Zero-Energy Building (ZEB) Market Size, Share, Growth, And Industry Analysis, By Type (Lighting, Walls & Roofs, HVAC Systems and Others), By Application (Commercial and Residential), Regional Forecast to 2028

Report Overview

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The global zero-energy building (ZEB) market size was USD 27.59 billion in 2022. The global COVID-19 pandemic has been unprecedented and staggering, with the zero-energy building (ZEB) market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to reach USD 96.44 billion in 2028, exhibiting a CAGR of 23.2% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A zero-energy building, also referred to as a zero net energy building (ZNE building), net-zero energy building (NZEB), or net zero building, is one that has zero net energy usage, which means that the quantity of energy used by the building annually is approximately equivalent to the amount of renewable energy generated on the location, or in other interpretations by renewable energy sources somewhere else. Therefore, compared to equivalent non-ZNE buildings, these structures produce fewer greenhouse gasses overall. There are occasions when they do utilize non-renewable energy and emit greenhouse gasses, but there are other times when they offset that by reducing energy use and greenhouse gas output elsewhere. There are various sub sectors of the Zero-Energy Building (ZEB) sector, including Lighting, HVAC Systems, Walls & Roofs, and others

For a variety of reasons, the zero-energy building (ZEB) industry is expanding. Growing worry over changing climate and the requirement to reduce emissions of greenhouse gasses is one of the causes. Government regulations and policies are also helping to promote this business. Additionally, the market is expanding as a result of consumers, businesses, and organizations becoming more aware of and demanding sustainable structures.

COVID-19 Impact: Stop in Construction Work Temporarily Impeded the Market’s Expansion

The COVID-19 pandemic had a detrimental effect on the market for zero-energy buildings since it caused a stop in construction work across several nations, which might have temporarily impeded the market's expansion. Governments all across the world have enacted policies and stimulus packages to help their economies recover. Some of these programmes provided money and incentives for eco-friendly construction projects and renewable energy initiatives that would help the ZEB market.

Latest Trends

"Improvements in Energy-Efficient Construction Materials aid in Lowering the Energy Consumption of Buildings"

Significant progress has been made in the creation of energy-efficient construction materials, which aid in lowering the energy consumption of buildings. Illustrations of these materials are insulated concrete blocks and structural insulated panels. In addition, advanced building automation technologies, smart grid technology, and storage systems for energy are allowing complexes to produce and retain their own energy.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into Lighting, Walls & Roofs, HVAC Systems and Others

• By Application Analysis

Based on application, the market can be divided into Commercial and Residential

Driving Factors

"Growing Environmental Concerns and Rising Government Regulations are Expanding the Sector"

The sector is expanding on account of the need to minimize greenhouse gas emissions and global warming. ZEBs are regarded as one of the best methods for lowering energy use and emissions from residences, which are a major source of greenhouse gasses. in addition, governments all across the world are encouraging the use of zero-energy building (ZEB) through regulations and incentives including tax credits, loans, and subsidies for energy-efficient structures. Many nations have adopted laws and policies to promote the development of energy-efficient structures as well as their retrofitting, and many have set high goals for decreasing energy use and emissions.

"Increasing Demand for Sustainable Buildings is Giving Rise to Technologically Advanced Building Materials"

Buildings that are sustainable are becoming more and more popular with customers, companies, and organizations. Buildings that are energy-efficient are being built and retrofitted as a top priority by many businesses as they make commitments to lessening their negative environmental effects. Zero-energy building (ZEB) are becoming increasingly practical and affordable as a result of developments in building materials, technology, and sources of renewable energy including solar and wind power. Building automation technology, smart grid technologies, and storage systems for energy are getting more advanced, allowing buildings to produce and retain their own energy.

Restraining Factors

"Limited Availability of Skilled Labor and Lack of Awareness act as Obstacles in the Expansion of the Industry  "

It could be challenging to get widespread acceptance since designers, contractors, and developers might not be conscious of or comprehend the advantages of ZEBs. Additionally, it is difficult to find qualified experts with expertise in designing and constructing ZEBs. Developing, designing, and building ZEBs may become difficult as a result. These factors might hinder the zero-energy building (ZEB) market growth during the anticipated period.

Regional Insights

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"Implementation of Laws to Promote Development of Energy-Efficient Structures is Propelling the Regional Market"

In terms of zero-energy building (ZEB) market share, North America was in first place regionally as of 2021. Promoter and implementer of energy-efficient construction laws and regulations, North American nations have been at the forefront. Numerous nations in the region have established challenging goals for cutting energy use and emissions, and they have also implemented laws and incentives to promote the development of new energy-efficient structures and their retrofitting. Furthermore, this region has a long history of using renewable energy, primarily solar and wind which makes it easier to incorporate these sources into structures.

Key Industry Players

"Key Players Focus on Technological Advances to Appeal to a Wider Range of Customers"

There are numerous major players who are participating in the zero-energy building (ZEB) industry. These important stakeholders are working to create and put into practise technological advances, construction and design techniques, and funding strategies to increase the viability, affordability, and accessibility of ZEBs to a larger variety of customers. In order to encourage the utilization of their products and remain ahead of their rivals, the participants also engage in other forms of promotion.

List of Market Players Profiled

• Kingspan Group plc (Ireland)
• Canadian Solar (Canada)
• Johnson Controls International (Ireland)
• Daikin Industries (Japan)
• AGC (Japan)
• Schneider Electric (France)
• Trane (Ireland)
• SunPower Corporation (U.S.)
• Honeywell International (U.S.)
• Sage Electrochromics (U.S.)
• IES ( (India)
• Solatube International (U.S.)

Report Coverage

This report covers the zero-energy building (ZEB) market. The CAGR expected to be in during the forecast period, and also the USD value in 2022 and what it is expected to be in 2028. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.