The global Net-Zero Energy Buildings market size was valued at USD 9,628 million in 2017 and is anticipated to grow at a CAGR of 29.8% during the forecast period. Net-zero energy buildings are energy efficient buildings which generate on-site renewable energy equal or greater than the total energy consumed on-site. Net-zero energy buildings consume only as much energy as can be produced onsite through renewable resources over a specified time period by focusing on energy efficiency and renewable energy generation. These buildings are feasible for offices, educational facilities, laboratories, and other building types. The adoption of net-zero energy buildings is increasing in the commercial sector to reduce emissions and energy use.
The growing need for energy efficiency, increasing energy costs, and rising use of renewable energy sources drive the growth of the market. There has been increasing awareness among consumers regarding environmental protection, which further supports market growth. Stringent government regulations regarding energy use, and reduction in operation costs also boost the adoption of net-zero energy buildings. Other factors driving the market include supportive government regulations, increasing awareness, and technological advancements. Growing demand from emerging economies, and increasing consumer awareness are factors expected to provide numerous growth opportunities in the coming years.
The global Net-Zero Energy Buildings market is segmented on the basis of type, equipment, and region. Based on type, the market is segmented into residential, and commercial. On the basis of equipment, the market is segmented into HVAC systems, lighting, walls and roofs, and others. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. North America accounted for the largest share in the Global Net-Zero Energy Buildings market in 2017.
The leading players in the market include Siemens AG, General Electric, Johnson Controls International plc, SunPower Corporation, Altura Associates, Inc., Sage Electrochromics, Inc., Daikin Industries Ltd., Schneider Electric, Kingspan Group plc, and Integrated Environmental Solutions (IES) Limited among others. These leading players in the market are introducing innovative products in the market to cater to the consumers. Global players are entering new markets in developing regions to expand their customer base and strengthen market presence.