What Is The Current and Historic Market Size Analysis Of The Net Zero Energy Buildings Market?
The net zero energy buildings market has seen considerable growth due to a variety of factors.
• In the past several years, the net-zero energy buildings market has seen a swift expansion in its size. The market, standing at $37.66 billion in 2024, is predicted to rise to $44.77 billion in 2025, reflecting a compound annual growth rate (CAGR) of 18.9%.
This growth in the historical period is largely driven by factors such as the increase in urbanization, soaring emphasis on addressing climate change and reducing greenhouse gas emissions, rising consciousness about the environment, the commercial sector's escalating interest in net-zero energy buildings, and a growing demand for energy efficiency.
What Is The Forecast For The Net Zero Energy Buildings Market Size?
The net zero energy buildings market is expected to maintain its strong growth trajectory in upcoming years.
• In the near future, substantial escalation is expected to be noticed in the net-zero energy buildings market, as it is predicted to augments to $88.28 billion in 2029, with an impressive compound annual growth rate (CAGR) of 18.5%.
This surge in the estimated period could be linked to heightened focus on sustainability and safeguarding the environment, the emergence of eco-friendly construction practices, increased governmental measures to minimize carbon footprint, extreme temperature and population growth. The projected timeline would be characterized by breakthroughs in energy-saving construction strategies, progress in renewable energy methodologies, advancements in sustainable building approaches, green technology, and the application of cutting-edge architectural design theories.
What Are The Essential Drivers Behind The Growth Of The Net Zero Energy Buildings Market?
The growing demand for renewable energy sources is poised to fuel the expansion of the net-zero energy buildings market. Recyclable energy sources like solar, wind, and hydropower are naturally replenishing over time. The attraction towards these sources stems from social contagion, decentralized energy generation, corporate endeavors, enlightenment on public health, and efforts to mitigate climate change. Net-zero energy buildings reduce energy use to a minimum, thanks to efficient design and construction, which can generate sustainable on-site energy to meet their energy requirements. Such buildings create a standard for energy efficiency and environmental preservation, thus playing a vital part in moving towards a greener future. According to a 2022 report from the Department of Energy, a US government entity, domestic solar energy production is forecasted to swell by 75% from 163 billion kilowatt-hours (kWh) in 2023 to 286 billion kWh in 2025. This indicates that the bourgeoning adoption of renewable energy resources is indeed driving the net-zero energy buildings market.
How Is The Global Net Zero Energy Buildings Market Divided Into Key Segments?
The net-zero energy buildingsmarket covered in this report is segmented –
1) By Equipment: Lighting, Walls And Roofs, Heating, Ventilation, And Air Conditioning (HVAC) Systems, Other Equipment
2) By Service: Software, Consulting And Designing
3) By Construction Phase: New Construction, Renovation Or Retrofit, Hybrid Approach
4) By Technology Integration: Passive Design Strategies, Energy-Efficient Systems, Renewable Energy Sources
5) By End-User: Residential, Non-Residential
Subsegments:
1) By Lighting: LED Lighting, Smart Lighting Systems, Daylighting Systems
2) By Walls And Roofs: Insulated Walls, Green Roofs, Solar Roof Panels
3) By Heating, Ventilation, And Air Conditioning (HVAC) Systems: Energy-Efficient HVAC Units, Heat Pumps, Ventilation Systems With Energy Recovery
4) By Other Equipment: Renewable Energy Systems, Energy Storage Systems, Smart Building Management Systems
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Which Emerging Market Trends Are Altering The Net Zero Energy Buildings Industry?
Major firms engaged in the net-zero energy buildings market are actively pursuing the creation of innovative solutions like open AI-enabled suites for net-zero structures to boost their energy efficiency, simplify property management processes, and cut carbon emissions. These open AI-enabled suites are composed of a range of AI technologies that are used to enhance diverse aspects of building operations with the ultimate aim of achieving net-zero energy use. These systems often employ AI and machine learning to bolster energy efficiency, sustainability, and overall building performance. For example, in June 2022, Siemens AG, a Germany-based automation firm, introduced Building X, a groundbreaking open AI-enabled suite aimed at promoting the construction of net-zero buildings. This suite is a component of the Siemens Xcelerator programme, which is designed to simplify digital transformation across a variety of areas, building management included. Its design is modular and scalable, allowing for hassle-free integration of different building systems, simplifying building management, and supporting the move towards net-zero emissions.
Who Are the Key Players In The Net Zero Energy Buildings Market?
Major companies operating in the net-zero energy buildings market are:
• Hitachi Ltd.
• Siemens AG
• General Electric Company
• Panasonic Corporation
• Schneider Electric SE
• Mitsubishi Electric Corporation
• Honeywell International Inc.
• Deutsche Bank AG
• Daikin Industries Ltd.
• Johnson Controls Inc.
• Carrier Global Corporation
• Trane Technologies PLC
• Skanska AB
• Mahindra Group
• Kingspan Group PLC
• Lendlease Corp
• Rockwool Group
• CannonDesign Inc.
• Integral Group Inc.
• GI Quo Vadis Inc.
What Are The Regional Insights Into The Net Zero Energy Buildings Market?
North America was the largest region in the net-zero energy buildings market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the net-zero energy buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
