Author: Vikas Kumar
17 November 2023
The APAC market is expected to register the highest growth rate in the forecast period due to the rising prevalence of construction activities which is anticipated to fuel the market growth. The increasing concern to save the environment and increasing individual focus on sustainable development propelling the demand of green buildings.
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Further, the APAC Green Building Market is expected to grow at a strong CAGR of 6.4% during the forecast period (2023-20230). The growth is attributed to the increasing research and development in the Construction industry. Furthermore, Asia-Pacific garnered the highest share in the green building material market in 2022, in terms of revenue, and is anticipated to maintain its dominance during the forecast period. This is attributed to increase in construction activities in this region. Maintenance and repair activities increased in the construction industry in these regions owing to increase in government maintenance activities and initiatives, which further contributes significantly in the growth of green building materials market.
APAC Green Building Market Revenue (2020-2030) – USD Mn
Based on product type, the green building market is bifurcated into exterior and interior products. Exterior products which include water harvesting systems, solar systems, smart lighting systems, Heat ventilation air conditioning systems, and water treatment plants are the most important components and are extensively used in green buildings, therefore, make exterior sub-segment hold a lucrative market share.
Based on application, the market is sub-segmented into the residential and non-residential sectors. Of both, the residential sector holds a significant market share owing to strict and supporting government policies to promote less energy consumption by using smart technologies. Residential high-rise buildings have to follow strict government norms while constructing a building. However, with rapidly increasing industrialization nonresidential sector is likely to grow fastest during the forecast period
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Global Green Building Market Segmentation
Market Insight, by Product
Market Insights, by Application
Market Insight, by Region
Top Company Profiles
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