Overview and Scope
Energy-efficient building refers to structures designed and constructed with a focus on minimizing energy consumption while maintaining or improving occupant comfort, health, and productivity. These practices are also employed in the construction and operation of commercial and industrial facilities such as offices, retail stores, factories, warehouses, and institutional buildings.
Sizing and Forecast
The energy-efficient building market size has grown strongly in recent years. It will grow from $125.84 billion in 2023 to $135.6 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to energy prices, environmental regulations, technological advancements, public awareness, government incentives.
The energy-efficient building market size is expected to see strong growth in the next few years. It will grow to $174.01 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to climate change mitigation efforts, technological innovation, urbanization trends, increasing demand for sustainable buildings, energy security concerns. Major trends in the forecast period include net-zero energy buildings, passive design principles, modular construction for energy efficiency, integration of internet of things (IoT) in building management, circular economy principles.
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Segmentation & Regional Insights
The energy-efficient building market covered in this report is segmented –
1) By Type: Heating, Ventilation, And Air Conditioning (HVAC), Lighting, Building Controls, Water Efficiency, Water Heating, Building Envelope, Other Types
2) By Material: Roofing, Fiber Cement, Concrete Tiles, Insulation, Construction Chemicals, Sealants, Water Proofers, Other Materials
3) By End User: Residential, Commercial, Industrial Sector
Europe was the largest region in the energy-efficient building market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the energy-efficient building market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in government investment expected to fuel the growth of the energy-efficient building market going forward. Government investment refers to funds allocated by governmental bodies for various purposes, such as infrastructure development, social programs, education, healthcare, research and development, and clean energy initiatives. Government investment in energy-efficient building initiatives plays a crucial role in accelerating the adoption of sustainable building practices, reducing energy consumption, lowering greenhouse gas emissions, and promoting economic growth and resilience. For instance, in December 2023, according to the International Energy Agency (IEA), a France-based intergovernmental organization, since 2020, governments have allocated $1.34 trillion to incentivize investment in clean energy, leading to a 25% surge in clean energy investment from 2021 to 2023. Therefore, the increase in government investment is driving the energy-efficient building market.
Key Industry Players
Major companies operating in the energy-efficient building market are Siemens AG, Panasonic Corporation, GE Electrical Equipment, Veolia Environnement S.A., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Daikin Industries Ltd., Toshiba Corporation, Johnson Controls International plc, Eaton Corporation PLC, Carrier Global Corporation, Koninklijke Philips N.V., Trane Technologies plc, Emerson Electric Co., Legrand S.A., Osram GmbH, Acuity Brands Inc., Itron Inc., Zumtobel Group AG, Cree Inc., GridPoint Inc., Pacific Controls Inc., BuildingIQ Inc
The energy-efficient building market report table of contents includes:
1. Executive Summary
2. Electric Vehicle Motors Market Characteristics
3. Electric Vehicle Motors Market Trends And Strategies
4. Electric Vehicle Motors Market – Macro Economic Scenario
5. Global Electric Vehicle Motors Market Size and Growth
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32. Global Electric Vehicle Motors Market Competitive Benchmarking
33. Global Electric Vehicle Motors Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Electric Vehicle Motors Market
35. Electric Vehicle Motors Market Future Outlook and Potential Analysis
36. Appendix
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