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
| May 24, 2013
First look: Revised plan for Amazon's Seattle HQ and 'biodome'
NBBJ has released renderings of a revised plan for Amazon's new three-block headquarters in Seattle. The proposal would replace a previously approved six-story office building with a three-unit "biodome."
| May 23, 2013
Supertall 'Sky City' will house 4,400 families in Changsha, China
Broad Sustainable Building has completed a long and arduous approval process, and is starting excavation and construction on Sky City in June, 2013. The proposed "world's tallest building" will be a mixed-use project that could accommodate life and work needs of up to 30,000 people.
| May 23, 2013
Are design-build contracts killing small architecture firms?
Are federal design-build contract laws unfair to small firms? AIA thinks so, citing an interesting fact: an architecture firm spends a median of $260,000 to compete for a design-build project.
| May 23, 2013
Is the 'bring your own device' discussion stumping your IT group?
A new twist to the communication challenge most companies and IT departments face is the “bring your own device,” or BYOD, conundrum. I call it a conundrum because it is stumping many IT professionals.
| May 23, 2013
Portland State University’s School of Architecture launches Center for Public Interest Design
Portland State University’s School of Architecture is proud to announce the launch of its new Center for Public Interest Design, a research center that aims to investigate and utilize the power of design to make social, economic and environmental change in disadvantaged communities worldwide. The Center is the first of its kind in the nation.
| May 22, 2013
Return of retail? Rent growth seen in recovering markets
Like digging a ditch with a spoon, retail demand driven by population growth has eaten away at the supply of available store space in the markets that have been slowest to recover from the downturn. Vacancy rates are reaching a point that will give at least some landlords in every market the clout to demand slightly higher rents.
| May 22, 2013
New ASTM standard enhances hollow structural sections
ASTM A1085 is a big step forward in simplifying HSS design and usage, thereby making it a more desirable option for HSS.
| May 22, 2013
Architecture billings take a step back in April, ending growth streak
For the first time in 10 months, the AIA's Architecture Billings Index slipped into negative territory, falling to 48.6 in April, down from 51.9 the previous month. This is the ABI's lowest mark since July 2012.
| May 21, 2013
Foster + Partners reveals plans for London residential towers
British firm Foster + Partners has unveiled plans for two residential skyscrapers as part of a mixed-use development in north London.