Allied Market Research

2024

Non-residential Green Building Market

Non-residential Green Building Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product Type and, by Application Type : Global Opportunity Analysis and Industry Forecast, 2023-2032

CM : Residential Construction and Improvement

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Author's: | Sonia Mutreja
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The non-residential green buildings are environment friendly and promote sustainability, allowing ample energy savings. The market is projected to grow at a promising rate in the upcoming years. A low-cost and safe option and the surge in demand for the non-residential green building market from varied application segments are estimated to safeguard the expansion of the market during the forecast period. Modernization and infrastructural development across the globe is estimated to be the greatest factor which is counting for environmental and climate purification which is coupled with the non-residential green building market.

Market Scope and Structure Analysis

Non-residential green buildings are constructed, designed, and operated in such a way which have minimal or negative impacts on environmental climate and has positive impacts by preserving natural resources and also improve the life quality.

The criteria which make a non-residential building 'green' are the efficient use of energy, water, and other resources. The use of renewable energy such as solar energy, pollution, and waste reduction measure, enabling re-use and recycling are some other features of non-residential green buildings.

COVID-19 Impact Analysis

  • COVID-19 pandemic has shut down a large number of construction sites, power plants, chemical storage industry, technology advancement companies, and others. This has hampered the growth of the non-residential green building market in the last few months and is likely to continue during 2021.
  • COVID-19 has already affected the sales of non-residential green buildings. The first quarter of 2021 and is anticipated to weaken the market growth throughout the year.
  • The major demand for nonresidential green building was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the pandemic, thereby declining the demand for services for cold planers.
  • Further, the potential impact of the lockdown is currently vague and the financial recovery of companies is based on its cash reserves. Key players of the market are expected to afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their service activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis
  • The nonresidential green building market is expected to focus on protecting its workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.

Top Impacting Factors

One of the important drivers of non-residential green building is urbanization, economic growth, and surge in population and employment across the globe. Decreased availability of resources and lack of knowledge hinder the market growth.

Market Trends

  • A new format of design is trending in the non-residential green building market which is known as Biomimicry, which is the concept of copying designs and innovations found in nature. For instance, the East gate Centre in Harare, Zimbabwe is a shopping center that has mimicked strategies used by termites in termite mounds for temperature control.
  • Certified green buildings consume about 90% less energy than conventional buildings. As a newly introduced green home certification program, Passive House Certification is now being widely used in the form of financial incentives that help legitimize it for both homeowners and builders.
  • The key players such as HOCHTIEF AG, AECOM, Skanska Group, Clark Construction Group, LLC, Obayashi Corporation, Lendlease Corporation, and others arrange workshops for the workforce to educate them about the new trends in the non-residential green building market.

Key Benefits of the Report

  • This study presents the analytical depiction of the nonresidential green building market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the residential green building market share.
  • The current market is quantitatively analyzed to highlight the nonresidential green building market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed nonresidential green building market analysis based on competitive intensity and how the competition will take shape in the coming years.

Non-residential Green Building Market Report Highlights

Aspects Details
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By Product Type
  • Exterior Products
  • Interior Products
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By Application Type
  • Retail And Other Commercial Buildings
  • Office Buildings
  • Healthcare Buildings
  • Education Buildings
  • Hospitality And Restaurant Buildings
  • Factory Building
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Skanska Group, Lendlease Corporation, AECOM, HOCHTIEF AG, Swinerton Incorporated, Clark Construction Group, LLC, Clayco, Inc., Hensel Phelps, Gilbane Building Company, Obayashi Corporation

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Non-residential Green Building Market

Global Opportunity Analysis and Industry Forecast, 2023-2032