Ventilation Systems is Expected to Dominate the Global Commercial Energy-Efficient Building Market
Government Regulations and Incentives, and Energy
Cost Savings will drive the market in the forecast period.
According
to TechSci Research report, “Global Commercial Energy-Efficient Building
Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”. The
Global Commercial Energy-Efficient Building is anticipated to project robust
growth in the forecast period with a CAGR of 5.30% through 2028. Commercial
Energy-Efficient Buildings, new or refurbished, can be defined as buildings
designed to significantly reduce heating and cooling energy requirements, no
matter what energy and equipment are selected for heating or cooling.
Energy-saving building design involves constructing or upgrading buildings that
can fully use the power provided to them by taking measures to reduce energy
loss, like lowering the heat loss of the building envelope.
Due
to various factors such as the increase in the number of green buildings, the
increased demand for proper energy management of buildings, and the adoption of
intelligent buildings and sustainable solutions, the global market for Commercial
Energy-Efficient Buildings is expected to grow steadily. Governments around the
world are promoting energy efficiency and resource conservation, which has
further promoted market growth. The increasing focus on energy efficiency by government
authorities worldwide has led to a great demand for Commercial Energy-Efficient
Buildings. With the increase in the number of initiatives taken by
infrastructure and development organizations in recent years, the penetration
rate of Commercial Energy-Efficient Buildings is increasing rapidly. These
forces building manufacturers and developers to pay more attention to green
building projects.
Energy-efficient
buildings are designed to minimize energy consumption and optimize resource
utilization throughout their lifecycle. They employ various strategies and
technologies to reduce energy demand for heating, cooling, lighting, and other
building operations. These strategies include efficient insulation,
high-performance windows, energy-efficient HVAC (heating,
ventilation, and air conditioning) systems, smart controls, renewable energy
integration, and advanced building automation systems. The market for
energy-efficient buildings is expanding because of rising environmental
concerns and the demand for sustainable solutions. Governments, regulatory
agencies, and international organizations have put laws and rules in place to
encourage energy efficiency because they understand how important it is to
lower energy use in buildings. These measures include building codes, energy
efficiency standards, and certifications like LEED and ENERGY STAR, which have
become widely adopted benchmarks for sustainable building design and operation.
Other significant driver is the potential for cost savings. Energy-efficient
buildings offer substantial financial benefits over their lifespan. By reducing
energy consumption, building owners and occupants can save on utility bills and
operational costs.
Browse
over xx market data Figures spread through xx Pages and an in-depth TOC on " Global Commercial
Energy-Efficient Building Market.”
The
North America Commercial Energy-Efficient Building Market dominated this market
in 2022 (45.80%). The U.S. has implemented rigorous building energy codes at
both federal and state levels, encouraging the adoption of energy-efficient
practices and technologies. Further, the U.S. Commercial Energy-Efficient
Building market held the largest market share, and the Canada Armor Materials
market was the fastest growing market in the North America region. Further, the
major countries studied in the market report are The U.S., Canada, German,
France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and
Brazil. Europe Commercial Energy-Efficient Building market accounts for the
second-largest market share. European Union member states have established
ambitious targets for energy efficiency and renewable energy adoption, driving
the demand for Commercial Energy-Efficient Buildings. Further, the German Commercial
Energy-Efficient Building market held the largest market share, and the UK Commercial
Energy-Efficient Building market was the fastest growing market in the European
regionThe Asia-Pacific Commercial Energy-Efficient Building Market is expected
to grow at the fastest CAGR from 2023 to 2032. The region's booming population
and urbanization have increased the demand for new construction, providing
opportunities to incorporate energy-efficient design and technologies.
Moreover, China’s Commercial Energy-Efficient Building market held the largest
market share, and the Indian Commercial Energy-Efficient Building market was the
fastest growing market in the Asia-Pacific region.
Siemens
Spain and Telefónica have signed a cooperation agreement that will enable the
two companies to come up with a common value proposition, which includes
solutions to improve physical security, monitoring and operation, energy
efficiency, and user experience and service digitization, in which connectivity
plays a leading role. It will be used in smart buildings in a single package in
2021.
Key
market players in the Global Commercial Energy-Efficient Building Market are following:
-
- Cleantech
Group
- Johnson
Controls
- Ameresco
Inc.
- Serious
Energy Inc.
- Knauf
Insulation
- Architectural
Energy Corporation
- KMC
Controls Inc.
- Among
others.
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“The
North American region is expected to record the highest growth rate in the
market. They can be attributed to the area witnessing the emergence of the
latest intelligent building solutions using new technologies such as the
Internet of Things, big data, cloud computing, data analytics, deep learning,
and artificial intelligence. Save energy, reduce operating expenses, improve
occupancy comfort, and meet increasingly stringent global regulations and
sustainability standards. Additionally, due to organizations' rapid adoption of
emerging technologies in the region, North America is the most technologically
advanced region globally. In addition, the United States and Canada are major
countries that have contributed to the region's technological development” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Commercial Energy-Efficient Building Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By
Component Type (Ventilation Systems, Lighting Technologies, Energy Management
Systems, and Controls, By Region, Competition 2018-2028 has evaluated the future growth
potential of Global Commercial Energy-Efficient Building Market and provides
statistics and information on market structure, size, share, and future growth.
The report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities present in the Global Commercial Energy-Efficient
Building Market.
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