What is Zero emission building:
Zero emission building (ZEB) 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.
Efficiency of Zero
emission building:
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.
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.
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.
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Commercially,
the construction of zero emission buildings yields modern technology and right
use of energy. With lots of consumer awareness for environment and strict norms
for government, the global zero emission buildings market is anticipated to
grow at a higher CAGR during the forecast period.
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.
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What are the top
companies in the Zero emission building sector:
North
American market dominates the global market owing to stringent regulation on
carbon emission. Middle-East regions are expected to rise at a higher CAGR
during the forecast period owing to modern technology and rapid growth in
economy. African regions are anticipated to grow at a moderate CAGR owing to
rising infrastructural developments and ongoing technological developments in
urban parts of Africa. The key players in the global zero emission buildings
market include Integrated Environmental Solutions (IES), Johnson Controls, SageGlass,
Solatube, Integral Group, Kingspan, Lendlease and The Rockwool Group, Schneider
Electric, Siemens AG, ABB, Honeywell, and Pacific Controls.
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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