BOULDER, Colo.--(BUSINESS WIRE)--A recent report from Navigant research defines and analyzes the global market for zero energy buildings (ZEBs), including global market forecasts for revenue, broken out by region, product/service, and development type, through 2035.
On a global scale, commercial and residential buildings account for 35 percent to 40 percent of total energy consumption. While advances in energy efficient buildings are reducing the energy consumption of many new and existing structures, the spread of ZEBs, which generate as much energy over the course of a year as they use, is a primary indicator of aggressive approaches to mitigating the impacts of climate change in the built environment. Click to tweet: According to a recent report from Navigant Research, worldwide revenue from ZEBs is expected to total nearly $4.6 trillion from 2014 through 2035.
“Governments, corporations, and home-builders are pursuing ZEB solutions in order to reduce energy costs and minimize the carbon footprint of their buildings,” says Noah Goldstein, research director with Navigant Research. “A number of large-scale and interesting showcase developments are paving the way for the widespread adoption of ZEBs in a few innovative regions around the world.”
The strongest driver for this market is regulation, according to the report. Policies like the European Union’s Energy Performance of Buildings Directive and California’s evolving Title 24 building code have been introduced in many countries to create an emerging market that integrates highly energy efficient building technologies with renewable power. In some markets – particularly residential buildings in the EU – ZEBs are expected to be developed by current green building and conventional builders and suppliers as they shift their offerings to conform to the new code requirements.
The report, “Zero Energy Buildings,” defines and analyzes the global market for ZEBs with a focus on six product and service categories: lighting, walls and roof, glazing, heating, ventilation, and air conditioning (HVAC) systems, renewable energy, and soft costs. It provides an analysis of the region-specific and worldwide market issues, including drivers and barriers, associated with ZEBs. Global market forecasts for revenue, broken out by region, product/service, and development type (commercial construction, commercial retrofits, and residential), extend through 2035. The report also examines the key technologies and services related to ZEBs, as well as the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals provide services that extend from expert and advisory work through implementation and outsourcing. The firm combines deep technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism to address clients’ needs in highly regulated industries including Construction, Energy, Financial Services and Healthcare. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, “Zero Energy Buildings,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.