- Report ID: BMRC 1458 | Number of pages: 200 | Publish Date: Feb 2021
Status: Published | Category: Energy And Mining | Delivery Timeline:
Global Net Zero Energy Homes Market is expected to Grow with a CAGR of 25.1% over the forecast period.
Net Zero Energy Homes Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027: Increasing environmental awareness & overdependence on depleting fossil fuels are anticipated to drive the growth of Global Net Zero Energy Homes Market.
Net zero energy homes are the homes which are in better grid form, so air tight, well insulated and energy efficient that they can produce the renewable energy that is consumed in a year period leading to net zero energy bill & carbon free house. The net zero energy houses don’t only mean use of renewable energy source such as solar panel but also energy efficient system with advanced design. These houses are quiet healthy and comfortable sustainable house at affordable price called green house. The growing climatic issues & world resolution to control the environmental change which could lead to deadly effects shifted towards renewable energy source for power generation. According to IEA; the energy consumption of world in 2019 was approx. 22,500 TWh which require tones of fossil fuel & carbon emission generation.
The net zero energy building can be connected to grid to provide energy to grid when off peak consumption & take from grid for on peak consumption. The development of net zero houses increases the reliability & life of building & provide affordable lifestyle to many individual with low income. The building made with be highly insulated to heat, properly ventilated & output of one can be used as input for other such as exhaust hot air, etc. The effort to reduce carbon footprint will get benefitted by these house along with ZEVs, owner doesn’t get with future price increases & uniform interior temperature.
During Covid-19 pandemic, the businesses are affected due to government movement restriction & social distancing but this market doesn’t show significant change as it is a niche market & limited to certain developed regions. The growing environmental awareness & effort to reduce carbon footprint will help the market growth in coming years.
Global net zero energy homes market report is segmented on the basis equipment, service and region & country level. Based upon equipment, global net zero energy homes market is divided into insulation panels, lighting systems, HVAC systems, solar PV panels and others. Based upon service, the market is divided into software and consulting & designing.
The regions covered in global net zero energy homes market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global net zero energy homes is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, Egypt, UAE) GCC, Africa, etc.
Some of the key players for global Net zero energy homes market are Daikin Industries, Rockwool Group, Xtratherm, Solatube International, Johnson Controls, SunPower Corporation, Kingspan Group, General Electric, Integrated Environmental Solutions, Siemens AG, and Schneider Electric, Altura Associates, Sage Electrochromics and others.
News: Government Unveiled New Net-Zero Support for Buildings and 'Every Single Mode of Transport'
On October 15th, 2019; The UK Government published its highly-anticipated response to the Committee on Climate Change's (CCC) advice on meeting net-zero carbon by 2050, including new measures to decarbonise business buildings and transport, and to support the uptake of energy storage at scale. It claims that the UK Government has allocated £2bn to decarbonization projects since the amendment to the 2008 Climate Change Act was ratified, with much funding being allocated across the fields of hydrogen, carbon capture and green finance.
Increased Overdependence on Depleting Fossil Fuel & Growing Environmental Awareness are the Major Factors Driving the Market Growth
The major factor driving the growth of global net zero energy homes market is the increased awareness regarding the environmental issues & international agreements. The governments around the globe are trying to reduce the carbon footprint to reduce effect of greenhouse gases, temperature change, and environmental depletion by making various policies & implementing initiatives. In addition, the increased dependence on fossil fuel for automotive, electricity, industry etc. makes it an important issue as it will be depleted by 2050, which leads to shift towards renewable energy sources. According to worldometer; average consumption of coal per year is around 8 billion tons. Furthermore, the maintenance of grid with increased load due to population growth is going rise & leads to high expenditure instead government schemes to promote net zero house will increase the growth. However, high cost of construction and high initial investment may hinder the market growth. In spite of that, increasing awareness regarding the benefits of net zero houses along with technology sharing & support may provide various opportunities for the further growth of the market.
North America is Expected to Dominate the Global Net Zero Energy Homes Market
The global net zero energy homes market is segmented into North America, Europe, Asia-Pacific Latin America and Middle East & Africa. North America is expected to dominate the global net zero energy homes market within the forecast period due to technological advancements and highest disposable income in this region. According to World Bank; the United States holds highest per capita income of $51987. In addition, the region generates highest carbon footprint which need to be reduced with increased international agreement. According to The Nature Conservancy; the average carbon footprint per person for a year in United States is 16 tons which need to be reduced to targeted 2 tons.
Europe is anticipated to capture the second largest share for net zero energy homes market due to its commitment to address the environmental issues. Many countries have implemented the policy to shift toward green or renewable energy source in this region. According to news, UK has banned the sales of gasoline vehicle by 2030. In addition, the region is technologically advanced with significant disposable income which will make smooth transition to adopt net zero energy homes. Asia Pacific is a developing economy but the net zero energy homes holds niche market due to low disposable income.
Key Benefits for Global Net Zero Energy Homes Market Report:
Middle East and Africa
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Net Zero Energy Homes Market Size By Equipment (Insulation Panels, Lighting Systems, HVAC Systems, Solar PV Panels, Others), By Service (Software, Consulting & Designing) Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027