The latest report by IMARC Group, titled “Net-Zero Energy Buildings Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” finds that the global net-zero energy buildings market reached a value of US$ 27.8 Billion in 2022. Net-zero energy (NZE) buildings use on-site renewable resources to meet energy requirements. They rely on passive solar heat gained through photovoltaics (PV) and geothermal energy systems to stabilize temperature variations in the building throughout the day. They also include highly efficient appliances, heating and cooling equipment, walls, roofs, windows, and doors. In addition, these buildings assist in maintaining natural ventilation, insulation, and air sealing, thereby minimizing overall energy consumption. As a result, net-zero buildings are widely used as office spaces, educational facilities, residential complexes, and public buildings.
Global Net-Zero Energy Buildings Market Trends:
The market is primarily driven by the increasing utilization of renewable resources for power generation across the globe. In addition, the implementation of favorable government initiatives to minimize carbon emissions and promote sustainable development represents another major growth-inducing factor. For instance, the California Public Utilities Commission (CPUC) introduced a long-term strategic plan to promote the construction of new NZE buildings. Moreover, various key players are developing innovative gas water heaters and other heating, ventilation, and air conditioning (HVAC) systems that maintain indoor air quality and ensure a non-hazardous environment in low-rise buildings. This, coupled with the rapid infrastructural development, especially in developing countries, is creating a favorable market outlook across the globe. Looking forward, IMARC Group expects the market to reach a value of US$ 103.9 Billion by 2028, exhibiting a CAGR of 21.8% during the forecast period (2023-2028).
- Based on the offering, the market has been categorized into equipment (lighting, walls and roofs, HVAC systems, and others) and solutions and services (software solutions, designing services, and consulting services.
- Based on the building type, the market has been bifurcated into commercial and residential.
- Region-wise, the market has been divided into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has been examined in the report, with some of the key players being Altura Associates LLC, Daikin Industries Ltd., General Electric Company, Integrated Environmental Solutions Ltd., Johnson Controls International plc, Kingspan Group Plc, Sage Electrochromics Inc. (Compagnie de Saint-Gobain S.A), Schneider Electric, Siemens Aktiengesellschaft, Solatube International Inc. and Sunpower Corporation (Total SE).
|Base Year of the Analysis
||Offering, Building Type, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Altura Associates LLC, Daikin Industries Ltd., General Electric Company, Integrated Environmental Solutions Ltd., Johnson Controls International plc, Kingspan Group Plc, Sage Electrochromics Inc. (Compagnie de Saint-Gobain S.A), Schneider Electric, Siemens Aktiengesellschaft, Solatube International Inc. and Sunpower Corporation (Total SE)
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