emission Buildings Market Segmentation:

Segmentation by Technology:

• Lighting
• Walls & Roofs (paneling and roofing materials, components, systems, and solutions)
• HVAC Systems
• Others (glazing equipment, electrical & mechanical equipment, components, and spare parts)

 Segmentation by Services:

• Software
• Consulting & Designing

Segmentation by Application:

• Residential
• Non-residential

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa