The global Net-Zero Energy Buildings (NZEBs) Market is expected to reach USD 78.79 billion by 2025. Net-Zero Energy Building (NZEBs) is also termed as zero-energy building, zero net energy (ZNE), or net-zero building are commercial or residential buildings with significantly reduced energy needs. It is a building with zero net energy depletion, that is the whole amount of energy used by the building every year is coarsely equal to the amount of renewable energy formed on the site. The Net-Zero Energy Buildings (NZEBs) Market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.
Net-Zero Energy Building (NZEBs) Market is segmented based on equipment type, services, application, and region. HVAC systems, lighting, walls & roofs, and other equipment types could be explored in Net-Zero Energy Building (NZEBs) in the forecast period. HVAC systems sector accounted for a substantial market share and is estimated to lead the overall market in the coming years.
Consulting & designing and software are the two main services that could be explored in Net-Zero Energy Building (NZEBs) in the forecast period. Software is mainly used by consultants, architects, designers, and engineers and comprises various designing tools like AutoCAD and CAD. The consulting & designing sector accounted for the substantial market share of Net-Zero Energy Buildings (NZEBs). This may be because of growing awareness and the high demand for ZNE structures from residential and commercial sectors across the globe. Also, the software sector is estimated to grow at a steady pace in the coming years.
The market may be categorized based on applications like residential, commercial, and others that could be explored in the forecast period. The commercial sector accounted for the largest market share of Net-Zero Energy Building (NZEBs) and is estimated to lead the overall market in the coming years. This may be because of high demand from the residential areas. Commercial building structure includes huge production/. manufacturing plants, institutes, government offices, and corporate offices. The residential sector is estimated to grow at the fastest pace in the coming years.
Globally, North America accounted for the largest market share of Net-Zero Energy Building (NZEBs) and is estimated to lead the overall market in the coming years. The United States and Canada are the major consumers of the overall market in the region. The reason behind the overall market growth could be a strict United States government policy to accomplish the sustainability of present and new buildings and the presence of numerous Net-Zero Energy Building in California.
Instead, Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second-largest region with a significant market share. However, Asia Pacific is estimated to grow at the fastest pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise growing population in urban areas, increasing awareness among the populace regarding green buildings, and growing investment in infrastructural development. Developing countries as Japan, India, and China are the major consumers of Net-Zero Energy Buildings (NZEBs) in the region.
The key players of the Net-Zero Energy Building (NZEBs) Market are Schneider Electric, Johnson Controls, Siemens AG, SunPower Corporation, Integrated Environmental Solutions, Kingspan Group, and General Electric. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.
Market Segment:
NZEBs Equipment Outlook (Revenue, USD Million; 2014 - 2025)
• Lighting
• HVAC Systems
• Walls & Roofs
• Others
NZEBs Services Outlook (Revenue, USD Million; 2014 - 2025)
• Software
• Consulting & Designing
NZEBs Building Type Outlook (Revenue, USD Million; 2014 - 2025)
• Commercial
• Residential
NZEBs Regional Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• the U.S.
• Canada
• Mexico
• Europe
• Germany
• the UK
• France
• Italy
• Spain
• Sweden
• the Netherlands
• Norway
• Finland
• the Asia Pacific
• China
• Japan
• South Korea
• Singapore
• Australia
• South America
• Brazil
• The Middle East & Africa
Research Support Specialist, USA