Net-Zero Energy Buildings Market Share

North American Market Analysis

North America industry is expected to dominate majority revenue share of 46% by 2037, owing to the increasing government initiatives for environment conservation, along with high public awareness regarding carbon emission. For instance, In the United States, the American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE), published a report in 2023 where they mentioned the standard operations for zero net energy and zero net carbon standards for buildings operations. Moreover, the presence of major market players in the region, and the adoption of advanced technologies like super insulate and super seal, installing energy-efficient appliances, and using green construction technology are projected to fuel the regional market growth. Furthermore, the increasing preference to become energy-independent due to growing energy costs has led to a fast adoption of solar energy combined with energy storage devices in the region.

APAC Market Analysis

The Asia pacific net zero energy buildings market encounter a significant surge during the forecast period and grab the position of second largest with estimated share of 28% by the end of 2037 driven by the rapid adoption and construction of net zero energy buildings in the region. For instance, net zero energy buildings have been constructed in China in more than 5 million square meters of area in 2019. Over 18 projects in China had accomplished the development of super-low, close to-zero energy and far-zero energy utilization by the end of the same year. Moreover, as India targets accomplishing net zero by 2070, the nation needs to move center at different levels to accomplish the objective. Union Minister of Environment, Forest and Climate Change Bhupendra Yadav declared in February 2023, that the country was focused on cutting down carbon emissions by 45% by 2030 and arriving at net zero by 2070. This can only be achieved by focusing on the development of net zero energy buildings infrastructure.