Energy Efficient Building Market 2016 Trends, Research, Analysis and Review Forecast 2024

Energy Effi cient Building Market - Global
Industry Analysis, Market Size, Share, Growth,
Trends and Forecast 2016 - 2024
Global Energy Efficient Building Market: Overview
Energy efficiency is a measure of how much of the available energy is put to use in
a given project. UN Secretary-General Ban Ki-moon has started the Sustainable
Energy program, with an aim to increase the global rate of improvement in energy
efficiency by 2030. Efficient buildings are important for achieving sustainable
development as they align social, economic and environmental objectives.
However, the scale and pace of ongoing actions around the world is insufficient to
convert buildings into an engine of the sustainable energy and efficient economy.
Government policies can propel the adoption of energy efficiency measures in
buildings.
The energy efficient building market can be segmented on the basis of residential,
commercial and industrial sector. Energy efficiency sector represents more than
USD 30 billion in potential energy savings in the commercial building sector alone.
Building consumes nearly 40 percent of global energy and it has a significant
burden on household and business budgets. Increasing energy productivity through
measures like building efficiency has the capability to decrease the growth of
energy demand in developing countries by more than half by 2020. By 2020, global
energy demand is forecasted to rise by 2.2 % every year and majority of the share
occupied by developing economies. Investments in building efficiency can free up
scarce resources for other purposes.
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Buildings require large quantities of raw materials such as water, energy and
construction materials that compete with various other sectors of the economy for
these scarce resources. The environmental impact can be minimized with energy
efficient buildings that reduce greenhouse gas emissions and are environmentally
sound while selection of the materials and waste management. In addition these
energy efficient buildings contribute to a better indoor and outdoor air quality
leading to healthy environment. Further, efficient buildings can improve the quality
of life of millions of people because they of improved comfort and proper
ventilation. Energy efficiency can stretch existing electricity resources further by
providing better energy access, reliability and security in remote areas.

Sustainable development offers us today and the generations to come the triple
benefits of social equity, environmental protection and economic progress. Building
efficiency is vital for sustainable development as it aligns economic, social and
environmental objectives by increasing energy productivity, greening urbanization,
water and materials efficiency, mitigating greenhouse gas emissions, and improving
the quality of the building. Energy efficient buildings help in achieving sustainable
development goals through the cooperation of industries and governments. By
making policies, prioritizing life-cycle and performance metrics and engaging in
more integrated planning processes, design and construction of buildings can
contribute to national and urban sustainability goals.
Global Energy Efficient Building Market: Drivers and Restraints
The need to focus on the sustainability of the environment exists in both developed
and developing countries. In developed economies, achieving sustainable
development requires renovation of the existing building stock. In developing
economies such as India and China, there is a huge potential to access and
implement best in class building practice today.
Some of the key drivers of the energy efficient buildings market are government
policies, support by industries and design, construction and renovation of the
buildings. However, high operational cost to renovate the buildings can hamper the
growth of the market. Modernization in technologies and government rules and
regulations brings new opportunities in the energy efficient building market.
Global Energy Efficient Building Market: Competitive Dynamics
Some of the key players in the business of energy efficient buildings are Cleantech
Group, Ameresco Inc., Johnson Controls, Knauf Insulation, Serious Energy Inc., KMC
Controls Inc. and Architectural Energy Corporation among others.
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