Net-Zero Energy Buildings Market Size

Net Zero Energy Buildings Market size is expected to reach USD 310 Billion by the end of 2036, growing at a CAGR of 24% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of net zero energy buildings was USD 48 Billion. Global warming is causing the rise in Earth’s temperature and globally, there has been a recent rise of 1.5 degrees Celsius which is resulting in various environmental issues like melting of polar ice caps, degraded air quality, and climatic changes. Moreover, increasing temperature encourages residential and commercial sectors to opt for net zero energy buildings. Construction of residential and commercial buildings holds a large share of energy because of the growing demands for services and human comfort, and it has been observed that 42% of the world’s annual carbon emissions are generated by this sector. Net zero buildings are highly energy efficient, and the energy required by buildings is derived by using renewable sources of energy. 

In addition to these, another factor that is believed to fuel the net zero energy buildings market growth of net zero energy buildings is the increasing population at a very fast pace, along with the future growth in the construction sector, which is anticipated to be aided by a considerable increase in population. According to recent reports, the global population is expected to reach 9 billion by 2036.