Zero Emission Buildings Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Russia, UK, Germany, France, China, India, Japan, Indonesia, Singapore, Hong Kong, South Africa, Brazil), Application Development, Competitive Market Share & Forecast, 2019 - 2025
Report ID: GMI1237
Global zero emission buildings market size is predicted to witness growth during the forecast period owing to increasing electricity demand coupled with rising concern towards energy conservation. In 2016, the U.S., buildings consumed 70% of electrical energy generated in the country. Growing need to fulfill electricity supply gap will also positively influence the industry growth.
Strict government regulations to reduce fossil fuel dependency will propel zero emission buildings market share. The U.S. has introduced Energy Independence and Security Act to encourage the deployment of greenhouse gas capture and storage option. Its aim to reduce fossil fuel utilization by 80% in all new and renovated federal buildings by 2020. Introduction of various schemes including financial assistance schemes, tax benefit schemes and subsidies to promote renewable energy adoption may also anticipated to propel industry growth.
Favorable government initiatives to reduce CO2 gas emissions will stimulate zero emission buildings market share. For example, Germany has introduced 2010 energy strategy, with aims to reduce emissions by 85-90 % along with increasing renewable energy supply by 80% by 2050.
High initial infrastructure cost and intermittent availability of wind and solar energy may hamper the zero emission buildings market size.
Based on grid connectivity, zero emission buildings market can be segmented into off grid and grid connected zero emission buildings. Grid connected buildings return excess energy to grid while off grid buildings store the excess energy. Grid connected buildings will witness growth subject to its ability to conserve energy by supplying excess energy to grid.
Based on application, zero emission buildings market can be segmented into commercial, residential and industrial zero emission buildings. The global revenue generated by industrial segment is predicted to witness growth owing to increasing infrastructure spending.
On the basis of energy production technique, zero emission buildings market can be segmented into photovoltaic based and hybrid (photo voltaic-thermal) Zero Emission Buildings. Favorable government initiatives to promote renewable energy utilization will positively encourage the industry growth. In the U.S., government is providing 30 percent renewable energy tax credit. This tax credit is applicable to residential sector and covers solar-thermal systems and photovoltaic systems.
U.S. zero emission buildings market share will witness significant growth owing to the stringent government regulations to reduce greenhouse gas emissions. New York city has launched 80 * 50 initiative, with aims to reduce greenhouse gas emissions by 80 percent by 2050.
Europe zero emission buildings market share will experience substantial growth owing to introduction of various directives to encourage deployment of energy efficiency building. Europe has introduced 2010/31/EU directive, with aims to ensure that all new buildings to be net zero energy buildings by 2020.
Asia Pacific zero emission buildings market size is anticipated to witness growth due to increasing electricity demand coupled with rapid industrialization. China, India, Indonesia, Singapore and Japan are the biggest spenders on infrastructure in this region. On average, China spends around 8-9% of its gross domestic product (GDP) on infrastructure projects.
African zero emission buildings market share will experience considerable growth owing to introduction of various government initiatives to promote the adoption of energy efficient buildings technology. South Africa Green Building Council (SAGBC) has committed to introduce building certificate scheme by 2020. The certification covers waste, water, carbon emission, energy usage and conservation in residential, commercial & industrial buildings. These certificates are beneficial for prospective buyers to compare energy efficiency of different buildings and check compliance with various building codes.
Key players in zero emission buildings market are Johnson Controls, Integrated environmental Solutions (IES), Solatube, SageGlass, Kingspan, Integral Group, Lendlease and The Rockwool Group, Schneider Electric, Siemens AG, ABB, Honeywell and Pacific Controls.
Major industry players have adopted numerous merger and acquisition strategies to enhance their business growth. On September 2016, Johnson Controls completed its merger with Tyco. Merger will enable Johnson Controls to combine its capability in building efficiency solution with Tyco’s expertise in fire and security solutions.
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