Single-Family Housing Green Buildings Global Market To Reach Value Of About $150.95 Billion In 2023
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The global single-family residential green buildings market is expected to decline from $119.63 billion in 2019 and to $116.46 billion in 2020 at a compound annual growth rate (CAGR) of -2.65%. 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 to prevent and control such pandemic diseases in the coming years. The market is expected to recover and reach $150.95 billion in 2023 at a CAGR of 9.03%. Greater consumer interest has contributed to the growth of single-family residential green buildings.
The single-family housing green buildings market consists of construction, sales and maintenance of sustainable (green) single-family residential buildings, and related services for 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 (design, construction, maintenance, operation, renovation and deconstruction).
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The global single-family housing green buildings market is further segmented based on type and geography.
By Type: New Constructions, Remodeling Projects.
By Geography: The global single-family housing green buildings market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, The Northern American single-family housing green buildings market was the largest region in the global single-family housing green buildings market in 2019.
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Trends In The Single-Family Housing Green Buildings Market
Consumers and builders are targeting towards achieving more sustainable homes and are focusing on minimizing carbon footprint by developing self-sustainable homes, termed as Net-Zero Homes. A net-zero home produces its own energy locally and should aim to produce at least as much energy as it consumes.
Single-Family Housing Green Buildings Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides single-family housing green buildings market overviews, analyzes and forecasts market size and growth for the global single-family housing green buildings market, single-family housing green buildings market share, single-family housing green buildings market players, single-family housing green buildings market segments and geographies, single-family housing green buildings market’s leading competitors’ revenues, profiles and market shares. The single-family housing green buildings market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.