Energy-Efficient Building Market [2028] – Forecast & Projected Growth

By | November 1, 2023
Global Energy-Efficient Building Market stood at USD 122.7 Billion in 2022 & will further grow with CAGR of  6.98 % through 2028. Download Sample.

Global Energy-Efficient Building Market has valued at USD 122.7 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of  6.98 % through 2028. Energy-efficient buildings use significantly less energy for heating, cooling, lighting, and other operational needs compared to traditional buildings. This reduction is achieved through a combination of design strategies, advanced materials, and energy-efficient technologies.

These buildings prioritize indoor air quality by incorporating effective ventilation systems, low-emission materials, and air filtration technologies. Improved air quality contributes to occupant health and comfort. The building envelope, including walls, windows, roofs, and insulation, is designed to minimize heat transfer, prevent air leaks, and maintain a stable indoor temperature. This helps reduce the need for heating and cooling. nergy-efficient lighting systems, such as LED (Light Emitting Diode) fixtures, are commonly used to minimize electricity consumption for illumination. Smart lighting controls further enhance energy savings.

Key Market Drivers

Energy-efficient buildings are designed to minimize energy consumption and optimize resource utilization throughout their lifecycle. They employ various strategies and technologies to reduce energy demand for heating, cooling, lighting, and other building operations. These strategies include efficient insulation, high-performance windows, energy-efficient HVAC (heating, ventilation, and air conditioning) systems, smart controls, renewable energy integration, and advanced building automation systems. The market for energy-efficient buildings is expanding as a result of rising environmental concerns and the demand for sustainable solutions. Download FREE Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=16964    Governments, regulatory agencies, and international organizations have put laws and rules in place to encourage energy efficiency because they understand how important it is to lower energy use in buildings. These measures include building codes, energy efficiency standards, and certifications like LEED and ENERGY STAR, which have become widely adopted benchmarks for sustainable building design and operation. Another significant driver is the potential for cost savings. Energy-efficient buildings offer substantial financial benefits over their lifespan.By reducing energy consumption, building owners and occupants can save on utility bills and operational costs. Heating, ventilation, and air conditioning (HVAC) systems in energy-efficient buildings often incorporate advanced technologies like heat pumps, variable-speed fans, and energy recovery systems to optimize temperature control while minimizing energy use. Smart building technologies and automation systems are integrated to optimize energy usage based on factors such as occupancy, weather conditions, and time of day. This ensures efficient operations and comfort. Water-saving fixtures and systems, including low-flow toilets and water-efficient landscaping, are commonly incorporated to reduce water consumption. Energy-efficient buildings often utilize sustainable and eco-friendly construction materials, including recycled content, low-VOC (Volatile Organic Compounds) paints, and environmentally responsible finishes.Government IncentivesAdditionally, government incentives, tax rebates, and grants for energy-efficient upgrades and renovations further incentivize the adoption of energy-efficient practices. Technological advancements have played a crucial role in the growth of the energy-efficient building market. Innovations in building materials, construction techniques, energy-efficient appliances, and smart building systems have made it easier and more cost-effective to design, construct, and retrofit energy-efficient buildings. These advancements have expanded the range of available options and increased the market feasibility of energy-efficient solutions.Demand And Consumer Preferences Have Shifted Towards Energy-Efficient BuildingsFurthermore, market demand and consumer preferences have shifted towards energy-efficient buildings. Homebuyers, tenants, and businesses are increasingly prioritizing sustainability and energy savings when making decisions about where to live, work, and invest. Energy-efficient buildings not only provide environmental benefits but also offer improved indoor air quality, thermal comfort, and daylighting, which can enhance occupant health, well-being, and productivity. Thus, driving the Energy-Efficient Building market revenue. 

Key Market Challenges

High Initial CostsThe high implementation costs of energy-efficient buildings are one of their main drawbacks. Additionally, building supplies are not always accessible. Environmental concerns are by far the biggest drawback of energy-efficient buildings. Although it is less harmful to the environment and emits fewer carbon emissions, it has a modest negative impact on people’s health. As a result of the house’s high thermal insulation, there is less ventilation and air filtration, the chemicals have nowhere to go but gather there, which can lead to a number of ailments.Integrated DesignEnergy-efficient buildings require an integrated design approach. Architects, engineers, and other stakeholders must work collaboratively to optimize the building’s performance across various parameters, such as energy use, thermal comfort, lighting, and indoor air quality. The integration of advanced technologies, such as energy-efficient HVAC systems, building automation, and renewable energy sources, adds complexity to the design and construction process. These technologies need to work seamlessly together for the building to perform efficiently. The design and construction of the building envelope, including insulation, windows, and roofing, is crucial for controlling heat transfer and maintaining energy efficiency. Achieving the desired level of insulation and airtightness can be complex. Energy-efficient buildings are often customized to suit the specific needs and climate of the region. This customization requires careful consideration of local weather conditions, building orientation, and materials.Skill ShortagesThere is a shortage of skilled professionals with expertise in energy-efficient building practices and technologies. This scarcity can lead to suboptimal designs and inefficient construction processes. Achieving an integrated design that optimizes energy efficiency requires close coordination among multiple disciplines, including architecture, engineering, and interior design. Miscommunication or a lack of collaboration can lead to inefficiencies. The integration of sophisticated energy-efficient technologies can be challenging. Compatibility issues, technical glitches, and a lack of knowledge among construction teams can hinder the successful implementation of these systems. Many consumers and property owners are unaware of the benefits of energy-efficient buildings. Raising awareness and promoting long-term cost savings can be a challenge.

Key Market Trends

Infrastructure And DevelopmentBuildings that are energy efficient are in great demand as governments put more emphasis on energy conservation globally. Due to an increase in measures done by infrastructure and development organisations, the popularity of energy-efficient buildings has risen quickly in recent years. This forces businesses to give green building initiatives top priority. Due to a number of factors, including a growth in the number of green buildings, a greater requirement for effective building energy management, and the adoption of smart building and sustainable solutions, the global market for energy-efficient buildings is predicted to grow gradually. Government initiatives to promote resource conservation and energy efficiency are advancing the market on a global scale.In order to promote the use of energy efficient buildings as well as the transformation of both existing and newly constructed structures, green building codes, policies, and programmes are continuously adjusted and updated. Increasing environmental concerns, stringent building code requirements, and a growing need for energy conservation are just a few of the elements creating attractive prospects for vendors in the global market for energy-efficient buildings.

Segmental Insights

Components InsightsVentilation systems, Lighting technology, Energy management system, Control, HVAC, Water efficiency, Water heating, and Building envelope are the key components covered in the study. The energy management segment can anticipate recording the highest growth over the assessment timeline due to the surging need for highly equipped systems from different end-users.Building Type InsightsThe Energy-Efficient Building market segmentation, based on Building Type includes Residential, Commercial and Industrial . The commercial segment dominated the market, accounting for 47% of market revenue. Energy-efficient technologies and strategies offer substantial cost savings for commercial building owners and operators. The commercial segment of the energy-efficient building market dominates the market, accounting for 47% of market revenue. This is because commercial buildings are typically larger and more energy-intensive than residential or industrial buildings. There are a number of energy-efficient technologies and strategies that commercial building owners and operators can implement to save money on energy costs.Some of the most common include: LED lighting is significantly more energy-efficient than traditional incandescent or fluorescent lighting. High-efficiency HVAC systems use less energy to heat and cool buildings. Adding insulation to walls, attics, and other areas can help to keep buildings warm in the winter and cool in the summer, reducing energy use. Smart thermostats can learn the heating and cooling preferences of building occupants and adjust the temperature accordingly, saving energy. In addition to these technologies and strategies, commercial building owners and operators can also save energy by implementing simple changes, such as turning off lights and equipment when they are not in use, and unplugging electronics when they are fully charged.Related ReportsAbrasive Blasting Nozzle Market [2028]: Analysis & ForecastAerial Work Platform Market – Opportunities, Size & Growth [2028]Compact Electric Construction Equipment Market [2028] – Share, Trends & Forecast Table of Content-Energy-Efficient Building Market

  • Product Overview
  • 1.1.  Market Definition1.2.  Scope of the Market1.3.  Markets Covered1.4.  Years Considered for Study1.5.  Key Market Segmentations

    1. Research Methodology

    2.1.  Objective of the Study2.2.  Baseline Methodology2.3.  Key Industry Partners2.4.  Major Association and Secondary Sources2.5.  Forecasting Methodology2.6.  Data Triangulation & Validation2.7.  Assumptions and Limitations

    1. Executive SummaryVoice of CustomersGlobal Energy-Efficient Building Market Outlook

    5.1.  Market Size & Forecast5.1.1.    By Value5.2.  Market Share & Forecast5.2.1.    By Building Type (Residential, Commercial and Industrial)5.2.2.    By Component Type (Ventilation Systems, Lighting Technologies, Energy Management Systems, and Controls)5.2.3.    By Region5.3.  By Company (2022)5.4.  Market Map

    1. North America Energy-Efficient Building Market Outlook

    6.1.  Market Size & Forecast6.1.1.    By Value6.2.  Market Share & Forecast6.2.1.    By Building Type6.2.2.    By Component Type 6.2.3.    By Country6.3.  North America: Country Analysis6.3.1.    United States Energy-Efficient Building Market Outlook6.3.1.1.        Market Size & Forecast6.3.1.1.1.           By Value6.3.1.2.        Market Share & Forecast6.3.1.2.1.           By Building Type6.3.1.2.2.           By Component Type 6.3.2.    Canada Energy-Efficient Building Market Outlook6.3.2.1.        Market Size & Forecast6.3.2.1.1.           By Value6.3.2.2.        Market Share & Forecast6.3.2.2.1.           By Building Type6.3.2.2.2.           By Component Type 6.3.3.    Mexico Energy-Efficient Building Market Outlook6.3.3.1.        Market Size & Forecast6.3.3.1.1.           By Value6.3.3.2.        Market Share & Forecast6.3.3.2.1.           By Building Type6.3.3.2.2.           By Component Type 

    1. Asia-Pacific Energy-Efficient Building Market Outlook

    7.1.  Market Size & Forecast7.1.1.    By Value7.2.  Market Share & Forecast7.2.1.    By Building Type7.2.2.    By Component Type 7.2.3.    By Country7.3.  Asia-Pacific: Country Analysis7.3.1.    China Energy-Efficient Building Market Outlook7.3.1.1.        Market Size & Forecast7.3.1.1.1.           By Value7.3.1.2.        Market Share & Forecast7.3.1.2.1.           By Building Type7.3.1.2.2.           By Component Type 7.3.2.    India Energy-Efficient Building Market Outlook7.3.2.1.        Market Size & Forecast7.3.2.1.1.           By Value7.3.2.2.        Market Share & Forecast7.3.2.2.1.           By Building Type7.3.2.2.2.           By Component Type 7.3.3.    Japan Energy-Efficient Building Market Outlook7.3.3.1.        Market Size & Forecast7.3.3.1.1.           By Value7.3.3.2.        Market Share & Forecast7.3.3.2.1.           By Building Type7.3.3.2.2.           By Component Type 7.3.4.    South Korea Energy-Efficient Building Market Outlook7.3.4.1.        Market Size & Forecast7.3.4.1.1.           By Value7.3.4.2.        Market Share & Forecast7.3.4.2.1.           By Building Type7.3.4.2.2.           By Component Type 7.3.5.    Indonesia Energy-Efficient Building Market Outlook7.3.5.1.        Market Size & Forecast7.3.5.1.1.           By Value7.3.5.2.        Market Share & Forecast7.3.5.2.1.           By Building Type7.3.5.2.2.           By Component Type