The green building global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Green Building Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The green building market size has grown strongly in recent years. It will grow from $537.94 billion in 2023 to $588.37 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to increasing awareness of climate change and environmental sustainability, rising adoption of green building practices, promotion in eco-friendly construction, rising energy costs and a focus on energy conservation encourage energy-efficient building designs, long-term operational cost reductions, automation for efficient building management.
The green building market size is expected to see strong growth in the next few years. It will grow to $851.01 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to growing concern about the environment, the introduction of rules and regulations to use eco-friendly materials and solutions, environmental benefits of sustainable building practices, positive impact on the health and well-being of the people, increasing government support for sustainable building practices. Major trends in the forecast period include efficient and innovative production processes, the issue green financing instruments, environmental and sustainable practices, renewable energy solutions, and technological innovations.
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Scope Of Green Building Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Green Building Market Overview
Market Drivers –
The rising interest in sustainable building practices is expected to propel the growth of the green building market going forward. Sustainable building practices involve designing, constructing, and operating buildings in an environmentally responsible and resource-efficient manner throughout their lifecycle. Sustainable building practices are on the rise due to growing environmental awareness, economic benefits for building owners, and regulatory requirements. Green buildings promote sustainable development by reducing resource consumption, minimizing pollution, and creating healthier and more resilient built environments for current and future generations. For instance, in February 2024, according to the US Green Building Council, a US-based non-profit organization, in 2023, there was a 9% surge in LEED (Leadership in Energy and Environmental Design), the most widely used green building rating system in the world, certifications compared to the preceding year, accompanied by an additional 21 LEED certifications for single-family homes in the residential sector. Moreover, there was a remarkable 51% uptick in new LEED project registrations during the same period. Therefore, rising interest in sustainable building practices is driving the growth of the green building market.
Market Trends –
Major companies operating in the fleet management solutions market are focused on developing advanced solutions, such as fleet management suites, to improve fleet operations. Fleet management suites are essential tools for businesses to efficiently manage their vehicle fleets. For instance, in September 2022, Ford Pro, a US-based subsidiary of Ford Motor Automobile Company, launched Ford Pro fleet management software designed to make fleet administration easier for small and medium-sized organizations by providing tools for tracking drivers and vehicles, managing titles and registrations, monitoring vehicle health, tracking maintenance, and digitizing cost-related data. It aims to reduce paperwork and spreadsheets with a digital solution that offers flexibility and trusted support for businesses’ needs and budgets. Fleet Management Software offers an adaptable tracking system that can monitor fuel usage expenses and integrate with almost any payment method an organization may utilize. It saves company owners time on registration and license management while also providing a single point of contact for car registration renewals. This allows drivers to automate maintenance and repair tracking at over 55,000 in-network repair facilities in the United States.
The green building market covered in this report is segmented –
1) By Product Type: Exterior Products, Interior Products, Building Systems, Solar Products, Other Product Types
2) By Application: Residential, Non-Residential Buildings
3) By End-Use: Roofing, Flooring, Insulation
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Regional Insights –
North America was the largest region in the green building market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the green building market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the green building market are Robert Bosch GmbH, BASF SE, Siemens AG, General Electric Company, Raytheon Technologies Corporation, Panasonic Corporation, LG Electronics Inc., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Daikin Industries Ltd., Johnson Controls International plc, CEMEX S.A.B. de C.V., DuPont de Nemours Inc., Owens Corning, Kingspan Group plc, Signify N.V., Binderholz GmbH, Forbo International SA, Interface Inc., Alumasc Group plc, Amvik Systems Inc., Bauder Ltd., Plastiblok Ltd.
Table of Contents
1. Executive Summary
2. Green Building Market Report Structure
3. Green Building Market Trends And Strategies
4. Green Building Market – Macro Economic Scenario
5. Green Building Market Size And Growth
…..
27. Green Building Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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