![]() ![]() ![]() In addition, solar panels are considered a secure investment with maintenance, which in turn is predicted to boost the growth of the market segment in the future. This can be accounted to the fact that installing solar equipment is highly cost-effective, increases access to energy and reduces carbon footprint. The market is segmented by product type into exterior products, interior products, building systems, solar products and others, out of which, the solar products segment is anticipated to hold the largest share in the global green building market. Get more information on this report: Download Sample PDF Furthermore, low maintenance and operational costs of green buildings, and rising focus on emission free construction are projected to offer ample growth opportunities to the market in the near future. Along with these, governments of developed nations have introduced incentives and policies for the encouragement of green construction, which is also expected to accelerate market growth in the forthcoming years. Also, the total share of renewables in global electricity generation jumped to 29% in 2020, up from 27% in 2019. According to the International Energy Agency, the use of renewable energy increased by 3 percent in the year 2020. The growth of the market can be attributed to the growing emphasis on usage of renewable energy resources across the world, and rise in development of green building concept in several developed and developing regions. The global green building market is estimated to garner a hefty amount of revenue and grow at a CAGR of ~10% over the forecast period, i.e., 2022 – 2030. Green Building Market Highlights 2022 – 2030 The building uses ICF walls, concrete floors and solar panels, and eliminates hydro bills and feeds energy back into the grid. ![]() March 25, 2020- Amvik Systems launched their project named Pinnacle, which is a residential home with over 6,000 sq. ![]()
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February 2023
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