Green Building Global Market Report 2024

Description

Green building entails a comprehensive approach to the planning, construction, operation, and upkeep of buildings, emphasizing resource efficiency and environmental responsibility. Its core objective is to mitigate the adverse environmental impact of buildings while enhancing their positive contributions to the health and well-being of occupants and communities.

Green building products encompass a variety of categories including exterior products, interior products, building systems, solar products, and others. Exterior products in green buildings pertain to sustainable materials and technologies utilized for constructing and maintaining the building envelope. These solutions are geared towards optimizing energy efficiency and reducing environmental impact. They find application across residential and non-residential buildings, serving multiple purposes such as roofing, flooring, and insulation.

The green building research report is one of a series of new reports from The Business Research Company that provides green building market statistics, including the green building industry's global market size, regional shares, competitors with a green building market share, detailed green building market segments, market trends and opportunities, and any further data you may need to thrive in the green building industry. This green building market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The green building market size has grown strongly in recent years. It will grow from $537.94 billion in 2023 to $588.37 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth observed during the historical period can be attributed to several factors including the escalating awareness of climate change and environmental sustainability, an uptick in the adoption of green building practices, advocacy for eco-friendly construction methods, the surge in energy costs prompting a focus on energy conservation and efficient building designs, as well as the pursuit of long-term operational cost reductions. Additionally, the implementation of automation for efficient building management has contributed significantly to this growth trajectory.

The green building market size is expected to see strong growth in the next few years. It will grow to $851.01 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. Anticipated growth in the forecast period can be ascribed to a heightened concern for the environment, the implementation of regulations mandating the use of eco-friendly materials and solutions, and the recognition of the environmental benefits associated with sustainable building practices. Additionally, the positive impact on the health and well-being of individuals, coupled with increasing government backing for sustainable building initiatives, is expected to drive growth. Major trends projected for this period encompass the development of efficient and innovative production processes, the emergence of green financing instruments, the adoption of environmental and sustainable practices, the integration of renewable energy solutions, and the advancement of technological innovations in the sector.

The increasing interest in sustainable building practices is anticipated to drive growth in the green building market. Sustainable building practices encompass the design, construction, and operation of buildings in an environmentally responsible and resource-efficient manner throughout their lifecycle. This trend is fueled by heightened environmental awareness, economic advantages for building owners, and regulatory mandates. Green buildings contribute to sustainable development by curbing resource consumption, reducing pollution, and fostering healthier built environments for present and future generations. Notably, in February 2024, the US Green Building Council reported a 9% rise in LEED certifications in 2023 compared to the previous year, with an additional 21 certifications for single-family homes in the residential sector. Moreover, there was a noteworthy 51% increase in new LEED project registrations during the same period. Consequently, the increasing focus on sustainable construction methods is fueling the expansion of the green building industry.

Key players in the green building market are prioritizing innovative solutions, such as green concrete alternatives, to enhance sustainability and energy efficiency. Green concrete solutions offer environmentally sustainable substitutes to traditional concrete, aiming to cut carbon emissions, lower resource usage, and promote overall sustainability in construction. For instance, in January 2023, ACC Limited launched ACC ECOMaxX in India, marking a significant advancement in green concrete technology. This range boasts a substantial reduction-ranging from 30% to 100%-in embodied carbon content compared to ordinary Portland cement-based concrete. Leveraging Green Ready Mix Technology, these products can reduce CO2 emissions by up to 100%, while ensuring durability and impeccable finishing through innovative CO2-reduced binders and optimal mix formulations. ACC ECOMaxX meets the sustainable construction needs of various stakeholders, including contractors, developers, engineers, architects, and individual home builders.

In April 2023, SOCOTEC Consulting Inc., a US-based provider of testing, inspection, and certification (TIC) services for the building and infrastructure sectors, acquired Spinnaker Group LLC, a move aimed at bolstering its energy and sustainability consulting services. This strategic acquisition enhances SOCOTEC USA's capabilities in the field, underscoring its dedication to sustainable development. Spinnaker Group LLC specializes in green building communities and sustainable development, aligning well with SOCOTEC's objectives and expanding its footprint in the sustainable construction sector.

Major companies operating in the green building market are Robert Bosch GmbH, BASF SE, Siemens AG, General Electric Company, Raytheon Technologies Corporation, Panasonic Corporation, LG Electronics Inc., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Daikin Industries Ltd., Johnson Controls International plc, CEMEX S.A.B. de C.V., DuPont de Nemours Inc., Owens Corning, Kingspan Group plc, Signify N.V., Binderholz GmbH, Forbo International SA, Interface Inc., Alumasc Group plc, Amvik Systems Inc., Bauder Ltd., Plastiblok Ltd.

North America was the largest region in the green building market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the green building market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the green building market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The green building market consists of revenues earned by entities by providing services, such as green roofing and landscaping services, indoor air quality monitoring, and waste management and recycling services. The market value includes the value of related goods sold by the service provider or included within the service offering. The green building market also includes sales of solar panels, energy-efficient windows, low-flow plumbing fixtures, sustainable flooring, insulation materials, green roof systems, eco-friendly paints and coatings, and smart building technologies. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Including: 1) By Product Type: Exterior Products; Interior Products; Building Systems; Solar Products
2) By Application: Residential; Non-Residential Buildings
3) By End-Use: Roofing; Flooring; Insulation
Covering: Robert Bosch GmbH; BASF SE; Siemens AG; General Electric Company; Raytheon Technologies Corporation

Product Code: r17367

1. Executive Summary

2. Green Building Market Characteristics

3. Green Building Market Trends And Strategies

4. Green Building Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Green Building Market Size and Growth

5.1. Global Green Building Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Green Building Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Green Building Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Green Building Market Segmentation

6.1. Global Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Exterior Products
Interior Products
Building Systems
Solar Products
Other Products
6.2. Global Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Residential
Non-Residential Buildings
6.3. Global Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Roofing
Flooring
Insulation

7. Green Building Market Regional And Country Analysis

7.1. Global Green Building Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Green Building Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Green Building Market

8.1. Asia-Pacific Green Building Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Green Building Market

9.1. China Green Building Market Overview
9.2. China Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Green Building Market

10.1. India Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Green Building Market

11.1. Japan Green Building Market Overview
11.2. Japan Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Green Building Market

12.1. Australia Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Green Building Market

13.1. Indonesia Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Green Building Market

14.1. South Korea Green Building Market Overview
14.2. South Korea Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Green Building Market

15.1. Western Europe Green Building Market Overview
15.2. Western Europe Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Green Building Market

16.1. UK Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Green Building Market

17.1. Germany Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Green Building Market

18.1. France Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Green Building Market

19.1. Italy Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Green Building Market

20.1. Spain Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Green Building Market

21.1. Eastern Europe Green Building Market Overview
21.2. Eastern Europe Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Green Building Market

22.1. Russia Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Green Building Market

23.1. North America Green Building Market Overview
23.2. North America Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Green Building Market

24.1. USA Green Building Market Overview
24.2. USA Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Green Building Market

25.1. Canada Green Building Market Overview
25.2. Canada Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Green Building Market

26.1. South America Green Building Market Overview
26.2. South America Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Green Building Market

27.1. Brazil Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Green Building Market

28.1. Middle East Green Building Market Overview
28.2. Middle East Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Green Building Market

29.1. Africa Green Building Market Overview
29.2. Africa Green Building Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Green Building Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Green Building Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Green Building Market Competitive Landscape And Company Profiles

30.1. Green Building Market Competitive Landscape
30.2. Green Building Market Company Profiles
- 30.2.1. Robert Bosch GmbH
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. BASF SE
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Siemens AG
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. General Electric Company
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Raytheon Technologies Corporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Green Building Market Other Major And Innovative Companies

31.1. Panasonic Corporation
31.2. LG Electronics Inc.
31.3. International Business Machines Corporation
31.4. Cisco Systems Inc.
31.5. Oracle Corporation
31.6. Schneider Electric SE
31.7. Honeywell International Inc.
31.8. ABB Ltd.
31.9. Daikin Industries Ltd.
31.10. Johnson Controls International plc
31.11. CEMEX S.A.B. de C.V.
31.12. DuPont de Nemours Inc.
31.13. Owens Corning
31.14. Kingspan Group plc
31.15. Signify N.V.

32. Global Green Building Market Competitive Benchmarking

33. Global Green Building Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Green Building Market

35. Green Building Market Future Outlook and Potential Analysis

35.1 Green Building Market In 2028 - Countries Offering Most New Opportunities
35.2 Green Building Market In 2028 - Segments Offering Most New Opportunities
35.3 Green Building Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer