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Market research analysts at Technavio predict that the global green technology market in the construction industry will grow steadily at a CAGR of above 9% by 2021. This market research analysis identifies the improved maintenance of HVAC systems as one of the primary growth factors for this market. Owners of HVAC systems follow a systematic maintenance cycle based on the products they use. These maintenance cycles comprise of periodic cleaning involving trained personnel who effectively use technologies for the same. Periodic checking of thermostat settings and repairing faulty sensors will lead to significant energy savings. The regularity of cleaning depends on the application in residential or commercial buildings. These developments will contribute to the improved maintenance of HVAC systems.
EMEA accounted for the majority shares of the green technology market in construction industry during 2016 and the region is expected to continue its market dominance during the forecast period as well. The rising popularity of the green technology market in the construction industry due to strong government initiatives for the use of eco-friendly products will drive the market’s growth in this region.
The green technology market in the construction industry consists of well-diversified international and regional vendors. The competition among the key vendors is leading to the introduction of numerous advanced and innovative products. An increase in green product line extensions and technological innovations, will intensify the level of competition among the vendors.
The leading vendors in the market are
The other prominent vendors in the market are Vivint Solar, Inc., Trina Solar Limited, Eco-$mart, Inc, Aqualogic Inc, ALAN Manufacturing Inc, Trane Inc, JA Solar Holdings, Solar Spectrum, and RUUD.
During 2016, the residential segment accounted for the major shares of the green technology market in the construction industry. However, the non-residential segment is expected to dominate the market by 2021 and this will attribute to the rising interest in green technologies in the non-residential construction segments from developing countries such as India and China and the introduction of stringent regulations in the European countries.
According to this market research report, heating, ventilation, and air conditioning (HVAC) products accounted for the maximum shares during 2016. The increased utilization of HVAC products in the residential and commercial construction markets and the low cost for installation, will drive the growth of the segment in the coming years.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Market overview
PART 05: Market segment by end-users
PART 06: Market segmentation by product
PART 07: Geographic segmentation
PART 08: Key leading countries
PART 09: Decision Framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Other prominent vendors
PART 15: Appendix
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