The world is continuing to embrace the concept of going greener and zero net energy commercial buildings are growing in popularity. According to the results of a new report released by BCC Research, the global market for zero net energy (ZNE) commercial buildings will increase to close to $240 million by the year 2018.
Worldwide, the market for ZNE commercial buildings, which are buildings that consume energy at a rate equal to or less than the energy generated by the property each year, is being influenced by an increase in construction, government regulations and concerns for the environment.
These factors are expected to result in a 50.6 per cent five-year compound annual growth rate in the international ZNE building market.
The Asia-Pacific region is leading the international market for ZNE building, with China driving much of the activity.
The country is paying very close attention to the importance of reducing energy even as it is experiencing a surge in construction activity. The region’s portion of the ZNE building market is expected to exceed $117 million by the year 2018.
EMEA countries are in second position as the fastest-growing region in the ZNE-building sector.
Led by Europe, this market is expected to hit the $75 million mark within three years. In the United States, the ZNE building market is expected to push up to $47.6 million by the same point.
In Europe, there are regulatory requirements in almost every country, while the United States is lagging behind in this area with only a few companies adhering to this building method.
The ZNE building market is still in the early stages, with energy efficiency and making the most of dwindling energy resources in the face of government regulations being incorporated into modern architectural design goals.
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