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.
Source : Transparency Market Research
Given that the residential sector takes 29 percent of electricity consumption, India is making efforts to promote more sustainable projects...