Revenue from Net Zero Energy Buildings to Reach $1.3 Trillion by
2035
Location: Boulder
Author: Richard
Martin
Date: Friday, February 3, 2012
As green building practices become more commonplace in the global
construction industry, the goal of designing zero energy buildings, or
buildings that consume as much energy as they produce through on-site
and renewable energy systems, has emerged as the next major frontier. A
number of countries and regions have already established long-term
targets and regulations requiring zero energy building construction that
will come into effect over the coming years, some as soon as 2016. These
stringent regulations will accelerate adoption around the world, causing
the industry to undergo a significant transformation in the coming
years. According to a new report from Pike Research, worldwide revenue
from zero energy buildings will grow rapidly over the next two decades,
reaching almost $690 billion by 2020 and nearly $1.3 trillion by 2035.
That represents a compound annual growth rate of 43%, with much of that
growth occurring in the European Union.
“Following the surge in LEED and other green building certifications
worldwide over the last few years, zero energy building has emerged as
the ‘holy grail’ in green building design”
“Following the surge in LEED and other green building certifications
worldwide over the last few years, zero energy building has emerged as
the ‘holy grail’ in green building design,” says research analyst Eric
Bloom. “Technically, zero energy building design is feasible for many
building types in many regions, but concerns about the upfront cost
continue to impede it in the market.”
The most noteworthy of the new regulatory regimes is in Europe, where
the European Union’s Energy Performance of Buildings Directive (EPBD),
which governs EU building energy codes, will require nearly zero energy
construction in public buildings by 2019 and in all new construction by
2021. The exact language of these new building codes is still being
established, but it is clear they will drive significant investment in
zero energy building technologies over the next few decades. Similar
regulations have come into effect or are being discussed in the United
States and Japan. While the technologies required to make zero energy
buildings possible, such as efficient lighting and HVAC systems,
improved insulation, solar photovoltaic and other systems, can add
significant upfront cost, advances in energy efficiency and renewable
energy technologies will improve system performance and reduce costs.
Pike Research’s report, “Zero Energy Buildings”, provides data on the
size and growth of the market for zero energy building markets,
including HVAC systems, glazing systems, wall and roof construction,
renewable energy systems, and construction soft costs, from 2011 through
2035. The study also includes a qualitative assessment of major drivers
and trends for zero energy buildings in key markets, including both
commercial and residential zero energy buildings. It also provides a
discussion of the individual technology elements associated with zero
energy building, as well as the design challenges that the AEC
(architecture/engineering/construction) service providers will face in
delivering zero energy buildings. An Executive Summary of the report is
available for free download on the firm’s website.
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