Asia Pacific Energy Efficient Construction Market is anticipated to witness high growth over 2019 – 2024

Global Energy Efficient Construction Market Report offers market size, share, overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.

Asia Pacific energy efficient building technologies market is anticipated to witness high growth owing to rapid industrialization and increase in power consumption. China and India is likely to be key contributing countries due to high population growth and large manufacturing plant set up.

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Saudi Arabia, Turkey, and Qatar are predicted to positively influence Middle East & Africa energy efficient construction market growth owing to increase in regional infrastructure spending. Countries with low capital such as Nigeria and Zimbabwe may witness sluggish growth due to high plant set up cost.

Energy efficient construction market size is forecast to grow owing to support from regional governments in the form of incentives and promoting the technology through prescriptive measures and building codes. Rise in electricity prices is driving organizations and governments to install new technologies to control & monitor electricity usage in buildings.

LED lights, HVAC systems, and solar power are the key product types. HVAC systems are expected to witness significant demand due to increase in trend for green technology and reducing operational cost. Energy efficient market size for these products is expected to surpass USD 7 billion during the forecast period.

Increase in need to reduce carbon emissions and mange capital in a strategic way among government and corporate sectors were among the key driving factors for energy efficient construction market size growth. This technology is the most suitable way to reduce greenhouse gas emission & pollution and allows individuals and organizations to reduce operational cost and attain long term benefits.

Energy efficient construction market share is competitive and fairly consolidated; major players include Daikin, Honeywell, Hitachi Group, Mitsubishi Electric, Johnson Controls, Philips, OSRAM, Schneider Electric, Trane, and Siemens. Other companies include Ameresco, CBRE, Azbil, Danfoss, Cofely (GDF Suez), JLL, E.ON, NTT Facilities, and LG Electronics.

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Applications can be bifurcated into homes, offices, institutional, and retail. Increase in consumer awareness pertaining to reducing electricity cost coupled with supportive government policies is likely to positively influence energy efficient construction market growth.

Major power consumption is noticed in offices owing to presence of electronic equipment. Need to reduce operational cost accompanied by long term benefits from energy efficient building technologies market products are anticipated to fuel demand.

Institutional segment consists of hospitals, hotels, and colleges. Urgency to attain sustainable power products coupled with supportive government subsidies and rebates is likely to drive application demand.

The retail sector requires more electricity in order to execute marketing techniques for better product visibility and to make the store more attractive. Growth in the retail segment owing to shift in consumer shopping behavior is likely to propel energy efficient construction market demand.

 

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