Energy Efficient Building Market 2016 Share and Forecast Energy Efficient Building Market - Global Industry

Energy Effi cient Building Market - Global
Industry Analysis, Market Size, Share, Growth,
Trends and Forecast 2016 - 2024
Global Energy Efficient Building Market: Overview
Energy efficiency is a measure of how much of the available energy is put to use in
a given project. UN Secretary-General Ban Ki-moon has started the Sustainable
Energy program, with an aim to increase the global rate of improvement in energy
efficiency by 2030. Efficient buildings are important for achieving sustainable
development as they align social, economic and environmental objectives.
However, the scale and pace of ongoing actions around the world is insufficient to
convert buildings into an engine of the sustainable energy and efficient economy.
Government policies can propel the adoption of energy efficiency measures in
buildings.
The energy efficient building market can be segmented on the basis of residential,
commercial and industrial sector. Energy efficiency sector represents more than
USD 30 billion in potential energy savings in the commercial building sector alone.
Building consumes nearly 40 percent of global energy and it has a significant
burden on household and business budgets. Increasing energy productivity through
measures like building efficiency has the capability to decrease the growth of
energy demand in developing countries by more than half by 2020. By 2020, global
energy demand is forecasted to rise by 2.2 % every year and majority of the share
occupied by developing economies. Investments in building efficiency can free up
scarce resources for other purposes.
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efficient-building-market.html
Buildings require large quantities of raw materials such as water, energy and
construction materials that compete with various other sectors of the economy for
these scarce resources. The environmental impact can be minimized with energy
efficient buildings that reduce greenhouse gas emissions and are environmentally
sound while selection of the materials and waste management. In addition these
energy efficient buildings contribute to a better indoor and outdoor air quality
leading to healthy environment. Further, efficient buildings can improve the quality
of life of millions of people because they of improved comfort and proper
ventilation. Energy efficiency can stretch existing electricity resources further by
providing better energy access, reliability and security in remote areas.