The worldwide revenue from zero energy building (ZEB) is expected to grow from $629 million annually in 2014 to more than $1.4 trillion in 2035, according to a new report from Navigant Research.
ZEB solutions are pursued by governments, corporations, and home-builders aiming to reduce energy costs and minimize the carbon footprint. ZEBs coordinate existing energy efficient technologies to form a high-performance building.
The global ZEB market has many potential growth opportunities.
For, ZEB, the strong driver for this market is regulation and policies like the European Union’s Energy Performance of Buildings Directive and California’s evolving Title 24 building code that demands ZEB markets to be new commercial, residential, and retrofitted commercial spaces.
The technology and equipment associated with the building infrastructure are developing rapidly, reducing the related soft costs, according to the report.
New advances in building include materials, innovative manufacturing techniques like glazing and windows that help lower the energy use intensity of buildings.
This focus on improved additions will aid to create an ecosystem, reducing energy costs for non-ZEBs too.