Global Green Technology Market in Construction Industry 2017-2021

Green construction industry outlook

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.

Green technology market size: Competitive landscape and key vendors  

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

• GE
• Siemens
• aleo
• Spruce Finance

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.

Green technology market: Segmentation and analysis by end-user

• Non-residential
• Residential

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.

Green technology industry in construction industry: Segmentation and analysis by product

• HVAC products
• Water solutions

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global green technology market in construction industry ?
• What are the key market trends impacting the growth of the global green technology market in construction industry?
• What are the challenges to market growth?
• Who are the key vendors in the global green technology market in construction industry?
• What are the market opportunities and threats faced by the vendors in the global green technology market in construction industry?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global green technology market in construction industry?

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