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 renewable energy on-site to equal or exceed their annual energy use. A grid connection enables necessary energy balances typically using a traditional energy source such as electric and natural gas utilities when on-site generation does not meet the loads.
Commercially, the construction of zero-emission buildings yields modern technology and the right use of energy. With lots of consumer awareness for the environment and strict norms for the government, the global zero-emission buildings market is anticipated to grow at a higher CAGR during the forecast period.
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The key driving factors responsible for the zero-emission buildings market include stringent government regulations to minimize fossil fuel dependency. Also, the governments now encourage the deployment of greenhouse gas capture and storage option. Additionally, the inception of several schemes inclusive of financial assistance schemes, tax benefit schemes, and subsidies to endorse renewable energy sources is anticipated to fuel the market growth during the forecast period.
Based on application, the global zero-emission buildings market is segmented into commercial, residential, and industrial zero-emission buildings. The industrial segment is anticipated to grow during the forecast period owing to a rise in infrastructure costs. Based on energy production techniques, the global zero-emission buildings industry is segmented into photovoltaics and hybrid zero-emission buildings.
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