Worldwide revenue from zero energy buildings is expected to total nearly $4.6 trillion from 2014 through 2035, according to a report from Navigant Research.
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.
“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.