Global Nonresidential Green Buildings Market Size, Drivers, Trends, Opportunities And Strategies – Includes Nonresidential Green Buildings Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
An increasing need for sustainable and eco-friendly solutions are expected to drive innovation in nonresidential green buildings manufacturing, thus driving the market during the forecast period.
The global nonresidential green buildings market is expected to grow from $921.65 billion in 2022 to $1,034.1 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The global non-residential green buildings market size is expected to grow to $1,644.71 billion in 2027 at a CAGR of 12.3%.
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Global Nonresidential Green Buildings Market Segments Include:
- By Product:Interior Products, Exterior Products
- By Application:Office, Education, Hotels and Restaurants, Retail, Institutional/ Assembly, Healthcare, Warehouse
- By Component:Roofing, Insulation, Framing, Exterior Siding, Interior Finishing, Other Components
- By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global nonresidential green buildings market in 2021.
Major Market Players in the nonresidential green buildings market include Turner Corp., Clark Construction, AECOM, Swinerton, Hensel Phelps, Skanska, Whiting-Turner Contracting Co., Holder Construction.
Living roofs, or green roofs, are increasingly being implemented in green buildings. A green roof is a roof of a building that is covered with vegetation and soil, or a growing medium, planted over a waterproofing membrane. Green roofs last longer when compared to conventional roofs. They also reduce energy costs with natural insulation; reduce temperatures (heat and cold) by absorbing and trapping them; reduce storm water runoff; filter pollutants and carbon dioxide out of the air; and increase wildlife habitat in built-up areas. It is believed that to reduce the ambient temperature of the city by 2%, 8% of the roofs in the city must be greener. In the USA, around 25 cities have some sort of programme to encourage green roofs, and in Portland, Ore., it is mandatory to have vegetation cover 100% of the roofs on buildings in the central city over 20,000 square feet (with some exceptions). Therefore, green roofs are an emerging trend in the non-residential green building market.
The Nonresidential Green Buildings Global Market Report 2023 provides a nonresidential green buildings market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The nonresidential green buildings market forecast analyzes nonresidential green buildings market size, nonresidential green buildings market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Non-residential green buildings construction is the process of building, altering, repairing, improving, or demolishing any non-residential housing structure which is built to be environmentally sustainable using a detailed design and plan.
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