29th
October 2018 - Global
Energy Efficient Construction Market is anticipated to grow at a significant
CAGR in the forthcoming period. Construction and real estate sector has been a
booming business all over the globe which is also subjective for optimum use of
resources used in construction. Energy efficiency is becoming an increasingly
important in the building industry and as a result the contingencies need to be
addressed for prospects who look for cost-effective and energy-efficient
solutions to building and construction challenges. Third-party certification
plays an important role that also account for establishing energy parameters
for construction industry in terms of energy efficiency and energy
conservation.
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Key components coming under energy-efficient construction include LED
lights, HVAC and solar power. HVAC systems are expected to be one of the hot
segment and favorable for market growth. Solar power installations in
hospitals, hotels and offices are also expected to add to the growth of energy
efficient construction market. Driving factors responsible for the growth of
energy efficient construction market includes growing needs to eliminate carbon
emission and regulate capital in an appropriate way among public and private
sector. Additionally, this technology enables gas emission & pollution and
helps individuals and organizations to lessen operational cost and attain
maximum benefits. Also, LED lights are the most suitable alternative for
fluorescent lights & bulbs thus adding to the growth of energy efficient
construction market.
Geographically, energy efficient construction market spans North America,
Latin America, Europe, Asia-Pacific, Middle-East and Africa. APAC market is
anticipated to grow at a higher CAGR in the forthcoming period owing to rapid
industrialization and growth in power consumption. India and China is likely to
gain a positive traction due to the dense population and establishment of
manufacturing plant setup. The Key players in the energy efficient construction
market include Daikin, Honeywell, Hitachi Group, Johnson Controls, Mitsubishi
Electric, Schneider Electric, Philips, OSRAM, Trane, Siemens Ameresco, CBRE,
Azbil, Danfoss, Cofely (GDF Suez), JLL, EON, NTT Facilities, and LG Electronics.
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