Zero Net Energy Buildings Market: Overview
The global market for zero net energy buildings is likely to expand considerably between 2016 and 2024, exhibiting a high rate of growth. As the name suggests, a zero net energy building is designed to ensure zero net consumption, which means the total amount of energy consumed by the building annually should roughly equal the amount of renewable energy created on site. The construction of these buildings has gained prominence in the last few years, since they contribute significantly to reducing greenhouse emissions.
Numerous zero net energy building (ZEB) pilots have been developed around the world to demonstrate novel technology solutions and create high-performance structures across residential and commercial facilities, including corporate offices, government buildings, and residential complexes. The construction of zero net energy buildings is encouraged as nations seek ways of minimizing their carbon footprint.
The outlook of the market is strong, though the market will witness a slow start.
Other than several pilots trying to bring about savings through low energy bills, a stronger driver of the market will be growing awareness about ZEBs, which use as much energy as they generate from on-site renewables over the course of a year. However, the various definitions of ZEBs and the lack of uniform standards to identify the success of pilots will create several challenges for the market in the coming years.
The report provides a granular analysis of the growth trajectory exhibited by the global zero net energy buildings market. It covers the various pilots initiated across the world and studies their success rates. Insights into the factors driving and restraining the market make for an indispensable inclusion in the report. For the purpose of the study, the report also includes exhaustive information obtained from trusted industrial sources.
Zero Net Energy Buildings Market: Key Trends and Opportunities
Favorable government regulations and skyrocketing environmental concerns around the world have been the key drivers of the global zero net energy buildings market. ZEBs have emerged as the most popular target for green building construction and renovation for the forthcoming years. Despite the market being nascent, ZEBs have become the prime focus of the green buildings industry across major regional markets.
Zero Net Energy Buildings Market: Region-wise Analysis
The rapid expansion of the construction industry in Asia Pacific provides lucrative opportunities for the expansion of the zero net energy buildings market. China, in particular, boasts of several attractive opportunities for the market. With the sheer number of buildings being constructed in urban areas, the country needs to adopt major steps and technologies to reduce energy consumption and subsequently contribute less to the growing global carbon footprint. As such, the market for zero net energy buildings is poised to witness a surge in demand in China.
Meanwhile, the European Union (EU) has also decided to set intermediate-term targets for energy reduction in commercial, residential, and government buildings, which in turn is driving the market for ZEBs at a significant pace.
The zero-net energy buildings market in North America will be primarily led by the U.S. Favorable government policies and rising investments on eco-friendly construction in the country will give a significant boost to the ZEBs market.
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
- 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.