Evolve Business Intelligence has published a research report on the Global Energy Efficient Building Market, 2023–2033. The global Energy Efficient Building Market is projected to exhibit a CAGR of around 6.01% during the forecast period of 2023 to 2033.
Evolve Business Intelligence has recognized the following companies as the key players in the global Energy Efficient Building Market: Architectural Energy Corporation Knauf Insulation, Cleantech Group, Johnson Controls, Ameresco Inc, Serious Energy Inc, Solar Impulse Foundation, SSAB group, Eaton Corporation and KMC Controls.
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Market Highlights
The Global Energy Efficient Building Market is projected to be valued at USD 132.30 Billion by 2033, recording a CAGR of around 6.01% during the forecast period. The Energy Efficient Building Market refers to the segment of the construction industry focused on designing, constructing, and retrofitting buildings to reduce energy consumption and improve efficiency. This market encompasses a range of technologies, practices, and materials aimed at minimizing energy use while maintaining or enhancing comfort, functionality, and sustainability within buildings. Key aspects often include efficient HVAC (Heating, Ventilation, and Air Conditioning) systems, advanced insulation, smart lighting and controls, renewable energy integration (such as solar panels), and innovative building designs that optimize natural light and ventilation.
This market is expected to grow significantly due to rising Energy Costs, sustainability concern and increasing government regulations promoting energy efficiency in buildings.
The COVID-19 pandemic had significant impacts on the Energy Efficient Building Market. The energy-efficient building sector experienced disruptions in the supply chain due to factory closures, transportation delays, and labor shortages during lockdowns and restricted operations. Many construction projects were delayed or halted altogether during the pandemic, affecting the implementation of energy-efficient building technologies and practices. The shift to remote work led to increased energy use in residential buildings, prompting greater interest in home energy efficiency solutions. Conversely, office buildings faced reduced occupancy, altering demand for energy-efficient systems. The pandemic highlighted the importance of resilient buildings capable of supporting health and well-being, potentially increasing demand for energy-efficient solutions that also enhance indoor air quality and overall building health.
Segmental Analysis
The global Energy Efficient Building Market has been segmented based on Building Type and Application.
Based on Building Type, the Energy Efficient Building Market is segmented into Residential, Commercial and Industrial. The Commercial segment is anticipated to dominate the market.
Based on Application, the global Energy Efficient Building Market has been divided into the Ventilation Systems, Lighting Technologies, Energy Management Systems and Controls. The Energy Management Systems segment is anticipated to dominate the market.
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Regional Analysis
The Energy Efficient Building Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. North America region leads in energy-efficient building practices, driven by stringent environmental regulations, incentives for green buildings, and a strong corporate focus on sustainability. The market is characterized by advanced technologies in HVAC systems, smart building solutions, and energy management systems. Europe is a mature market for energy-efficient buildings, supported by robust regulatory frameworks like the EU’s Energy Performance of Buildings Directive (EPBD). There is significant adoption of passive building designs, high-performance insulation materials, and renewable energy integration. In Asia-Pacific region, rapid urbanization and industrialization drive demand for energy-efficient buildings in countries like China, Japan, and India. Government initiatives promoting green building certifications, coupled with rising energy costs and environmental concerns, spur growth in this region. Middle East and Africa region increasing awareness of sustainability and energy security is driving investment in energy-efficient buildings, particularly in urban centers. Government initiatives and regulations in countries like the UAE and South Africa encourage green building practices. The Latin America region is growing urban populations and efforts to mitigate climate change are propelling interest in energy-efficient buildings. Governments in countries like Brazil and Mexico are introducing incentives and standards to promote sustainable construction practices.