Multifamily Housing Green Buildings Global Market To Reach Value Of Over $55 Billion By 2025

17 Nov, 2021

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 life-cycle from siting to design, construction, operation, maintenance, renovation, and deconstruction.

Global Multifamily Housing Green Buildings Market Size And Drivers:

The global multifamily housing green buildings market is expected grow from $40.93 billion in 2020 to $42.71 billion in 2021 at a compound annual growth rate (CAGR) of 4.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The multi-family residential green buildings market is expected to reach $55.54 billion in 2025 at a CAGR of 7%. 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.

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Trends In The Global Multifamily 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. Net zero home stock is projected to rise from 57,800 homes in 2019 to 534,500 homes in 2028. Around 36% of multi-family home builders are building their homes green, 80% of them are dedicated green home builders with more than 90% of their projects green. The green builders are expected to grow to 47% by 2022 and are investing more in this segment. These statistics show us an increasing trend of net-zero homes in the residential construction market.

Global Multifamily Housing Green Buildings Market Segments:
The global multifamily housing green building market is further segmented –
By Type: New Construction, Remodeling
By Geography: The global green multifamily housing market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Multifamily Housing Green Buildings Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides multifamily housing green buildings market overviews, analyzes and forecasts market size and growth for the global multifamily housing green buildings market, multifamily housing green buildings market share, multifamily housing green buildings market players, multifamily housing green buildings market segments and geographies, multifamily housing green buildings market’s leading competitors’ revenues, profiles and market shares. The multifamily housing green buildings market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.