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While the zero energy buildings are generally newly constructed buildings, existing buildings can also be refurbished and turned into zero energy buildings.
Market Research Future, in their latest report, has stated that the global zero energy building market is estimated to exhibit a robust CAGR of 10-12% during the forecast period.Several factors are contributing significantly to the growth of the market.
Further, low water demand in landscaping, lower greenhouse gas emissions, and the use of geothermal cooling are also some features of ZEBs that are accelerating the adoption rates for the same.Moreover, zero energy buildings provide the same building performance as conventional buildings, while minimizing the consumption of non-renewable resources and reducing the carbon footprint of the same.
Additionally, stringent regulations for building codes and the ever-increasing need for natural energy conservation are also likely to boost the global zero energy buildings market.Market SegmentationThe global zero energy buildings market is segmented by equipment, application, and region by Market Research Future.
North America was the frontrunner in the zero energy buildings market in 2016 and is projected to witness remarkable growth during the assessment period.
Stringent government policies and massive deployment of zero energy buildings are likely to push the market growth in Europe.Competitive AnalysisThe global zero energy buildings market appears to be dynamic and is likely to witness numerous growth opportunities in the foreseeable future.
