Global Nonresidential Green Buildings Market Report 2020 - Opportunities And Strategies, Market Forecast And Trends
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The global nonresidential green buildings market reached a value of nearly $784,886.6 million in 2019, having increased at a compound annual growth rate (CAGR) of 29.2% since 2015. The market is expected to register slow growth from $784,886.6 million in 2019 to $809,693.8 million in 2020 at a rate of 3.2%. The slow growth is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 12.4% from 2021 and reach $1,134,365.4 million in 2023. The global nonresidential green buildings market is expected to reach $1,397,512.8 million in 2025, and $2,304,498.2 million in 2030. Increased need for sustainable and eco-friendly solutions contributed to the growth of the Nonresidential green building market.
The nonresidential green buildings market consists of sales of nonresidential green buildings. Green Buildings, in its design, construction or operation, have minimal or no negative impacts on environment and climate but have positive impacts by preserving precious natural resources and improve our 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 by the sale of Nonresidential Green Buildings.
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The global nonresidential green buildings market is further segmented based on product, application 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 was the largest region in the global nonresidential green buildings market 2019.
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Trends In The Nonresidential Green Buildings Market
Living roofs or green roofs is increasingly being implemented in green buildings. A green roof is a roof of a building 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, reduces the temperatures (heat and cold) by absorbing and trapping them, and reduces storm water runoff, filters pollutants and carbon dioxide out of the air and increase wildlife habitat in built-up areas. It is believed that to reduce the ambient temperature of the city by 2%, then 8% of roofing in the city must be greener.
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 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 segments and geographies, 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.