Greentech Lead America: The market for building materials that boost energy efficiency will reach $16.5 billion in sales in 2017, according to Lux Research report, “Getting to Nearly-Zero Energy Buildings: Ambitious Targets, Modest Progress.”.
The market for green building materials is driven by the rising awareness of the impact of building energy consumption on climate change.
Europe currently leads the market for green building materials, but Asia-Pacific will catch up in 2017. Europe will garner a whopping 61 percent share of the energy-saving building envelope materials market. However, Asia-Pacific’s share of annual nNZEB installations will rise from 23 percent in 2012 to 39 percent in 2017 due to higher rates of new construction.
Floor space for net-zero energy buildings (NZEB) and especially nearly-zero energy buildings (nNZEB), will soar more than six-fold to 80 million m2 in 2017, according to Lux Research.
“A robust market is emerging despite the fact that no country will meet its 2017 targets for nNZEBs, on account of uncertain implementation plans of ambitious policy targets in the European Union and select countries in the Asia-Pacific region,” said Aditya Ranade, Lux Research senior analyst and the lead author of the report.
A few technologies will dominate materials markets in the near term. High-R value glazing and daylighting skylights together will account for 86 percent, or $14.2 billion, of the total market for building envelope materials. High-R value glazing alone will be worth $8.2 billion.
Implementation of these technologies is growing in commercial and institutional buildings. Of the total NZEB floor space, 93 percent is commercial and institutional buildings. However, in the number of projects, the residential segment fares a bit better, with a 35 percent market share.
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