Efforts to Reduce Greenhouse Gas Emission Accelerating Net-Zero Energy Buildings Market Growth

Zero-energy buildings combine renewable energy generation and energy efficiency to consume only as much energy as can be produced onsite using renewable resources over a certain length of time. Zero energy is a lofty but increasingly attainable aim that is gaining traction across geographic regions and markets. The goal of a net-zero energy building is to achieve zero net consumption, which means that the entire quantity of energy consumed annually should roughly match the amount of renewable energy generated on-site. The development of these structures has risen in popularity in recent years as a result of their major contribution to lowering greenhouse gas emissions.
 
As per the latest report of Polaris Market Research, the global net-zero energy buildings market is estimated to grow significantly at a CAGR of 29.5%. Several net-zero energy building (ZEB) pilots have been built around the world to demonstrate breakthrough technology solutions and create high-performance structures in a variety of residential and commercial settings, including corporate headquarters, government buildings, and residential complexes. Because of the government's objectives for energy efficiency and the increased demand for NZEBs to reduce greenhouse gas (GHG) emissions, the net-zero energy building market is expanding. NZEB refers to a building that has zero net energy consumption, meaning that all of the energy it uses is generated on-site from renewable sources.
 
The global net-zero energy buildings market has been driven by favorable government laws and rising environmental concerns around the world. In recent years, ZEBs have emerged as the most preferred choice for green building construction and restoration. Growing environmental concerns, decreasing fuel resources, and the growing desire to cut energy usage all contribute to the market's growth. Vendor investments in technological breakthroughs, as well as research & development, are boosting the market growth. Net-zero energy buildings are being used by commercial structures such as manufacturing facilities, offices, and institutes to reduce energy consumption.

The United States will lead the market for net-zero energy buildings in North America. The ZEBs market will be boosted significantly by favorable government policies and increased investments in environmentally friendly development in the country. The rapidly growing construction industry in the Asia Pacific offers lucrative potential for the zero net energy building market to grow. Because of the large number of structures being built in urban areas, the government must take big efforts and implement cutting-edge technology to minimize energy consumption and, as a result, contribute less to the world's rising carbon footprint. As a result, the net-zero energy buildings market is expected to grow significantly.
 
On the other side, the European Union (EU) has agreed to set intermediate-term energy reduction targets in commercial, residential, and government buildings, which is accelerating the demand for ZEBs. The increased awareness of the importance of creating a clean and green environment and reducing carbon emissions is projected to be a major driver of regional market expansion.

The well-established companies that dominated the global net-zero energy buildings market are Altura Associates, Inc., Schneider Electric, Siemens AG, SunPower Corporation, Integrated Environmental Solutions (IES) Limited, General Electric, Kingspan Group plc., Sage Electrochromics, Inc., and among others. These companies following strategies such as collaborations and new product offerings to meet the continuously changing consumer requirements. These strategies have helped them to gain a competitive advantage and improve their market position.