Global Fossil Fuel Electricity Market

The green building materials market consists of sales of green building materials by entities (organizations, sole traders, or partnerships) manufacture eco-friendly, durable, and recyclable green building materials. Green building materials are those that are both locally sourced and renewable. Green building materials use less water and are easier to maintain than comparable products, and they improve a building's sustainability and efficiency because they emit less carbon pollution. The main types of green building materials are structural, exterior, interior, and others. The materials, equipment, and elements that make up the walls, roof, foundation, stairs, associated projections, and other external sections and features are referred to as the building exterior. Bamboo, recycled steel and reclaimed wood are some of the green building materials used for exterior purposes. It is used in framing, insulation, roofing, exterior siding, interior finishing, others and is implemented in various sectors such as residential buildings, non-residential buildings. The global green building materials market size is expected to grow from $238.91 billion in 2021 to $276.13 billion in 2022 at a compound annual growth rate (CAGR) of 15.6%. The green building material market is expected to grow to $421.64 billion in 2026 at a CAGR of 11.2%. The increasing demand for green buildings is expected to drive the growth of the green building materials market in the coming years. Green building is the discipline of designing structures and employing procedures from site selection to design, construction, operation, service, remodeling, and deconstruction that are ecologically responsible and resource-efficient. As green building materials are utilized to produce green buildings, the demand for green building materials is also expanding. For instance, according to a 2019 survey conducted by World Green Building Trends SmartMarket Study, nearly half of all respondents intend to construct more than 60% of their buildings as green buildings by 2021. Green building is gaining popularity among building owners, with 57% aiming to make the bulk of their constructions green in 2021. The introduction to environment-friendly products is gaining significant popularity in the green building materials market. Major participants in the green building materials industry are concentrating on launching new product lines that minimize the global warming potential (GWP) without compromising product quality. For instance, in August 2021, Owens Corning, a US-based building and industrial materials company introduced a new product line FOAMULAR NGX (Next Generation Extruded) in the USA and Canada. This innovative range of extruded polystyrene (XPS) foam products in the new product line uses a patented blowing agent that reduces the global warming potential by 90% without affecting product quality. FOAMULAR NGX's environmental benefits will be documented in a new Environmental Product Declaration (EPD), which will provide independent and verified proof of the material's environmental impact over its full life cycle. In December 2021, Armstrong World Industries, a US-based designer and manufacturer of walls and ceilings company acquired Arktura for an undisclosed amount. Through this acquisition, Armstrong World Industries further strengthens its robust portfolio of architectural specialty solutions, as well as its design capabilities across its entire enterprise. Arktura is a US-based manufacturer of architectural systems and custom solutions with a strong emphasis on green practices and sustainability. Major players in the green building material market are CertainTeed Corporation, Amvic Building Systems, Forbo International SA, Homasote Company, Interface Inc., Bauder Ltd., Binderholz GmbH, Kingspan Group plc, LG Hausys Ltd., and Owens Corning. North America was the largest region in the green building materials market in 2021. Asia Pacific was expected to be the fastest region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the green building market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global green building materials market is segmented - 1) By Type: Structural, Exterior, Interior, Others 2) By Application: Framing, Insulation, Roofing, Exterior Siding, Interior Finishing, Others 3) By End-Use: Residential Buildings, Non-Residential Buildings

3D Printing Building Construction Market Definition

The 3D printing building construction market consists of the sales revenue earned by entities (organizations, sole traders, and partnerships) that construct buildings through 3D printers and offer related services. Establishments that use 3D printing to create construction components and print entire buildings are included in this market. The 3D printing building construction market includes new work, additions, alterations, maintenance, and repairs.

The single-family modular and prefabricated housing construction market consists of sales of single-family modular and prefabricated houses and related services that are used in residential, commercial, and industrial sectors. Modular construction is a method in which, through managed plant circumstances, a building is developed off-site using the same resources and constructing the same codes and specifications as conventionally designed structures but in about half the time. All modular buildings are prefabricated, but all prefabricated buildings might or might not be modular. The main types of single-family modular and prefabricated housing construction are permanent and relocatable houses. A partially or fully assembled building that is created at a building manufacturing facility employing a modular construction technique and meets applicable codes or state standards is referred to as relocatable home construction. Relocatable buildings are intended to be reused or repurposed several times before being transferred to new construction locations. The different materials include steel, wood, concrete, others and are used in residential, commercial, industrial applications. The global single-family modular and prefabricated housing construction market is expected to grow from $40.74 billion in 2021 to $42.64 billion in 2022 at a compound annual growth rate (CAGR) of 4.7%. The growth in the single-family modular and prefabricated housing construction 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 single-family modular and prefabricated housing construction market is expected to reach $51.23 billion in 2026 at a CAGR of 4.7%. The significant focus on cost savings is a key factor driving the growth of the single-family modular and prefabricated housing construction market. Modular design can minimize project deadlines by as much as 50% as well as costs by 20%. They lead to increased productivity, lower employment expenses associated with purchasing units along a production line. According to a report on modular construction, in Europe and the US, the modular market value in new real-estate construction is expected to reach $130 billion by 2030 delivering an annual cost saving of $20 billion. Therefore, the significant cost saving is expected to drive the growth of the single-family modular and prefabricated housing construction market. The risks associated with transportation is a key factor impacting the growth of the single-family modular and prefabricated housing construction market. As modules are prefabricated in a factory away from the worksite, they must either be transported specifically to the construction site or assembled in a surrounding venue and then set up. The transporters and operators must be extremely cautious with each module, if one fails during transportation the entire module may require major repairs or replacements. So, it is necessary for transport and rigging businesses to make a serious effort to trace the routes and plan the mechanics to transfer the modules along their path. For instance, a construction project in Philadelphia had modular arrived, positioned, and set relatively smoothly but interior drywall was cracked due to the raising of the modules. Implementation of Building Information Modeling (BIM) in modular construction is an emerging trend in the single-family modular and prefabricated housing construction market. Building Information Modeling is a revolutionary technique for designing, building, and managing construction models. This 3D model-based technology provides a digital representation of a building's physical and functional qualities. The technology enables all parties engaged in the built asset's creation and lifespan management to share data and collaborate. During the pre-construction phase, BIM provides specialists with a 3D picture of the structure. It allows specialists to detect potential incompatibilities in mechanical, electrical, and plumbing (MEP) systems and address them at an early stage. For instance, in October 2021, AGACAD, a Lithuania based software company launched Panel Packer based on 3D technology. In Autodesk Revit, Panel Packer is a sophisticated tool for organising the sorting, packing, and loading of prefabricated construction components. In January 2020, GS Engineering & Construction (E&C), a South Korea based construction company acquired Danwood S.A., from Enterprise Investors for a deal amount of $155 million. Through this acquisition, GS E&S planned to enter the European modular housing market by utilizing the strengthen, networks, and technology of Danwood. Danwood S.A. is a Poland based company that specialises in the construction of timber frame houses. Major players in the single-family modular and prefabricated housing construction market are Red Sea Housing Services, Skanska AB, Bouygues Construction, ACS Actividades de Construcción y Servicios SA, Lindal Cedar Homes Inc., Kiewit Corporation, Balfour Beatty Plc., Taisei Corporation, System House R & C Co. Ltd., Larsen & Toubro Limited. Asia Pacific is the largest region in the single-family modular and prefabricated housing construction market in 2021. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the single-family modular and prefabricated housing construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the single-family modular and prefabricated housing construction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global single-family modular and prefabricated housing construction market is segmented - 1) By Type: Permanent, Re-Locatable 2) By Material: Steel, Wood, Concrete, Others 3) By Application: Residential, Commercial, Industrial

The non-residential green buildings market consists of sales of non-residential green buildings. Green Buildings, in their 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 the 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 non-residential green buildings. The main product types of non-residential green buildings are interior products and exterior products. Interior products are low-impact natural materials, including natural clay plaster, natural fiber flooring, paperless drywall, and low VOC content paints and coatings, that replace synthetic materials in the interior finishes of green buildings. The major components include roofing, insulation, framing, exterior siding, interior finishing, others and are used in office, education, hotels and restaurants, retail, institutional/ assembly, healthcare, and warehouse. The global non-residential green buildings market is expected to grow from $859.52 billion in 2021 to $951.77 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The growth in the non-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 non-residential green buildings market is expected to reach $1354.59 billion in 2026 at a CAGR of 9.2%. Increased need for sustainable and eco-friendly solutions contributed to the growth of the non-residential green building market. According to the USGBC (U.S. Green Building Council) report, green buildings can reduce carbon emission by 34% and consume 25% less energy than the conventional buildings. For instance, in India, by the end of 2019, there were more than 5,723 green building projects registered and most of the projects are commercial spaces. It has now become essential for commercial construction companies to give priority to sustainable design and construction techniques to utilize our planets finite resources in a sensible way. Encouraging sustainable business practices is an important reason for building green in most countries for conservation of energy and protecting natural resources. Moreover, increased concerns of global warming resulted in sustainable and eco-friendly activities increased the demand for Non-residential green building market. Concern about affordability and perception that green is for a high-end projects is expected to limit the growth of the non-residential green building market. Green is associated with high end projects is a growing perception worldwide. According to North American Dodge Data & Analytics green building trends report, nearly 37% in US and 36% in Canada perceived those green buildings are not affordable and are only meant for high end projects and 1/3 of respondents in Germany perceived accordingly. Similarly, around 41% of UAE, 32% of Southeast Asians and 37% of South Africans reported it as an obstacle and acting as one of the major challenges. Decreasing affordability due to increased perception that green is for a high end project is limiting the growth of the 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, reduce the temperatures (heat and cold) by absorbing and trapping them, and reduce 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. In the USA, around 25 cities have some sort of program to encourage green roofs and in Portland, Ore, it is mandatory to have vegetation cover 100% of the roofs on buildings in the central city over 20,000 square feet (with some exceptions). Therefore, green roof is an emerging trend in nonresidential green building market. Major players in the non-residential green buildings market are Turner Corp., Clark Construction, AECOM, Swinerton, Hensel Phelps, Skanska, Whiting-Turner Contracting Co., Holder Construction, Webcor, Walsh Group. Asia Pacific is the largest region in the nonresidential green buildings market in 2021. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the non-residential green buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the nonresidential green buildings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global nonresidential green buildings market is segmented - 1) By Product: Interior Products, Exterior Products 2) By Application: Office, Education, Hotels and Restraurants, Retail, Institutional/ Assembly, Healthcare, Warehouse 3) By Component: Roofing, Insulation, Framing, Exterior Siding, Interior Finishing, Others

Single-Family Smart Homes Market Definition

The single-family smart homes market consists of the revenues earned by entities (organizations, sole traders and partnerships) that construct single-family smart homes. The single-family smart homes industry includes the development, construction, and sale of single-family smart homes. It includes new construction work, additions, alterations, maintenance, and repairs. Smart homes are futuristic buildings which are equipped with advanced electronics and wireless devices, and can be controlled remotely from anywhere with an internet connection using networked devices such as mobiles. Smart home systems and devices operate together by sharing home residents’ usage data and automating actions based on homeowners’ preferences. Smart home appliances include smart entertainment, smart lighting, home security and smart appliances, which are controlled by sensors, timers, switches and remote controllers.