Zero Emission Buildings Market is a residential or commercial building with significantly reduced energy needs through efficiency gains such that the balance of energy needs can be offered with renewable forms. On the basis of grid connectivity, the global zero emission buildings market is segmented into off grid and on grid zero emission buildings. Grid connected buildings revert surplus energy to the grid whereas off grid buildings preserve the surplus energy.
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The key driving factors responsible for the growth of Zero Emission
Buildings market :
Buildings possess a significant
effect on energy use and environment which sum up to more than 50% of energy
usage by commercial and residential buildings. Energy consumed by construction
sector continues to grow mainly because of new buildings are erected faster
than the old ones. Conceptually, zero emission buildings points towards
sustainable energy development with certain goals. The laid goals and the way
they are defined stand crucial to the design process.
At heart, a zero emission
building is an illustration that enables the buildings to meet energy
requirements from low-cost, locally available, non-polluting and renewable
sources. At a certain level, zero emission buildings generate ample of
renewable energy on site to equal or exceed its annual energy use. A grid
connection enables necessary energy balances typically using traditional energy
source such as electric and natural gas utilities when on-site generation does
not meet the loads. Thus, achieving a zero emission building without a grid is
impossible since the current generation of storage technologies stands limited.
The key driving factors
responsible for the zero emission buildings market includes stringent
government regulations to minimize fossil fuel dependency. Also, the
governments now encourage the deployment of greenhouse gas capture and storage
option. Additionally, inception of several schemes inclusive of financial assistance
schemes, tax benefit schemes and subsidies to endorse renewable energy source
which is anticipated to fuel the market growth during the forecast period.
On the basis of application, the
global zero emission buildings market is segmented into commercial, residential
and industrial zero emission buildings. Industrial segment is anticipated to
grow during the forecast period owing to rise in infrastructure costs. On the
basis of energy production technique, the global zero emission buildings
industry is segmented into photovaltics and hybrid zero emission buildings.
On the basis of geographic
segmentation, the global zero emission buildings market spans North America,
Latin America, Europe, Middle-East, Asia-Pacific and Africa. APAC regions are
anticipated to drive the market growth during the forecast period owing to rise
in electricity demand along with rapid industrialization. Regions such as
China, India, Singapore, Indonesia and Japan are the biggest spenders on
infrastructure.
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