A look ahead
2016 undoubtedly will go down as a major leap forward for green and sustainable building.
Commercial developers and consumers more and more are seeing the benefits of high-performance construction – financially, physically and mentally. A number of studies were released this year that show how green building provides energy savings, keeps occupants healthy and helps them remain focused.
As 2016 comes to a close, several reports forecast even more good news for the industry in the coming years. Here's a look at what several of them have found.
Zero net energy building market
The global market for zero net energy buildings is likely to expand considerably between 2016 and 2024, according to Transparency Market Research. A zero net energy building is designed to ensure zero net consumption, which means the total amount of energy consumed by the building annually should roughly equal the amount of renewable energy created on site. The construction of these buildings has gained prominence in the last few years, since they contribute significantly to reducing greenhouse emissions.
Favorable government regulations and skyrocketing environmental concerns around the world have been key drivers of the global zero net energy buildings market, Transparency Market Research said.
ZEBs have emerged as the most popular target for green building construction and renovation for the forthcoming years. Despite the market being nascent, ZEBs have become the prime focus of the green buildings industry across major regional markets.
The rapid expansion of the construction industry in Asia Pacific provides lucrative opportunities for the expansion of the zero net energy buildings market, the research shows. China, in particular, boasts of several attractive opportunities for the market. With the sheer number of buildings being constructed in urban areas, the country needs to adopt major steps and technologies to reduce energy consumption and subsequently contribute less to the growing global carbon footprint. As such, the market for zero net energy buildings is poised to witness a surge in demand in China.
Meanwhile, the European Union (EU) has also decided to set intermediate-term targets for energy reduction in commercial, residential, and government buildings, which in turn is driving the market for ZEBs at a significant pace.
The zero-net energy buildings market in North America will be primarily led by the U.S. Favorable government policies and rising investments on eco-friendly construction in the country will give a significant boost to the ZEBs market.
Green building materials market
The global green building materials market was valued at $171 billion in 2015 and is forecast to growing at an annual rate of 11.9 percent to 2022 to reach $377 billion by 2022.
Emission reduction potential of green building materials, high asset value of green buildings, growth in public awareness regarding green materials and increase in client and market demand are the major factors that drive the green building materials market across the globe, according to “Green Building Materials Market by Product Type and by Application—Global Opportunity Analysis and Industry Forecast, 2014–2022” by Allied Market Research. In addition, reduction in operating costs and enhanced worker productivity, due to healthier indoor environment supplements the market growth.
New low-rise and high residential buildings, retrofits of existing buildings, and new industrial buildings are the major areas where growth of green building materials is expected.
Key findings of the study:
• Asia-Pacific is expected to continue to lead the market during the forecast period followed by Europe.
• Solar products market revenue is projected to grow with a high annual rate of 13.5 percent during the forecast period.
• Roofing is the fastest growing segment in green building exterior products registering a CAGR of 12.2% during the forecast period.
• Brazil accounts for three-fifths share in LAMEA green building materials market in 2015.
• India grows at a faster rate in Asia-Pacific green building materials market, registering an annual rate of 12.7 percent from 2016 to 2022.
Indoor air quality monitor market
MarketsandMarkets research report "Indoor Air Quality Monitor Market by Product (Fixed, and Portable Indoor Monitor), Pollutant Type (Chemical, Physical, and Biological), End–User Application (Government Buildings, Industrial, Commercial, Residential) - Global Forecast to 2022" shows the indoor air quality monitor market is expected to grow from $2.52 billion in 2015 to $4.63 billion by 2022.
The rising demand for indoor air quality monitoring products is due to the increasing adoption of smart home and green-building technologies, growing consumer preference for pollution-free indoor environments, and development and commercialization of innovative wearable air-quality monitoring devices.
The market for portable indoor monitors is expected to grow at the highest rate during the forecast period. The market growth can be attributed to the increasing adoption of smart homes and green-building technologies (including effective ventilation, air quality monitoring and control, and indoor dust and gas level management) and growing consumer preference for healthy and pollution-free indoor environments.
Smart glass market
The smart glass market is expected to reach $8.13 billion by 2022 from $2.34 billion in 2015, growing at an annual rate of 19.2 percent between 2016 and 2022.
Improving the energy efficiency of infrastructures is imperative and inevitable to address the energy supply and demand. Switching to smart windows can significantly help reduce the overall energy consumption.
Smart windows are made of smart glass, which regulates the amount of light passing through them depending on the time of the day. Thus, windows with smart glass can switch from being translucent to transparent without consuming a large amount of energy.
According to the U.S. Department of Energy, the use of smart glass can reduce energy consumption by almost 40 percent. This energy-saving property of the smart glass is a driving force for the smart glass market.
Europe and North America hold the largest share of the smart glass market. North America and Europe are the biggest contributors in this industry in terms of consumption and manufacturing capacities.
Global building information modeling market
A Research Beam study says the global building information modeling (BIM) market is expected to reach a collective value of $11.7 billion by 2022, registering an annual growth rate of 21.6 percent during the forecast period of 2016–22.
Building information modeling (BIM) is a digital representation of a construction project that can be used by architects, engineers and other construction professionals. It helps in planning, designing, constructing, operating and maintaining the diverse physical infrastructure coupled with speedy data exchange among the involved entities.
Nowadays, the software tool is becoming popular among end-users considering its advantages to be increased return on investments (ROIs), time and money savings. Rapidly increasing numbers of construction projects globally, rising awareness of BIM and associated benefits, and the growing demand for automated models in architecture, engineering and construction (AEC) industry, have been facilitating its adoption in construction industry, especially for commercial and infrastructure projects.
Cloud-based solutions are gaining increased popularity among customers owing to cost effectiveness and easy access over on premise models. Geographically, BIM market is segmented into North America, Europe, Asia-Pacific and Latin America, Middle East and Africa (LAMEA).
Asia-Pacific would be the fastest growing region owing to the high adoption of BIM in countries such as China, India and Japan.
Ceiling tiles market
The ceiling tiles market, according to a report by Transparency Market Research, had a valuation of $19.19 billion as of 2014, and that figure is projected to balloon to $42.04 billion by 2023.
Ceiling tiles made for use in green buildings will see an uptick in demand because the green buildings industry itself is witnessing aggressive growth, the company said. Besides their structural and aesthetic benefits, ceiling tiles are also becoming imperative to furthering the green-building trend.
The market has numerous environment-friendly ceiling tiles to offer. Many are made using pre- or post-consumer recycled materials and are high on the sustainability quotient, allowing manufacturers of such tiles to place their products on the market at a premium.
Mineral wool tiles were the global leader in volume. The construction of shopping malls, industrial parks, and commerce zones in emerging economies has proven conducive to the demand for ceiling tiles in non-residential applications.
With growth projections for the ceiling tiles market looking positive, several companies are expected to collaborate to present innovative products. Ceiling tiles that can help consumers save costs, energy and blend with the interior designer’s aesthetic concepts will stand a better chance of competing in what is becoming a dynamic market.
Topics: Architectural Firms, Automation and Controls, Building Owners and Managers, Construction Firms, Consulting - Green & Sustainable Strategies and Solutions, Energy Saving Products, Engineering Firms, Environmental Firms, Exteriors, Great Commercial Buildings, Healthy & Comfortable Buildings, Highrise Residential, Indoor Air Quality (IAQ), Interiors, Office Buildings, Sustainable Communities, Technology, Urban Planning and Design, Ventilation, Windows - Glass and Glazing Strategies and Systems