Zero Energy Homes Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027. Energy Efficient, Sustainable and Low Carbon Impact buildings are key driving factors for the growth of Zero Energy Homes Market.
Zero Energy Homes Market is valued at USD 777.62 Million in 2017 and expected to reach USD 3228.95 Million by 2027 with a CAGR of 15.3% over the forecast period.
Zero Energy Homes (ZE) or Zero-net energy homes (ZNE) has zero net energy consumption. In other words, the amount of energy consumed by these buildings on an annual basis is equal to energy generated from renewable sources. Hence, these houses prove to be cost-effective, comfortable and healthier homes. The zero energy buildings have less impact on environment as they produce less green house gases. The International Energy Agency (IEA) along with GlobalABC has developed global roadmap 2020-2050 for efficient, low-emission and resilient constructions and buildings. These roadmap focuses on eight major activities includes: new buildings, urban planning, building operations, building retrofits, systems, resilience, materials and clean energy. The organization has divided these major activities in four components as deep renovations, Zero energy buildings, low GHG materials and low GHG energy supply.
The COVID-19 pandemic has major impact on all the industries with positive outcome and some has experienced sudden downfall. The energy industries have been impacted by COVID-19 pandemic around the world, slowing down the expansion of clean and green technologies. This time-period provided opportunity to global leaders and organizations to invest in energy efficient buildings with cost-effective technologies. C40 Global Mayors COVID-19 Recovery Task Force confirms through their research about investing COVID stimulus funds in energy efficient technologies will deliver faster economy recovery with halting climate crises.
Global Zero Energy Homes Market report is segmented on the basis of Material Type, Technology and Region & country level. Based upon Material Type, Global Zero Energy Homes market is classified as Timber, Green Roof, Concrete Blocks, Warm Floors, Green Plaster and Ventilation System. The market is classified on the basis of Technology are Solar System, Biomass & Biogases, Fuel Cells and Hydropower System.
By Material Type:
The regions covered in this Global Zero Energy Homes Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Zero Energy Homes is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia, Africa, etc.
Some major key players for Global Zero Energy Homes Market are Johnson Controls, Integrated Environmental Solutions, Solatube, SageGlass, Kingspan, Rockwool and others.
LG Electronics Net Zero Showhomes: TNAH and TNAR
February 9, 2021; LG Electronics home appliances, solar panels, consumer electronics and HVAC technologies are providing energy efficient and high performance home connectivity to The New American Home (TNAH) and The New American Remodel (TNAR). For consecutive two years LG Electronics home appliances were selected by NAHB for IBSx 2021 Showcase Homes.
UK standard body blames government for Green Homes Grant
January 28, 2021; Government is blamed by UK industry standard body to rectify the payments on green home grant, as failure to pay resulted in debt and job losses. The grant intention was to move UK to net zero carbon emission by 2050 by helping households to move to renewable energy from fossil fuel systems. To make homes more energy efficient, installation of insulation up to £5,000 to £10,000 was covered by grant.
The major factors driving the growth of Global Zero Energy Homes Market are Energy Efficient, Sustainable and Low Carbon Impact buildings. The green houses or zero energy buildings have potential to provide solutions to cities facing challenges with cost saving system, cutting overall emission and improving the life of residents. To modify existing buildings and houses, the construction industries is expected to create large employment opportunities for people. Furthermore, technological advancement followed by increasing awareness about green energy and environment has also increased the demand for zero energy homes market over the forecast period. However, high cost of construction for zero emission houses and lack of skilled builders or designers acts as a restraining factor in the market. On the other hand, adoption of hybrid technologies like IOT can help in building green and smart houses which is likely to create ample opportunities in Zero Energy Homes Market.
North America is expected to dominate the Global Zero Energy Homes Market within the forecast period attributed to initiatives and policies by government towards the adoption of green technologies. For more than 20 years, Department of Energy (DOE) in the U.S is supporting Zero Emission Building for Building America Program, partners with top U.S. builders and industries to bring resources and innovations in zero energy homes market. In order to reduce the impact of climate change, Climate Action, Sustainability, and Resiliency (CASR) plans to achieve zero energy technology in all buildings and houses by 2030 in Denver. Europe accounts for the second largest market share in zero energy homes market owing to the stringent environmental policies. Moreover, increasing awareness among people followed by technological advancement and inclination towards green energy is expected to fuel the growth of zero energy homes market.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 777.62 Million|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 3228.95 Million|
|Tables, Charts & Figures:||175|
|Key Players/Companies||Johnson Controls, Integrated Environmental Solutions, Solatube, SageGlass, Kingspan, Rockwool and others|
|Segments Covered||By Material Type, By Technology|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|