Zero Emission Buildings Market Estimates And Forecast, by Application, 2017- 2024

The report “Zero Emission Buildings Market, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Russia, UK, Germany, France, China, India, Japan, Indonesia, Singapore, Hong Kong, South Africa, Brazil), Application Development, Competitive Market Share & Forecast, 2017 – 2024” Global zero emission buildings market size is predicted to witness growth during the forecast period owing to increasing electricity demand coupled with rising concern towards energy conservation.

In 2016, the U.S., buildings consumed 70% of electrical energy generated in the country. Growing need to fulfill electricity supply gap will also positively influence the industry growth.

Strict government regulations to reduce fossil fuel dependency will propel zero emission buildings market share. The U.S. has introduced Energy Independence and Security Act to encourage the deployment of greenhouse gas capture and storage option. Its aim to reduce fossil fuel utilization by 80% in all new and renovated federal buildings by 2020. Introduction of various schemes including financial assistance schemes, tax benefit schemes and subsidies to promote renewable energy adoption may also anticipated to propel industry growth.

Favorable government initiatives to reduce CO2 gas emissions will stimulate zero emission buildings market share. For example, Germany has introduced 2010 energy strategy, with aims to reduce emissions by 85-90 % along with increasing renewable energy supply by 80% by 2050.

High initial infrastructure cost and intermittent availability of wind and solar energy may hamper the zero emission buildings market size.

Based on grid connectivity, zero emission buildings market can be segmented into off grid and grid connected zero emission buildings. Grid connected buildings return excess energy to grid while off grid buildings store the excess energy. Grid connected buildings will witness growth subject to its ability to conserve energy by supplying excess energy to grid.

Based on application, zero emission buildings market can be segmented into commercial, residential and industrial zero emission buildings. The global revenue generated by industrial segment is predicted to witness growth owing to increasing infrastructure spending.

On the basis of energy production technique, zero emission buildings market can be segmented into photovoltaic based and hybrid (photo voltaic-thermal) Zero Emission Buildings. Favorable government initiatives to promote renewable energy utilization will positively encourage the industry growth. In the U.S., government is providing 30 percent renewable energy tax credit. This tax credit is applicable to residential sector and covers solar-thermal systems and photovoltaic systems.

Global zero emission buildings market: Competitive Analysis

Key players in zero emission buildings market are Johnson Controls, Integrated environmental Solutions (IES), Solatube, SageGlass, Kingspan, Integral Group, Lendlease and The Rockwool Group, Schneider Electric, Siemens AG, ABB, Honeywell and Pacific Controls.

Major industry players have adopted numerous merger and acquisition strategies to enhance their business growth. On September 2016, Johnson Controls completed its merger with Tyco. Merger will enable Johnson Controls to combine its capability in building efficiency solution with Tyco’s expertise in fire and security solutions.

About Global Market Insights: Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.