Net-Zero Energy Buildings Market Trends

Growth Drivers

• Increasing Government Initiatives to Reduce Carbon Emissions - Net zero energy buildings requires very little energy which can be produced using renewable sources like solar energy and wind energy. With the rise in population, the rate of carbon emission is increasing gradually leading to various environmental changes. As a result, the government has introduced various initiatives to reduce carbon emissions. For instance, The European Union’s 2023 revision of the Energy Performance of Buildings Directive (EPBD) objective is to achieve a neutral climate in the construction sector by the year 2050 by involving zero emissions for all new buildings that are being constructed for the public sector from the year 2026 and all new buildings from 2028 and to tighten the standards for buildings which are already there over time.  
• Growing Environmental Awareness - The most important thing that can be done to reduce energy consumption, pollution, and emissions are involvement of people and knowledge-sharing. The process begins with participation and providing the right information, giving them more knowledge about the consequences of carbon emission and how it’s deteriorating the environment. People started adopting net zero buildings as they are becoming more aware of the effects carbon emissions are leading to and how net zero buildings can lead to sustainable development.
• Increasing Intent in Energy Efficient and Sustainability - Sustainable development is a strategy that doesn’t compromise the environment’s quality for future generations. Using energy efficiently and encouraging less environmentally harming development. As a result, net zero buildings are becoming more popular and can serve this purpose successfully, and while utilizing renewable sources, the rate of consumption should not surpass the rate of production.

Challenges

• Very Slow Adoption of the Concept - People not being familiar with the concept of net zero buildings can be a major issue for market downfall. Awareness among people about the reason behind the construction of net zero buildings and the efficient use of energy with minimal carbon emission can protect the environment. If people start adapting this concept and become aware of how net zero buildings can be cost and time-efficient, the market rate will start increasing gradually
• The requirement of large initial investment can pose a threat to the net zero energy buildings market. The construction of net zero buildings requires huge capital.
• Low conversion capacity of solar photovoltaic cell