Green Technology in Construction Market Size is predicted to advance at a 8.2% CAGR during the forecast period for 2024-2031.
Green technology in the construction industry focuses on creating environmentally friendly and resource-efficient buildings and infrastructure. Green technologies describe environmentally friendly building solutions contributing to social and economic sustainability. The creation of energy from renewable sources is an alternative to fossil fuels, known to be destructive to the environment. This is why this solution is also called clean technology. In addition to reversing environmental damage, maintaining the environment is the primary objective of green technology. Green construction aims to minimize post-construction water, energy, and material use.
Additionally, it constructs zero-energy houses with reduced environmental impacts due to the utilization of sophisticated energy-saving technologies. Furthermore, Green building materials are becoming more popular as an alternative to conventional building supplies, which is expected to expand the market. The materials help mitigate climate change by lowering their carbon footprints. These materials are cost-effective and easy to maintain because they are energy-efficient and environmentally friendly. Compared to more conventional building materials, these advantages make them the clear winner.
However, the market growth is hampered by the high-cost criteria for the safety and health of Green Technology in the Construction Market and the product's inability to prevent fog in environments with dramatic temperature fluctuations or high green technology in construction because materials price fluctuations caused by rising demand from, and the relationship between supply and demand end-use industries are expected to limit market expansion. Compared to more conventional construction materials, these are more costly. Their prices can change based on designs, finishes, and fittings. The long-term benefits of green construction justify these materials' high initial investment prices. The COVID-19 pandemic severely affected the building industry and the economy as a whole. As a result of the pandemic, the building industry went through its darkest hour in the previous several decades. Construction projects worldwide have been halted or postponed due to a lack of available supplies, difficulties with logistics, an inadequate labour force, and general unpredictability.
The green technology in the construction market is segmented based on type and application. Based on type, the market is segmented into HVAC Products and Water Solutions. As per the application segment, the market is categorised into Non-residential and Residential. Non-residential segment comprises Commercial & Office, Institutional, Industrial and Hospitality & Leisure.
Water Solutions' green technology in the construction market is expected to lead with a major global market share. Purifying water is a crucial step toward a sustainable future. Disease prevention, wildlife and plant protection, and trash and recycling reduction are all benefits. Water treatment is necessary to ensure the safety of humans and other animals.
The non-residential industry makes up the bulk of acrylic acid ester usage because long-term, environmentally conscious solutions are in high demand. Non-residential construction enterprises should prioritize sustainable design and building practices to maximize our planet's limited resources. Sustainable business practices are crucial to promote green building, energy savings, and resource protection, especially in countries like the US, Germany, the UK, China, and India.
The North American green technology in the construction market is expected to register a large market share in revenue in the near future. It can be attributed to the growing need for it in a wide range of construction, roofing, insulation, and other materials used in homes, businesses, and public buildings. In addition, Asia Pacific is estimated to grow rapidly in the global green technology construction market because of new low- and high-rise residential buildings, the remodelling of current buildings, and the building of brand-new industrial buildings.
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Report Attribute |
Specifications |
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Growth Rate CAGR |
CAGR of 8.2 % from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, Application |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
GE, Siemens, Holcim Group, Johns Manville Corporation, Knauf, Kingspan Group, Alumasc Group, Saint-Gobain, Andersen Corporation, Koch Industries, Interface Inc., LG Hausys, Ltd., Lixil Group, Norbord Inc., Owens Corning and other prominent players. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Green Technology in Construction Market Snapshot
Chapter 4. Global Green Technology in Construction Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Type Estimates & Trend Analysis
5.1. by Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Type;
5.2.1. HVAC Products
5.2.2. Water Solutions
Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis
6.1. by Application & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:
6.2.1. Non-residential
6.2.2. Residential
Chapter 7. Green Technology in Construction Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Green Technology in Construction Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.1.2. North America Green Technology in Construction Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.1.3. North America Green Technology in Construction Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.2. Europe
7.2.1. Europe Green Technology in Construction Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.2.2. Europe Green Technology in Construction Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
Europe Green Technology in Construction Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.3. Asia Pacific
7.3.1. Asia Pacific Green Technology in Construction Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.3.2. Asia Pacific Green Technology in Construction Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.3.3. Asia Pacific Green Technology in Construction Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.4. Latin America
7.4.1. Latin America Green Technology in Construction Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.4.2. Latin America Green Technology in Construction Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.4.3. Latin America Green Technology in Construction Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
7.5. Middle East & Africa
7.5.1. Middle East & Africa Green Technology in Construction Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
7.5.2. Middle East & Africa Green Technology in Construction Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
7.5.3. Middle East & Africa Green Technology in Construction Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. GE
8.2.2. Siemens
8.2.3. Holcim Group
8.2.4. Johns Manville Corporation
8.2.5. Knauf
8.2.6. Kingspan Group
8.2.7. Alumasc Group
8.2.8. Saint-Gobain
8.2.9. Andersen Corporation
8.2.10. Koch Industries
8.2.11. Interface Inc
8.2.12. LG Hausys, Ltd
8.2.13. Lixil Group
8.2.14. Norbord Inc
8.2.15. Owens Corning
Green Technology in Construction Market By Type-
Green Technology in Construction Market By Application-
Green Technology in Construction Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
