Published on : Jun 29, 2017
Albany, New York, June 29, 2017: To curb the rising global warming, it is important for industries to adopt sustainable energy. Against this backdrop the world witnessed a surge in the uptake of the green technology in the last few years. ResearchMoz.us has announced adding a report, titled “ Global Green Technology Market in Construction Industry 2017-2021,” covering the various factors the construction industry in particular into adopting green technologies. The report compiles exhaustive information on various growth drivers and key restraints. The leading companies offering green technology to the construction industry are highlighted, besides which the report also segments the market based on various parameters for the purpose of the study.
The report predicts the global green technology market in the construction industry to exhibit a CAGR of 9.26% between 2017 and 2021. Green technology encourages the creation and uptake of innovations intended at minimizing disturbances in natural resources. The adoption of the technology is therefore driven by a set of goals in the construction industry. These goals are mostly focused on the creation of sustainable technology solutions to reduce environmental depletion. With this, the industries are also focusing on developing products that can be reused for creating energy. Consequently, the technology is significantly contributing toward creating a cleaner environment. This will in turn enable nations address diverse challenges related to climate change, resource depletion, and pollution.
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Based on end user, the global green technology market is bifurcated into residential and non-residential segments. Of these, the residential segment held dominance in the global green technology market in 2016. In terms of product, among HVAC products and water solutions, the former held the leading share in 2016. The rising use of HVAC products in the commercial sector is aiding the segments growth.
Regionally, the global green technology market can be segmented into the Americas, EMEA, and APAC. Among these regions, EMEA commanded over the major share in the global market in 2016. Through the course of the forecast period, the construction industry in EMEA is expected to showcase the highest demand for the green technology. Besides strong government initiatives supporting the market’s growth, the rising inclination of the construction industry toward eco-friendly products will seal EMEA’s dominance in the global market.
Considering the wide scope the market offers, the competitive landscape in the global green technology market is rendered highly fragmented. The market exhibits the presence of both established international players and strong regional vendors. While key players have continued competing against one another in terms of introducing latest advancements, persistent technology upgrades by regional players pose considerable threat to their value share as well. Besides technological advancements, the market players are also looking to cash in on introducing and diversifying products.
To enable stakeholders gain a clear understanding regarding the vendor landscape and prevailing competition, the report profiles some of the most prominent companies operating in the global green technology market. These include Eco-$mart, Inc, Trina Solar Limited, Vivint Solar, Inc., JA Solar Holdings, Trane Inc, ALAN Manufacturing Inc, Aqualogic Inc, Solar Spectrum, and RUUD.
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