A new study by Boulder, Colo.-based Navigant Research projects that public- and private-sector efforts to lower the carbon footprint of new and renovated commercial and residential structures will boost the annual revenue generated by commercial and residential zero energy buildings (ZEBs) over the next 20 years by 122.5%, to $1.4 trillion.
This study cites the lack of unified standards bodies as a barrier to the growth of ZEBs. It forecasts revenues for six product and service categories—lighting, walls and roofing, HVAC, glazing, renewable energy, and soft costs—by geographic and national regions, with specific emphasis in the U.S. on California and Massachusetts.
“The global zero energy building market has many pockets of potential growth, but challenges remain in defining what exactly a ZEB is, as well as raising awareness of the increasing accessibility of these solutions,” said Noah Goldstein, research director with Navigant Research. “The strongest driver for this market is regulation, as policies like the European Union’s Energy Performance of Buildings Directive and California’s evolving Title 24 building code bring ZEB markets into being for new commercial, new residential, and retrofitted commercial spaces.”
The technology and equipment associated with the building envelope are developing rapidly, reducing the soft costs associated with ZEBs, according to the report. New developments in building envelope materials, along with innovative manufacturing techniques for windows and glazing, should help lower the energy use intensity of buildings. This focus on improved envelopes is expected to aid the greater building ecosystem, reducing energy costs for non-ZEBs, as well.
Related Stories
Steel Buildings | Feb 10, 2015
Korean researchers discover 'super steel'
The new alloy makes steel as strong as titanium.
Architects | Feb 9, 2015
The generalist architect vs. the specialist architect
The corporate world today quite often insists on hiring specialists, but the generalists have an intrinsic quality to adapt to new horizons or even cultural shifts in the market, writes SRG Partnership's Gary Harris.
Museums | Feb 9, 2015
Herzog & de Meuron's M+ museum begins construction in Hong Kong
When completed, M+ will be one of the first buildings in the Foster + Partners-planned West Kowloon Cultural District.
Multifamily Housing | Feb 9, 2015
GSEs and their lenders were active on the multifamily front in 2014
Fannie Mae and Freddie Mac securitized more than $57 billion for 850,000-plus units.
BIM and Information Technology | Feb 8, 2015
BIM for safety: How to use BIM/VDC tools to prevent injuries on the job site
Gilbane, Southland Industries, Tocci, and Turner are among the firms to incorporate advanced 4D BIM safety assessment and planning on projects.
Museums | Feb 6, 2015
Tacoma Art Museum's new wing features sun screens that operate like railroad box car doors
The 16-foot-tall screens, operated by a hand wheel, roll like box car doors across the façade and interlace with a set of fixed screens.
Office Buildings | Feb 6, 2015
6 factors steering workplace design at financial services firms
Grossly underutilized space and a lack of a mobility strategy are among the trends identified by HOK based on its research of 11 top-tier financial services firms.
Cultural Facilities | Feb 6, 2015
Architects look to ‘activate’ vacant block in San Diego with shipping container-based park
A team of alumni from the NewSchool of Architecture and Design in San Diego has taken over a 28,500-sf empty city block in that metro to create what they hope will be a revenue-generating urban park.
Multifamily Housing | Feb 6, 2015
Fannie Mae to offer lower interest rates to LEED-certified multifamily properties
For certified properties, Fannie Mae is now granting a 10 basis point reduction in the interest rate of a multifamily refinance, acquisition, or supplemental mortgage loan.
Airports | Feb 6, 2015
Zaha Hadid-designed terminal in Beijing will be world’s largest
The terminal will accommodate 45 million passengers per year, and will be a hub for both air and rail travel.