Global Nonresidential Green Buildings Market Segments

16 Jun, 2020

The global nonresidential green buildings market is expected to decline from $85 billion in 2019 to $79 billion in 2020 at a rate of -7.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The criteria for green building constructions are expected to change in preparedness of prevention and control of such pandemic diseases in coming years. The market is expected to recover and reach $103 billion in 2023 at a rate of 9.3%. Increased concerns of global warming resulting in sustainable and ecofriendly activities increased the demand for nonresidential green buildings. However, concern about affordability and the perception that green is for high-end projects is expected to limit the growth of the nonresidential green building market.

The nonresidential green buildings market consists of sales of nonresidential green buildings. Green Buildings, in their design, construction or operation, have minimal or no negative impacts on environment and climate, but rather, have positive impacts by preserving precious natural resources and improving quality of life. This practice creates and uses healthier and more resource-efficient models of construction, renovation, operation, maintenance, and demolition. The market consists of revenue generated by the companies and people involved in the sale of nonresidential green buildings.

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The global nonresidential green buildings market is further segmented based on type and geography.
By Product: Interior Products; Exterior Products
By Application: Office; Education; Hotels and Restaurants; Retail; Institutional/Assembly; Healthcare; Warehouse
By Geography: The global nonresidential green buildings market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American nonresidential green buildings market accounts for the largest share in the global nonresidential green buildings market.

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Trends In The Nonresidential Green Buildings Market
A green roof or living roof is one that is covered with vegetation and soil, or a growing medium, planted over a waterproofing membrane. Green roofs last longer when compared to conventional roofs. They also reduce energy costs with natural insulation, reduce temperature extremes (heat and cold) by absorbing and trapping them, and reduce storm water runoff, filter pollutants and carbon dioxide out of the air, and increase wildlife habitat in built-up areas.

Nonresidential Green Buildings Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides nonresidential green buildings market overviews, analyzes and forecasts nonresidential green buildings market size and growth for the global nonresidential green buildings market, nonresidential green buildings market share, nonresidential green buildings market players, nonresidential green buildings market size, nonresidential green buildings market segments and geographies, nonresidential green buildings market trends, nonresidential green buildings market drivers and nonresidential green buildings market restraints, nonresidential green buildings market’s leading competitors’ revenues, profiles and market shares. The nonresidential green buildings market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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