Global Nonresidential Green Buildings Market Trends And Strategies Of Major Players In The Nonresidential Green Buildings Market 2021-2030
5 Jan, 2021
The nonresidential green buildings market consists of sales of nonresidential green buildings by entities which are involved in the construction of green buildings.
Global Nonresidential Green Buildings Market Size And Drivers:
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. Economic growth and a rapidly growing urban population is expected to increase the demand for new nonresidential green buildings during the forecast period.
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Trends In The Global Nonresidential Green Buildings Market
Biomimicry is the concept of copying designs and innovations found in nature. For instance, the East gate Centre in Harare, Zimbabwe is a shopping center that has mimicked strategies used by termites in termite mounds for temperature control. The termites keep temperatures constant within their large vertical mounds by constantly opening and closing a series of heating and cooling vents throughout the mound over the course of the day. The complex also consists of two buildings side by side that are separated by an open space that is covered by glass and open to local breezes.
Global Nonresidential Green Buildings Market Segments:
The global nonresidential green buildings market is further segmented based on product, application and geography.
By Product: Exterior Products, Interior Products.
By Application: Retail And Other Commercial Buildings, Office Buildings, Healthcare Buildings, Education Buildings, Hospitality And Restaurant Buildings, Factory Buildings.
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 of 50.3% in the global nonresidential green buildings market 2019.
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Nonresidential Green Buildings Global Market Report 2021 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.