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Published on : Nov 28, 2019

Buildings sectors account for nearly 40% of the total global consumption of energy per year. According to the findings of Energy Information Agency, it is likely that energy consumption would rise by 1.4% every year through 2035, which implies that the building sector would go on to use 296 quadrillion Btu through 2035. The global renewable energy and energy-efficient technologies in building applications market will expand owing to growing consumption of energy by buildings.

Most of the global energy needs are met by fossil fuels and as buildings consume large amount energy, they end up being a major producer of carbon emissions and greenhouse gases. Addressing the issue of such massive energy consumption by buildings can diminish the total production of green house gases and consumption of fossil fuel.

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The global renewable energy and energy-efficient technologies in building applications market has been segmented on the parameters of technology and region. 
 
Phitat Commercial Lighting, Nippon Sheet Glass, Alternate Energy Technologies, Llc, Bosch Thermotechnik GMBH, Compagnie De Saint-Gobain, and Dupont De Nemours And Company are some of renowned companies that operate in the global renewable energy and energy-efficient technologies in building applications market. 

Increased Pollution from the Building Sector Bolsters Demand in the Market

The global renewable energy and energy-efficient technologies in building applications market derives momentum from present day environmental pollution. With the rise in deterioration of water and soil quality, air pollution, and resource scarcity, people are becoming increasingly aware of the significance of environment-friendly building construction. Utilization of environmental protection equipment and technology is a step forward taken for the protection of environment, which adds impetus to the global renewable energy and energy-efficient technologies in building applications market. Along with the growing interest of people, construction industry is also going with the technical trend of environment-friendly constructions. 

Whilst new buildings are integrating energy efficient technologies, existing buildings account for most of the building stock that will exist in near future. Two synergistic approaches comprise the energy consumption of existing buildings. One approach is to implement energy efficient measures to diminish the demand for energy and to counteract the energy needs of the rest of the buildings through utilization renewable energy systems. These approached present ample scope of growth for the global renewable energy and energy-efficient technologies in building applications market.

Renewable energy resources that are usually utilized comprised biomass, geothermal, wind, and solar. The global energy efficient technologies comprise reasonable layout of building that substantially diminish consumption of energy at the time of construction. Another such technology is daylight lighting technology that diminishes energy consumption of lighting. In case of some commercial buildings, building lightings account for 30% of the total consumption of energy. As compared to artificial lighting, daylight lighting produces healthier environment, thereby raising productivity by 15%. Another energy saving technology is building sun shading during the summer months. This method not only reduces consumption of energy but is pocket-friendly too. All these technologies fuel the growth of global renewable energy and energy-efficient technologies in building applications market

These energy efficient buildings play a favorable role in reduction of energy consumption, save water and land resources, and prevent pollution. In addition to that stringent rules and regulation of various government authorities are also benefitting the global renewable energy and energy-efficient technologies in building applications market

Driven by Strict Government Regulations, North America to Lead the Market 

For the purpose of analysis, the global renewable energy and energy-efficient technologies in building applications market is split in the major regions of North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.

From the regional point of view, North America is likely to hold on to a large share of the global renewable energy and energy-efficient technologies in building applications market. Stringent regulations by related to energy conservation are likely to drive the market in North America. Programs like Energy Star by U .S. Department of Energy and U.S. Environmental Protection Agency exist to promote energy saving building constructions in the U.S.