DUBLIN, March 28, 2023 /PRNewswire/ — The Nonresidential Green Buildings Global Market Report 2023 has been added to ResearchAndMarkets.com’s offering.
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The global non-residential green building market will continue to grow $921.65 billion 2022 to $1,034.1 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The non-residential green building market is expected to grow $1,644.71 billion in 2027 at a CAGR of 12.3%.
Market value includes the value of related goods sold by the service provider or included in the service offering. Only goods and services traded between businesses or sold to end consumers are included.
Asia Pacific is the largest region in the non-residential green building market in 2022. Eastern Europe is expected to be the fastest growing region during the forecast period. Regions Covered in Non-Residential Green Buildings Market Report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, middle East And Africa.
The main product types of green non-residential buildings are indoor products and outdoor products. Interior products are eco-friendly natural materials, including natural clay plaster, natural fiber flooring, paperless drywall, and low-VOC paints and coatings that are replacing synthetic materials in the interiors of green buildings. The main components include roofing, insulation, framing, siding, interior finishing and others, and are used in office, education, hotel and restaurant, retail, institutional/assembly, healthcare and warehouse.
An increasing need for sustainable and green solutions has contributed to the growth of the non-residential green building market. According to the USGBC (US Green Building Council) report, green buildings can reduce carbon emissions by 34% and use 25% less energy than traditional buildings.
It is now essential for commercial construction companies to prioritize sustainable design and construction techniques in order to make good use of our planet’s finite resources. Promoting sustainable business practices is an important reason for green building in most countries to save energy and protect natural resources. In addition, increasing concerns about global warming led to sustainable and green activities, which increased the demand for green non-residential hardware stores.
Concerns over affordability and the perception that green is for high-end projects is expected to limit the growth of the non-residential green building market. It is associated with high-end projects, a perception that is increasing around the world. Declining affordability due to an increasing perception that green is for high-end projects is limiting the growth of the market.
Green buildings are increasingly using living roofs or green roofs. A green roof is a roof of a building covered with vegetation and soil or growing medium planted over a waterproof membrane. Green roofs last longer compared to traditional roofs.
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You also reduce energy costs with natural insulation; Reduce temperatures (heat and cold) by absorbing and trapping them; reduce stormwater runoff; Filter pollutants and carbon dioxide from the air; and to increase wildlife habitat in built-up areas. It is estimated that 8% of the city’s roofs need to be greener to reduce the city’s ambient temperature by 2%.
In the USAaround 25 cities have some kind of green roof promotion program, and in Portland, Ore., 100% of the roofs of downtown buildings larger than 20,000 square feet (with some exceptions) must be covered with vegetation. Therefore, green roofs are an emerging trend in the non-residential green building market.
The Countries Covered in Non-Residential Green Buildings Market Report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South KoreaGreat Britain and USA.
A selection of the companies mentioned in this report includes
Main topics covered:
1. Summary
2. Characteristics of the non-residential green building market
3. Green Buildings for Commercial Purposes Market Trends and Strategies
4. Commercial Green Buildings Market – Macroeconomic Scenario
4.1 Impact of COVID-19 on Non-Residential Buildings Market
4.2 Effects of the war between Ukraine and Russia on the green commercial buildings market
4.3 Effects of high inflation on the non-residential building market
5. Green Buildings for Commercial Use Market size and growth
5.1. Global Commercial Green Buildings Historical Market, 2017-2022, billion US$
5.1.1. drivers of the market
5.1.2. restrictions in the market
5.2. Global Commercial Green Building Forecast Market, 2022-2027F, 2032F, Billion US$
5.2.1. drivers of the market
5.2.2. restrictions in the market
6. Green Buildings for Commercial Purposes Market Segmentation
6.1. Global Commercial Green Buildings Market Segmentation by Product, Historical & Forecast, 2017-2022, 2022-2027F, 2032F, US$ Billion
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Indoor products
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exterior products
6.2. Global Commercial Green Buildings Market Segmentation by Application, History and Forecast, 2017-2022, 2022-2027F, 2032F, US$ Billion
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Office
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Training
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hotels and restaurants
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retail trade
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institution/ assembly
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healthcare
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warehouse
6.3. Global Commercial Green Buildings Market, Segmentation by Component, Historical & Forecast, 2017-2022, 2022-2027F, 2032F, Billion US$
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canopy
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insulation
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framing
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outer lining
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interior design
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other components
7. Regional and country analysis of Green Buildings for Commercial Purposes Market
7.1. Global Commercial Green Buildings Market Split by Region, Historical and Forecast, 2017-2022, 2022-2027F, 2032F, Billion US$
7.2. Global Commercial Green Buildings Market Split by Country, Historical and Forecast, 2017-2022, 2022-2027F, 2032F, Billion US$
For more information about this report, visit https://www.researchandmarkets.com/r/te5st2
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