The global multifamily housing green buildings market size is expected to grow from $97.17 billion in 2021 to $116.63 billion in 2022 at a compound annual growth rate (CAGR) of 20%. The growth in the multi-family residential green buildings market is mainly due to the companies rearranging their operations and 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 $241.18 billion in 2026 at a CAGR of 19.9%.
What is the Global Multifamily Housing Green Buildings Market?
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.
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What drives the Global Multifamily Housing Green Buildings Market?
Consumers and builders are targeting 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.
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Global Multifamily Housing Green Buildings Market Segments
The global multifamily housing green buildings market is segmented:
By Type: New Construction, Remodeling
By Geography: The regions covered in the multifamily housing green buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest share in the global multifamily housing green buildings market.
Multifamily Housing Green Buildings Global Market Report 2022provides market size and growth forecasts for the global multifamily housing green buildings market, global multifamily housing green buildings market share, multifamily housing green buildings market segments and geographies, multifamily housing green buildings market competitive landscape including 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.
Global Multifamily Housing Green Buildings Industry Playersinclude Turner Construction Co., Clark group, AECOM, Swinerton, Hensel Phelps, Skansa, Lendlease, Holder Construction, Webcor, and Walsh group. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
