Global Multi-Family Housing Green Buildings Market To Reach Almost $54 Billion By 2023

The global multi-family residential green buildings market is expected to decline from $47.5 billion in 2019 and to $45.01 billion in 2020 at a compound annual growth rate (CAGR) of -5.2%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $53.8 billion in 2023 at a CAGR of 6.1%. Customer awareness on factors such as environmental impacts, sustainability, and long-term cost savings is driving the growth of the multi-family residential green building market. However, higher initial costs hinder the buyer and the supplier to invest more in multi-family residential green buildings.

The multi-family residential green buildings market consists of sales of multi-family residential green buildings and related services for occupation or rentals by households. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact, throughout a building’s lifecycle from siting to design, construction, operation, maintenance, renovation, and deconstruction.

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The global multi-family housing green buildings market is further segmented based on type and geography.
By Type: New Constructions, Remodeling Projects.
By Geography: The global multi-family housing green buildings market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Trends In The Multi-Family Housing Green Buildings Market
Consumers and builders are targeting towards achieving more sustainable homes with a focus on minimizing carbon footprint by promoting self-sustainable homes, termed as net-zero homes. A Net Zero Home produces energy through various domestic renewable energy technologies such as solar panels, micro wind turbines, sinkholes, compost gas for its requirements. It aims to produce at least as much energy as it consumes.
Multi-Family Housing Green Buildings Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides multi-family housing green buildings market overviews, analyzes and forecasts multi-family housing green buildings market size and growth for the global multi-family housing green buildings market, multi-family housing green buildings market share, multi-family housing green buildings market players, multi-family housing green buildings market size, multi-family housing green buildings market segments and geographies, multi-family housing green buildings market trends, multi-family housing green buildings market drivers and multi-family housing green buildings market restraints, multi-family housing green buildings market’s leading competitors’ revenues, profiles and market shares. The multi-family housing green buildings market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.