Zero Energy Building Market – Market Overview
To reduce energy costs and minimize the carbon footprint of buildings, government and builders focusing on pursuing Zero Energy Building (ZEB) solutions which is also called net zero energy buildings. The zero energy building concept is getting popular with an increase in number of initiatives taken by infrastructure and development organizations these days. These buildings can influence various environmental, economic, and social factors, as global warming becomes a pressing issue, green or Zero Energy Building is becoming increasingly relevant, with its importance continuing to grow. Greater publicity for green buildings leads to more pressure on companies to specify green design for their next building project. Some of the leading drivers of this growth are customer demand, environmental regulation and an enhanced awareness of the occupant and tenant benefits of green buildings.
The governments have taken a leading role in promoting energy efficiency, resource conservation and the growth of Zero Energy Building technologies and products industry through environmental measures. Governments have consistently been ramping up their green building efforts. Between efforts to optimize the way energy is used in its buildings, vehicles and elsewhere, as well as in seeking to broaden the number of alternative energy sources.
Threat of new entrants in the Zero Energy Building Market is high. These building companies trying to enter the market are required to meet with high capital requirement to set up operations and procure raw materials. There are two types of companies who participate i.e. building product manufacturers and installer. Both these kinds of new players are exposed to the challenges of the industry such as unavailability of skilled manpower, and other raw materials.
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There is little threat of substitution for the site-based infrastructure construction activities such as prefabrication of buildings or other factory based building techniques. The prefabricated construction does not have any close substitute, given the duration of construction and the aesthetic requirements in construction. Moreover, the price differentiation in the products and solutions offered by different suppliers is very low, which further relaxes the market for substitutes. Thus, the threat of substitutes in the market, is low.
Accrediting the colossal growth the Zero Energy Building Market is witnessing currently and the potential the market is demonstrating to accrue pervasively further in the years to come; the Market Research Future has recently published a meticulous study report giving out the complete market insight up till 2023. This report on Global Zero Energy Building Market is a quantitative and qualitative analysis of the factors that are expected to influence the demand over the course of next few years. The report also highlights some of the trends of the market that may help the buyers plot their strategic expansion plans on in order to tap new available opportunities. According to research, continuing with the trends the Global Zero Energy Building Market is projected to perceive an outstanding growth by 2023 registering a striking CAGR during the anticipated period (2017 – 2023).
Zero Energy Building Market – Competitive Analysis
Zero Energy Building Market appears to be highly fragmented and competitive owning to the presence of numerous large and small players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.
December 13, 2017: AGC Asahi Glass (AGC), a world-leading manufacturer of glass, chemicals and high-tech materials, announces that it has started the construction of a net zero-energy building (ZEB*1) at its Kashima Plant.
Zero Energy Building Market – Regional Analysis
The Global Zero Energy Building Market is segmented into Americas, Europe, Asia Pacific, and Middle East & Africa. These buildings are more sustainable than conventional buildings by using fewer building materials, conserving energy and reducing waste. The U.S. and Canada have been recognized as leaders in the green movement, with social and political campaigns that look for the improvement and use of renewable energy and other techniques to ensure the minimum environmental damage possible. Many cities in the US and Canada are seizing the opportunity to channel resourcefulness and creativity into making buildings more sustainable. In North America, cities such as New York; Portland, Oregon; and Toronto are building or planning to build green districts.
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