Pune, India, August 2023, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Energy Efficient Building Market.
Market Research Future (MRFR) has published a cooked research report on the “Energy-Efficient Building Market” that contains information from 2022 to 2032. The Global Energy-Efficient Building Market is estimated to register a CAGR of 5.93% during the forecast period of 2022 to 2032.
MRFR recognizes the following companies as the key players in the Global Energy-Efficient Building Market Honey well, Johnson controls, Schneider, Siemens, ABB, Building IQ, EnerNOC, Gridpoint, Pacific controls, and others.
Energy Efficient Building Market Highlights
The Global Energy-Efficient Building Market is accounted to register a CAGR of 5.93% during the forecast period and is estimated to reach USD 208.08 Billion by 2032.
The Energy-Efficient Building Market refers to the global industry that focuses on the design, construction, and retrofitting of buildings with the primary goal of significantly reducing energy consumption while maintaining or improving overall comfort and functionality. These buildings are designed and equipped with various energy-saving technologies, materials, and systems to optimize energy use, reduce greenhouse gas emissions, and minimize the environmental impact associated with conventional buildings. the Energy-Efficient Building Market is driven by the pressing need to address climate change, reduce energy consumption, and create sustainable and environmentally responsible structures for the future. The increasing demand for energy-efficient buildings is expected to continue to grow as individuals, governments, and businesses recognize the economic, environmental, and social benefits of sustainable construction practices.
Segment Analysis
The Global Energy-Efficient Building Market has been segmented based on Building Type, and Component Type.
Based on Building Type, the market is segmented into Residential, Commercial and Industrial. the commercial segment holds the dominant position, accounting for 47% of the market revenue. This can be attributed to the significant cost savings that energy-efficient technologies and strategies offer for commercial building owners and operators. As businesses and organizations prioritize sustainability and seek to reduce operating expenses, energy-efficient solutions have become increasingly attractive in the commercial sector.
Based on Component Type, the Market has been segmented Ventilation Systems, Lighting Technologies, Energy Management Systems, and Controls. the energy management systems dominate the market, accounting for 43% of market revenue. This segment offers real-time data, advanced analytics, and automated control strategies that play a crucial role in optimizing energy consumption, identifying energy-saving opportunities, and minimizing wastage within buildings.
Regional Analysis
The Global Energy-Efficient Building Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Energy-Efficient Building Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Energy-Efficient Building Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Energy-Efficient Building Market comprises of Middle East, Africa, and Latin America.
In 2022, the North America Energy-Efficient Building Market held the dominant position, accounting for 45.80% of the market share. The United States, in particular, has implemented stringent building energy codes at both federal and state levels, fostering the widespread adoption of energy-efficient practices and technologies in the construction sector.
The Europe Energy-Efficient Building market holds the second-largest market share. European Union member states have set ambitious targets for energy efficiency and renewable energy adoption, creating a significant demand for energy-efficient buildings.
In the Asia-Pacific region, the Energy-Efficient Building Market is projected to experience the fastest Compound Annual Growth Rate (CAGR) from 2023 to 2032. The region's booming population and rapid urbanization have led to an increased demand for new construction, offering opportunities to incorporate energy-efficient design and technologies into building projects.
Key Findings of the Study
- The Global Energy-Efficient Building Market is expected to reach USD 208.08 Billion by 2032, at a CAGR of 5.93% during the forecast period.
- The Canada Armor Materials market experienced the highest growth rate in the region, reflecting a significant increase in demand for energy-efficient building materials and technologies in Canada.
- Based on Building Type, the Market has been segmented into Energy Management Systems holding the largest market in 2022.
- Honey well, Johnson controls, Schneider, Siemens, ABB, Building IQ, EnerNOC, Gridpoint, Pacific controls, and others.
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Base Year | 2023 |
Companies Covered | 15 |
Pages | 107 |
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