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Increasing Number of Green Buildings Bodes Well for Global Energy-Efficient Building Market

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Published on : Aug 26, 2016

ALBANY, New York, August 26, 2016: ResearchMoz.us has announced the addition of a new report, titled “Global Energy-Efficient Building Market 2016-2020,” to its database. The report offers key insights into the global energy-efficient building market, along with a comprehensive study of the opportunities, restraints, and trends. It also mentions the vendor landscape, the market share of key vendors, and their key contributions in the vertical. It presents a 360-degree view of the energy-efficient building market by discussing the market trends at the global level as well as across different regions. The report talks about various drivers that can potentially bolster the growth of global energy-efficient building market.

The report provides an overview of the global energy-efficient building market. It talks about the market size, key market highlights, and the market’s growth and revenue projections. As per the report, the global energy-efficient building market is anticipated to expand at a CAGR of 9.6% between 2016 and 2020. The methodology used in carrying out the research and the key assumptions and economic indicators have also been presented in the report.

For a better understanding, the market has been segmented using various criteria. Based on application, the global energy-efficient building market is segmented into products and services. The product segment dominated the market in 2015 with a 71% share in the overall market. The increasing application of lighting technologies, energy management systems, ventilation systems, and controls will help the product segment retain leadership by the end of 2020. By geography, the Americas are likely to lead the global energy-efficient building market owing to the increasing government initiatives in countries such as the US, Brazil, and Canada. The segment will expand at a CAGR of 9% between 2016 and 2020, accounting for 37% of the total market by 2020.

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The authors of the report provide insights through a detailed discussion of the drivers, restraints, and opportunities. The growth of the global energy-efficient building market is marked primarily by the growing number of green buildings. Green buildings ensure the availability of a sustainable energy resource for efficient operations, thereby reducing the overall energy consumption considerably. This is likely to drive the demand for energy-efficient systems. Moreover, technological advancements have led to the large-scale usage of sensors, which addresses security concerns.

Furthermore, rapid depletion of resources, ever-growing demand for power, and the increasing levels of greenhouse emissions have compelled several governments to take measures that promote the deployment of energy-efficient systems in existing buildings, thus fuelling the growth of the global energy-efficient building market. However, the shortage of skilled laborers is hampering the large-scale production of energy efficient systems, thereby disrupting the growth of the global energy-efficient building market. The high initial costs, coupled with low consumer awareness, are also restraining the growth of the market.

The report also presents the competitive landscape of the global energy-efficient building market, which has been calculated using analytical tools such as Porter’s five force analysis. The market has highly intense competition, with large players dominating the market. This makes the establishment of small and medium-sized vendors difficult. Moreover, the report provides in-depth analysis of the key vendors’ profiles and their market offerings. The key players in the global energy-efficient building market are Johnson Controls, Honeywell, Siemens, and Schneider Electric.

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