Energy-Efficient Building market report provides actionable intelligence on factors that have been driving demand; key trends that are impacting the market; challenges that affect the market dynamics along with the market size, a SWOT analysis of the key vendors, and various segments. Industry experts project Energy-Efficient Building market to grow at a CAGR of 9.6% during the period 2016-2020.
Energy-efficient Buildings The global energy-efficient building market is expected to see steady growth during the forecast period. This is primarily attributed to the need for energy management, increase in technological advancements, and increase in the number of green buildings. Energy-efficient products and services provide significant benefits to a broad range of end-users, such as residential, IT parks, hotels, restaurants, manufacturing plants, government institutions, and retail outlets. The use of energy-efficient building products not only increases energy efficiency but, with the help of sensors, can also detect movement in and around the premises and inform or update consumers about any activity. Such measures address the rising safety and security concerns. Globally, there has been an increase in the number of shipments of sensors and it is expected to grow during the forecast period.
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Energy-Efficient Building Market Drivers, Challenges and Trends: –
Market Driver: – One of the key drivers will be the need to enhance energy efficiency in existing buildings. The purpose of having green buildings is to ensure a sustainable energy resource for efficient operations. These energy-efficient buildings utilize renewable and recyclable energy and also focus on conserving the energy wherever possible. The gap between green and non-green buildings can be filled up by improving the efficiencies of the existing non-green buildings by a process called retrofitting. It essentially involves insulating the buildings and installing energy efficient fixtures. LEED EBOM, in the US, specializes on improving the energy efficiency of the existing buildings.
Market Challenge: – One of the challenges for the market will be low consumer awareness about energy-efficient buildings. Low consumer awareness regarding energy-efficient buildings is a major deterrent to the potential growth of the market. End-users are unaware of the benefits that green buildings offer. In quite a few cases, end-users are required to perform complicated calculations to understand the financial benefits of the energy-efficient project. The attention of consumers is yet to be drawn toward the importance and benefits of energy-efficient buildings. Until the time its value is realized, it continues to be an obstacle to the market growth.
Market trend: – Rising energy prices will be a key trend for market growth. Constant depletion of energy from natural resources without replenishment and a simultaneous increase in energy demand from various residential and commercial operations have resulted in a marked increase in energy cost over the years. For example, in the US, average electricity price for retail and residential sectors notched up a 2.3% annual growth rate from 2008-2015. This has led to the growing demand for energy-efficient buildings worldwide. The focus has shifted from energy generation to energy conservation. The aim of designing these buildings is to improve the operational efficiency and slash overall energy costs. Moreover, they are also designed to help in the conservation of fossil fuels, thereby reducing the overall impact on the environment
Market segmentation by application:- energy-efficient building by application, energy-efficient building market by application 2015-2020, energy-efficient building market by products, energy-efficient building market by services ; Geographic Segmentation: – Americas, APAC, EMEA
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To determine the Energy-Efficient Building market size the report considers the products and services offered in the global energy-efficient building market. The products segment includes HVAC, lighting technologies, controls, BEMS and HEMS. The report covers the market landscape and its growth prospects over the coming years. Report contains vendor landscape in addition to a SWOT analysis of the key vendors operating in Energy-Efficient Building market space like Honeywell, Johnson Controls, Schneider Electric, Siemens, ABB and many more.
Some key points of Energy-Efficient Building Market research report: –
What is status of Energy-Efficient Building Market? This Overview Includes Analysis of Market trends, Prospect, Growth trend, Key buying criteria, Product offerings, Key takeaways. What will the market size be in 2021 and what will the growth rate be?
What Is Energy-Efficient Building Competitive landscape considering Manufacturers, Types, Application; their business segmentation by revenue?
Market Effect Factors Analysis: What Are Drivers, Challenges and their impact? What are the crucial market trends?
Decision framework of Energy-Efficient Building Industry; Consumer Needs or What Change Is Observed in Preference of Customer of Energy-Efficient Building Market
What is Energy-Efficient Building Market forecast Considering Market Size, Sales, Revenue, Growth rate, Price and Trends for Regions, Types and Applications?
This report provides new business dimensions with an eye on growth opportunities and contribution of upcoming market segments.