Overview and Scope
Green building refers to the practice of planning, building, operating, and maintaining buildings with a resource-efficient and environmentally responsible approach. Green building aims to reduce buildings' negative environmental effects while increasing their beneficial benefits to the health and well-being of occupants and communities.
Sizing and Forecast
The green building market size has grown strongly in recent years. It will grow from $537.94 billion in 2023 to $588.37 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to increasing awareness of climate change and environmental sustainability, rising adoption of green building practices, promotion in eco-friendly construction, rising energy costs and a focus on energy conservation encourage energy-efficient building designs, long-term operational cost reductions, automation for efficient building management.
The green building market size is expected to see strong growth in the next few years. It will grow to $851.01 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to growing concern about the environment, the introduction of rules and regulations to use eco-friendly materials and solutions, environmental benefits of sustainable building practices, positive impact on the health and well-being of the people, increasing government support for sustainable building practices. Major trends in the forecast period include efficient and innovative production processes, the issue green financing instruments, environmental and sustainable practices, renewable energy solutions, and technological innovations.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/green-building-global-market-report
Segmentation & Regional Insights
The green building market covered in this report is segmented –
1) By Product Type: Exterior Products, Interior Products, Building Systems, Solar Products, Other Product Types
2) By Application: Residential, Non-Residential Buildings
3) By End-Use: Roofing, Flooring, Insulation
North America was the largest region in the green building market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the green building market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14725&type=smp
Major Driver Impacting Market Growth
The rising interest in sustainable building practices is expected to propel the growth of the green building market going forward. Sustainable building practices involve designing, constructing, and operating buildings in an environmentally responsible and resource-efficient manner throughout their lifecycle. Sustainable building practices are on the rise due to growing environmental awareness, economic benefits for building owners, and regulatory requirements. Green buildings promote sustainable development by reducing resource consumption, minimizing pollution, and creating healthier and more resilient built environments for current and future generations. For instance, in February 2024, according to the US Green Building Council, a US-based non-profit organization, in 2023, there was a 9% surge in LEED (Leadership in Energy and Environmental Design), the most widely used green building rating system in the world, certifications compared to the preceding year, accompanied by an additional 21 LEED certifications for single-family homes in the residential sector. Moreover, there was a remarkable 51% uptick in new LEED project registrations during the same period. Therefore, rising interest in sustainable building practices is driving the growth of the green building market.
Key Industry Players
Major companies operating in the green building market are Robert Bosch GmbH, BASF SE, Siemens AG, General Electric Company, Raytheon Technologies Corporation, Panasonic Corporation, LG Electronics Inc., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Daikin Industries Ltd., Johnson Controls International plc, CEMEX S.A.B. de C.V., DuPont de Nemours Inc., Owens Corning, Kingspan Group plc, Signify N.V., Binderholz GmbH, Forbo International SA, Interface Inc., Alumasc Group plc, Amvik Systems Inc., Bauder Ltd., Plastiblok Ltd.
The green building market report table of contents includes:
1. Executive Summary
2. Green Building Market Characteristics
3. Green Building Market Trends And Strategies
4. Green Building Market - Macro Economic Scenario
5. Global Green Building Market Size and Growth
.....
32. Global Green Building Market Competitive Benchmarking
33. Global Green Building Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Green Building Market
35. Green Building Market Future Outlook and Potential Analysis
36. Appendix
Explore the trending research reports from TBRC:
https://www.thebusinessresearchcompany.com/report/microgreens-global-market-report
https://www.thebusinessresearchcompany.com/report/green-data-center-global-market-report
https://www.thebusinessresearchcompany.com/report/green-hydrogen-market
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
