Global Energy Efficient Building Market: Overview

Energy efficiency is a measure of how much of the available energy is put to use in a given project. UN Secretary-General Ban Ki-moon has started the Sustainable Energy program, with an aim to increase the global rate of improvement in energy efficiency by 2030. Efficient buildings are important for achieving sustainable development as they align social, economic and environmental objectives. However, the scale and pace of ongoing actions around the world is insufficient to convert buildings into an engine of the sustainable energy and efficient economy. Government policies can propel the adoption of energy efficiency measures in buildings.

The energy efficient building market can be segmented on the basis of residential, commercial and industrial sector. Energy efficiency sector represents more than USD 30 billion in potential energy savings in the commercial building sector alone. Building consumes nearly 40 percent of global energy and it has a significant burden on household and business budgets. Increasing energy productivity through measures like building efficiency has the capability to decrease the growth of energy demand in developing countries by more than half by 2020. By 2020, global energy demand is forecasted to rise by 2.2 % every year and majority of the share occupied by developing economies. Investments in building efficiency can free up scarce resources for other purposes.

Buildings require large quantities of raw materials such as water, energy and construction materials that compete with various other sectors of the economy for these scarce resources. The environmental impact can be minimized with energy efficient buildings that reduce greenhouse gas emissions and are environmentally sound while selection of the materials and waste management. In addition these energy efficient buildings contribute to a better indoor and outdoor air quality leading to healthy environment. Further, efficient buildings can improve the quality of life of millions of people because they of improved comfort and proper ventilation. Energy efficiency can stretch existing electricity resources further by providing better energy access, reliability and security in remote areas.

Sustainable development offers us today and the generations to come the triple benefits of social equity, environmental protection and economic progress. Building efficiency is vital for sustainable development as it aligns economic, social and environmental objectives by increasing energy productivity, greening urbanization, water and materials efficiency, mitigating greenhouse gas emissions, and improving the quality of the building. Energy efficient buildings help in achieving sustainable development goals through the cooperation of industries and governments. By making policies, prioritizing life-cycle and performance metrics and engaging in more integrated planning processes, design and construction of buildings can contribute to national and urban sustainability goals.

Global Energy Efficient Building Market: Drivers and Restraints

The need to focus on the sustainability of the environment exists in both developed and developing countries. In developed economies, achieving sustainable development requires renovation of the existing building stock. In developing economies such as India and China, there is a huge potential to access and implement best in class building practice today.

Some of the key drivers of the energy efficient buildings market are government policies, support by industries and design, construction and renovation of the buildings. However, high operational cost to renovate the buildings can hamper the growth of the market. Modernization in technologies and government rules and regulations brings new opportunities in the energy efficient building market.

Global Energy Efficient Building Market: Competitive Dynamics

Some of the key players in the business of energy efficient buildings are Cleantech Group, Ameresco Inc., Johnson Controls, Knauf Insulation, Serious Energy Inc., KMC Controls Inc. and Architectural Energy Corporation among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Energy Efficient Building Market

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