Zero Net Energy Buildings Market Will Be $15,057.2 M in 2020

The need for a transition to a low-carbon economy is expected to increase demand for net-zero electricity, and in order for this target to be achieved, it is essential to build electricity-efficient technologies and reinvent the current as well as new infrastructure. In an effort to achieve sustainable development the project Energy Efficiency Buildings (EEB) has been launched by leading companies in the construction and energy sectors. The goal of the project is to identify and eliminate obstacles and transform systems to achieve energy self-sufficiency in an efficient way.

When compared with conventional homes, net zero energy homes have a variety of economic and environmental benefits at the individual, community, and societal levels. Net-zero homes can increase profits for builders and developers since they often sell faster and at a higher price than conventional homes. By integrating net-zero energy technology into home construction, builders also have the opportunity to capitalize on their role as early adopters and get a head start on building relationships with other energy efficiency and clean energy businesses.

Despite these benefits, the zero net energy buildings come with their own set of challenges. Increasing upfront cost compared to standard products, lack of consumer awareness or understanding of net zero energy building products benefits, and costs associated with testing required for rating systems is expected to be the key challenges identified for zero net energy buildings market over the coming years.

The upcoming ten-year period is expected to be critical for the zero net energy buildings market’s development. The lead analyst of the report commented that "The transition to a clean energy future, requires a great level of efficiency, which can be achieved only by modernizing the current energy infrastructure and investing in environmentally sustainable solutions such as the zero net energy buildings. The regulatory framework globally has already started becoming favourable to such developments as states around the world expand their clean energy policy agendas. Rising construction activities followed by increasing economic stability in developed as well as developing nations is expected to strengthen global residential and commercial construction activities over the coming years. However, the spread of COVID-19 is expected to hamper the industry in the coming years as it is anticipated to slow construction activities until 2021."

The 171-page report provides details of how revenue by Equipment and by Building Type in the Zero Net Energy Buildings market will evolve over the next ten years, along with an extensive regional analysis and forecasting. A leading companies chapter offers detailed analysis and outlooks for the leading Zero Net Energy Buildings Market manufacturers that operate in the industry.

This reports is now available on ASDReports!

Source: ASDReports - Market Research
Date: Jun 11, 2020