Global Zero-energy Buildings Market 2017-2021
About Zero-energy Buildings
Zero-energy buildings consume only as much energy as they generate within a year. They are the target for green building construction and modification over the next several years. Green building practices have become common in the global construction industry. The aim is to utilize only as much energy as buildings produce onsite through renewable energy systems. With growing GHG emission levels and increasing energy costs, residential and commercial building owners are taking initiatives to improve the energy efficiency of buildings.
Technavio’s analysts forecast the global zero-energy buildings market to grow at a CAGR of 39.02% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global zero-energy buildings market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Zero-energy Buildings Market 2017-2021
Technavio recognizes the following companies as the key players in the global zero-energy buildings market: Daikin Industries, GE, Honeywell International, Schneider Electric, and Siemens.
Other Prominent Vendors in the market are: altPOWER, Altura Associates, Canadian Solar, Centrosolar America, Danfoss, ertex solartechnik, First Solar, Hanergy Holding Group, Heliatek, Johnson Controls, Masdar, Meritage Homes, SunPower, SHARP, Trane, Trina Solar, Wuxi Suntech, View, Yingli Solar, and Zero Energy Systems.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is net-zero buildings in India. In 2016, the World Green Building Council (WGBC) announced its plan of advancing the Net Zero initiative, which aims at achieving 100% net-zero buildings by 2050. The pilot sites chosen by WGBC for developing net zero certifications for existing and new buildings are Australia, Brazil, Canada, Germany, India, the Netherlands, South Africa, and Sweden.”
According to the report, one driver in the market is growing use of sustainable energy. Fossils fuels are gradually losing preference as a source of primary energy, owing to their limited supply and their detrimental impact on the environment. The demand for energy will be unmet because of the lack of fossil fuels. The amount of fossil fuel present is uncertain. However, the amount of proven reserves can be determined. Proven reserves are the quantity of fossil fuels that are available for extraction. Fossil fuel resources are finite, allowing human societies to sustain for approximately another two centuries.
Further, the report states that one challenge in the market is absence of BIPV-specific standards and regulations. As BIPV modules serve dual functions, they should follow codes and standards of two separate industries, i.e., the PV industry and the construction industry. Currently, all PV modules must abide by the design and qualification standards devised by the Underwriters Laboratory and the International Electro-Technical Commission. In addition, BIPV needs to meet other criteria as a structural component, which can act as a market inhibitor. For instance, pervasive International Building Codes of the International Code Council has been adopted and implemented by all 50 states in the US.
Daikin Industries, GE, Honeywell International, Schneider Electric, Siemens, altPOWER, Altura Associates, Canadian Solar, Centrosolar America, Danfoss, ertex solartechnik, First Solar, Hanergy Holding Group, Heliatek, Johnson Controls, Masdar, Meritage Homes, SunPower, SHARP, Trane, Trina Solar, Wuxi Suntech, View, Yingli Solar, and Zero Energy Systems.