Zero-energy Buildings Market to grow by USD 172654.7 million between 2024-2028
According to a research report “ Zero-energy Buildings Market” by Application (Public and commercial buildings, Residential buildings) Product (HVAC and controls, Insulation and glazing, Lighting and controls, Water heating) Geography (North America, APAC, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 172654.7 million at a CAGR of 23.51% during the forecast period. In the business realm, the shift away from fossil fuels as a primary energy source is gaining momentum due to their finite nature and detrimental environmental impact. This trend poses a challenge for meeting energy demands, as the exact quantity of fossil fuels remains uncertain. However, proven reserves can be quantified, representing approximately two centuries' worth of supply. It's crucial to note that the continued use of fossil fuels, particularly coal, poses health risks through emissions of harmful substances like particulate matter and mercury. Consequently, the zero-energy buildings market emerges as a promising solution, offering energy efficiency and sustainability..
Browse market data tables, figures, and in-depth TOC on “Zero-energy Buildings Market” by Application (Public and commercial buildings, Residential buildings) Product (HVAC and controls, Insulation and glazing, Lighting and controls, Water heating) Geography (North America, APAC, Europe, Middle East and Africa, South America) Global Forecast to 2028.
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By Application, the Public and commercial buildings segment is projected to dominate the market size in 2024.
In the zero-energy building market, HVAC systems represent a significant energy consumption sector. To enhance energy efficiency and minimize energy usage, these systems can be integrated with other systems, such as DHW. Old HVAC systems are being upgraded with more energy-efficient alternatives, like economizers, which offer ventilation and reduce electricity consumption for air conditioning. By optimizing HVAC systems, zero-energy building operators can effectively decrease overall energy consumption and costs.
By Product, HVAC and controls segment is expected to hold the largest market size for the year 2024.
In the coming years, the zero-energy buildings market is projected to expand substantially, fueled by the imperative to minimize energy expenditures. Globally, governments are implementing regulatory frameworks and policies to foster the creation of energy-neutral structures, particularly in the commercial and public building sectors. Energy intensive commercial buildings, which rely heavily on HVAC, water heating, and lighting systems, consume a substantial amount of energy. The US, a significant player in commercial construction, is poised for moderate to robust expansion across all sectors, including lodging, offices, and retail spaces.
North America is forecasted to hold the largest market size by region in 2024.
In North America, the zero-energy buildings market is experiencing significant growth. This trend is fueled by the increasing implementation of solar energy and energy storage systems, as households strive for energy independence in response to escalating energy expenses. Over the last few years, there has been a notable uptake of solar Photovoltaic (PV) systems in the residential sector, spurred by decreasing costs and government incentives. In the US, both feed-in and net metering policies have been adopted by utilities to encourage the proliferation of solar distributed generation units.
The Zero-energy Buildings Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
In the contemporary construction sector, there is a significant shift towards the creation of zero-energy buildings. These structures prioritize environmental protection by integrating various energy-efficient technologies, such as insulation, air sealing, natural ventilation, and renewable energy systems. Zero-energy buildings aim to minimize energy consumption through the use of energy-efficient appliances and green construction technology. They harness the power of renewable energy sources, including geothermal energy systems, solar panels, and wind power, to generate all the energy they require. Direct solar energy and net-zero energy structures are becoming increasingly popular as the world becomes more carbon-neutral and aware of the environmental implications of carbon emissions and climatic changes. Green buildings, which incorporate these features, offer improved air quality and contribute to the reduction of greenhouse gases. The zero-energy buildings market is witnessing substantial growth as governments and organizations recognize the importance of reducing energy consumption and carbon footprints. This trend is expected to continue as the world transitions towards a more sustainable future.
Market Research Overview
In the rapidly evolving world of sustainable construction, the Zero-Energy Buildings (ZEBs) market continues to gain significant traction. These structures, designed to produce as much energy as they consume, are a key component of the renewable energy landscape. ZEBs encompass both residential and non-residential buildings, and their development is driven by a combination of factors. These include stringent building codes and energy efficiency standards, a growing awareness of environmental protection, and the increasing availability of renewable energy sources such as geothermal energy systems, photovoltaics, and wind power. ZEBs incorporate various design and consulting services, including air sealing, insulation, natural ventilation, and energy management systems. Indoor air quality is also a critical consideration, as is the use of energy-efficient appliances and greenhouse gas emissions reduction through the adoption of carbon neutral HVAC systems and lighting solutions. The integration of analytics platforms, networked sensors, and direct solar energy further enhances the sustainability of these structures. Ultimately, ZEBs represent a significant step towards net-zero energy structures, contributing to carbon emissions reduction, sustainable development, and the conservation of our environment.
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