Net Zero Energy Buildings (NZEB) Market

Industry Overview

The global net-zero energy buildings (NZEBs) market is projected to reach USD 79.23 billion by 2030, growing at a CAGR of 15.1% during the forecast period.

The buildings verified by ZNE are those that over the course of time meet the net energy consumption through local renewable energy technologies. Instead of electricity, natural gas, and steam, the energy is derived from renewables on site. Although ZNE emerging buildings have stated objectives for almost nil energy, the aims as identified by the ZNE-validated buildings are still to be achieved. Such emerging buildings are typically being designed or planned in less than one year's service.

The demand and acceptance of NZEBs are expected to be significantly propelled by technological innovation coupled with stringent policies and programs. ZNE projects target buildings like colleges, institutional buildings, offices, and public buildings around the world.

Net-Zero Energy Buildings Market Analysis

The rising need for reducing greenhouse gas (GHG) emissions worldwide is a major driver of demand for Net Non-Energy Buildings (NZEB). As the world is rapidly industrialized and urbanized, energy demand has dramatically increased and, in turn, the GHG emissions have been increased because of the large-scale consumption of fossil fuels to produce power. The Construction Industry reported use of 35.0% of the world's energy and produced almost 40 percent of total carbon dioxide emissions worldwide, according to a World Green Building Council report.

Due to clear goals and regulations developed by organizations aimed at achieving sustainability and reducing carbon emissions, the market is expected to gain momentum during the forecast period. The United States consists of ZNE buildings that have been more verified and emerging than other nations. Projects to turn the city into almost zero energy buildings and green buildings are being undertaken. Regional regulations, councils, bodies, organizations, government departments, designers, builders & contractors, fabricators, and suppliers of materials and equipment work with regional architects to encourage appropriate buildings with self-energy.

The vast number of successfully implemented initiatives using new technology and design techniques have sensitized the public on the degree to which net zero energy targets are practical and achievable. The market is moving, with strong growth forecasted, and profitability for equipment manufacturers, material suppliers, and service providers is generated. In the building structure, the HVAC systems are one of the most critical and energy-consuming elements.

Net Zero Energy Buildings (NZEB) Market Report Coverage

Market Segmentation

Based on Construction

• - Residential
• - Commercial

The largest share for commercial buildings (98.4%) was kept on the net-zero-energy buildings market in 2018 and a CAGR of 15.6% is predicted in the forecast period. Commercial buildings have more floor space, thereby increasing the building's construction value. Governments across countries are adopting policies to move towards the construction of NZEBs, with the goal of reducing energy production through fossil fuels.

Based on Equipment

• - Insulating Panels
• - Lightning Systems
• - HVAC Systems
• - Solar PV Panels

The dominant share in Net Zero-Energy Buildings was 57.1 percent in the PV category of solar panels and $511.9 million were generated in 2018. Commercial floor spaces need considerable energy to power all appliances in a house, because of the high demand for solar PV panels. The market category has tremendous growth potential in the coming years, with its expected future development plans and the high level of adoption and value of solar units in NZEBs.

Geographical Analysis

• North America
  • - U.S.
  • - Canada
• Europe
  • - Germany
  • - U.K
  • - Italy
  • - Austria
  • - France
  • - Norway
  • - Romania
• Asia-Pacific
  • - China
  • - India
  • - Japan

In terms of geographical position, North America had the largest share in the net zero energy buildings market over the historic era. This is primarily due to the goals of cutting emissions of GHGs and reducing the region's energy consumption. In addition, the United States and Canada engaged in a variety of projects to achieve renewable energy use. Europe was the second largest and over 95 percent of the combined North American and European market.

Competitive Landscape and Key Players in the Market

Daikin leverages its experience and technology to deliver air conditioning solutions that meet the demands of any setting. Daikin has expanded its business with  fluorochemicals, air conditioning and filters. To help advance the health and comfort of people and space company has developed an array of products and services for the global market to fully meet the diversity of needs arising from national and regional differences in culture and values.

Rockwool Group supply a variety of insulation products for flat roof applications. Form Steel roof to concrete roof be it pitched or flat roof. Rockwool products are made from premium stone wool to keep the properties safe and the indoor environment comfortable.

Market players have taken numerous strategic steps to achieve a greater share of the global nullification market.

• - Daikin Industries Ltd
• - Xtratherm Limited
• - Rockwool Group
• - Solatube International Inc.
• - Kingspan Group plc

The movement of the NEZB has impacted critical mass. The movement of the NEZB after decades of being a marginal target and being highlighted in the media as maverick, net zero housing has become a major characteristic of energy conservation, replacing it as an ultimate objective. But it is becoming more than mainstream quickly: it is the manner in which all homes are planned and built in the near future.

Recent Developments by Key Players

Daikin Europe N.V. an European subsidiary of Daikin Industries, Ltd. acquired BKF Klima, a Danish Heating, Ventilation and Air Conditioning (HVAC) distributor, and previously part of Beijer REF. The company shall also open two new facilities, including a Daikin Training Center for installers and Daikin Experience Center for consumers. This acquisition will further enable Daikin to leverage its extensive R&D expertise in low carbon HVAC solutions for the region.

Kingspan Group plc acquired STEICO which is the global leader in wood fibre insulation and a leading supplier of innovative timber-based construction products. This acquisition shall provide a full spectrum of insulation solutions. Steico’s suite of wood-based building envelope solutions broadens company's ability to enable customers to meet their sustainability and building performance needs.

News Update on Global Net Zero Energy Buildings

Direct CO2 construction should halve by 2030 if a net carbon-zero building inventory is to be effective by 2050. All actors across the building value chain need a factor of five to increase their decarbonization initiatives and their effects. In both residential and industrial structures, Oakland enters the league with several US cities banning natural gas or propane. The reduction in the risk of explosions, improved indoor air quality, and streamlined building systems and maintenance according to officials. Telangana State Renewable Energy Development Corp. (TSREDCO) is preparing the establishment of a net-zero-energy building for MNRE and the state-designated BEE agency. In order to help pay fire alarm systems to heavy-duty buildings with hazardous coverage, the Government has launched a new £30 million fund. The money eliminates the need for 24-hour "Wake Watch" fire patrols. Hundreds of buildings in the UK still have 24-hour safety patrols three years after the fire of the Grenfell Tower. The GlobalABC annual report points out that, in spite of the impact of COVID-19, the construction industry is far from being in the process of decarbonization. However, by 2050, net zero can be reached with bold measures, strategies, and investments using current technologies. The achievement of net null for buildings will bring various benefits, including economic growth.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data, and have key opinions from the industry experts. The key profiles approached within the industry include, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads, and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behavior.

The Net Zero Energy Buildings (NZEB) Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• Construction
  • Residential
  • Commercial
• Equipment
  • Insulating Panels
  • Lightning Systems
  • HVAC Systems
  • Solar PV Panels

Region Covered in the Report

• North America

• U.S.

• Canada

• Mexico

• Europe

• Germany

• U.K.

• France

• Italy

• Spain

• Russia

• Rest of Europe

• Asia-Pacific (APAC)

• China

• Japan

• Vietnam

• India

• South Korea

• Rest of Asia-Pacific

• Middle East and Africa (MEA)

• UAE

• Saudi Arabia

• South Africa

• Rest of MEA

• Latin America

• Argentina

• Brazil

• Chile

• Rest of LATAM

Source: VynZ Research

Source: VynZ Research

1.    Research Overview 

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Construction
                1.2.2.    By Equipment
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Research Methodology
                1.5.1.    Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2.    Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    COVID-19 Impact
        3.4.    Competitive Insight
                3.4.1.    Competitive Position of Industry Players
                3.4.2.    Market Attractive Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By Construction 
                5.1.1.    Residential
                        5.1.1.1. Market Definition
                        5.1.1.2. Market Estimation and Forecast to 2030
                5.1.2.    Commercial
                        5.1.2.1. Market Definition
                        5.1.2.2. Market Estimation and Forecast to 2030
        5.2.    By Equipment
                5.2.1.    Insulating Panels
                        5.2.1.1. Market Definition
                        5.2.1.2. Market Estimation and Forecast to 2030
                5.2.2.    Lightning Systems
                        5.2.2.1. Market Definition
                        5.2.2.2. Market Estimation and Forecast to 2030
                5.2.3.    HVAC Systems
                        5.2.3.1. Market Definition
                        5.2.3.2. Market Estimation and Forecast to 2030
                5.2.4.    Solar PV Panels
                        5.2.4.1. Market Definition
                        5.2.4.2. Market Estimation and Forecast to 2030

6.    North America Market Estimate and Forecast

        6.1.    By Construction
        6.2.    By Equipment
        6.3.    By Country
                6.3.1.    U.S. Market Estimate and Forecast
                6.3.2.    Canada Market Estimate and Forecast
                6.3.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Construction
        7.2.    By Equipment
        7.3.    By Country
            7.3.1.    Germany Market Estimate and Forecast
            7.3.2.    France Market Estimate and Forecast
            7.3.3.    U.K. Market Estimate and Forecast
            7.3.4.    Italy Market Estimate and Forecast
            7.3.5.    Spain Market Estimate and Forecast
            7.3.6.    Russia Market Estimate and Forecast
            7.3.7.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Construction
        8.2.    By Equipment
        8.3.    By Country 
            8.3.1.    China Market Estimate and Forecast
            8.3.2.    Japan Market Estimate and Forecast
            8.3.3.    India Market Estimate and Forecast
            8.3.4.    South Korea Market Estimate and Forecast
            8.3.5.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Construction
        9.2.    By Equipment
        9.3.    By Country
            9.3.1.    Brazil Market Estimate and Forecast
            9.3.2.    Saudi Arabia Market Estimate and Forecast
            9.3.3.    South Africa Market Estimate and Forecast
            9.3.4.    U.A.E. Market Estimate and Forecast
            9.3.5.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    Daikin Industries Ltd
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Xtratherm Limited
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    Rockwool Group
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Solatube International Inc.
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Kingspan Group plc
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to availability of information in secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Net Zero Energy Buildings (NZEB) Market Size, by Construction, 2018 – 2023 (USD Billion)
Table 5 Global Net Zero Energy Buildings (NZEB) Market Size, by Construction, 2025 – 2030 (USD Billion)
Table 6 Global Net Zero Energy Buildings (NZEB) Market Size, by Equipment, 2018 – 2023 (USD Billion)
Table 7 Global Net Zero Energy Buildings (NZEB) Market Size, by Equipment, 2025 – 2030 (USD Billion)
Table 8 Global Net Zero Energy Buildings (NZEB) Market Size, by Region, 2018 – 2023 (USD Billion)
Table 9 Global Net Zero Energy Buildings (NZEB) Market Size, by Region, 2025 – 2030 (USD Billion)
Table 10 North America Net Zero Energy Buildings (NZEB) Market Size, by Construction, 2018 – 2023 (USD Billion)
Table 11 North America Net Zero Energy Buildings (NZEB) Market Size, by Construction, 2025 – 2030 (USD Billion)
Table 12 North America Net Zero Energy Buildings (NZEB) Market Size, by Equipment, 2018 – 2023 (USD Billion)
Table 13 North America Net Zero Energy Buildings (NZEB) Market Size, by Equipment, 2025 – 2030 (USD Billion)
Table 14 North America Net Zero Energy Buildings (NZEB) Market Size, by Country, 2018 – 2023 (USD Billion)
Table 15 North America Net Zero Energy Buildings (NZEB) Market Size, by Country, 2025 – 2030 (USD Billion)
Table 16 Europe Net Zero Energy Buildings (NZEB) Market Size, by Construction, 2018 – 2023 (USD Billion)
Table 17 Europe Net Zero Energy Buildings (NZEB) Market Size, by Construction, 2025 – 2030 (USD Billion)
Table 18 Europe Net Zero Energy Buildings (NZEB) Market Size, by Equipment, 2018 – 2023 (USD Billion)
Table 19 Europe Net Zero Energy Buildings (NZEB) Market Size, by Equipment, 2025 – 2030 (USD Billion)
Table 20 Europe Net Zero Energy Buildings (NZEB) Market Size, by Country, 2018 – 2023 (USD Billion)
Table 21 Europe Net Zero Energy Buildings (NZEB) Market Size, by Country, 2025 – 2030 (USD Billion)
Table 22 Asia-Pacific Net Zero Energy Buildings (NZEB) Market Size, by Construction, 2018 – 2023 (USD Billion)
Table 23 Asia-Pacific Net Zero Energy Buildings (NZEB) Market Size, by Construction, 2025 – 2030 (USD Billion)
Table 24 Asia-Pacific Net Zero Energy Buildings (NZEB) Market Size, by Equipment, 2018 – 2023 (USD Billion)
Table 25 Asia-Pacific Net Zero Energy Buildings (NZEB) Market Size, by Equipment, 2025 – 2030 (USD Billion)
Table 26 Asia-Pacific Net Zero Energy Buildings (NZEB) Market Size, by Country, 2018 – 2023 (USD Billion)
Table 27 Asia-Pacific Net Zero Energy Buildings (NZEB) Market Size, by Country, 2025 – 2030 (USD Billion)
Table 28 RoW Net Zero Energy Buildings (NZEB) Market Size, by Construction, 2018 – 2023 (USD Billion)
Table 29 RoW Net Zero Energy Buildings (NZEB) Market Size, by Construction, 2025 – 2030 (USD Billion)
Table 30 RoW Net Zero Energy Buildings (NZEB) Market Size, by Equipment, 2018 – 2023 (USD Billion)
Table 31 RoW Net Zero Energy Buildings (NZEB) Market Size, by Equipment, 2025 – 2030 (USD Billion)
Table 32 RoW Net Zero Energy Buildings (NZEB) Market Size, by Country, 2018 – 2023 (USD Billion)
Table 33 RoW Net Zero Energy Buildings (NZEB) Market Size, by Country, 2025 – 2030 (USD Billion)
Table 34 Snapshot – Daikin Industries Ltd
Table 35 Snapshot – Xtratherm Limited
Table 36 Snapshot – Rockwool Group
Table 37 Snapshot – Solatube International Inc.
Table 38 Snapshot – Kingspan Group plc

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Types for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Net Zero Energy Buildings (NZEB) Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Net Zero Energy Buildings (NZEB) Market Highlight
Figure 12 Global Net Zero Energy Buildings (NZEB) Market Size, by Construction, 2018 - 2030 (USD Billion)
Figure 13 Global Net Zero Energy Buildings (NZEB) Market Size, by Equipment, 2018 - 2030 (USD Billion)
Figure 14 Global Net Zero Energy Buildings (NZEB) Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 15 North America Net Zero Energy Buildings (NZEB) Market Highlight
Figure 16 North America Net Zero Energy Buildings (NZEB) Market Size, by Construction, 2018 - 2030 (USD Billion)
Figure 17 North America Net Zero Energy Buildings (NZEB) Market Size, by Equipment, 2018 - 2030 (USD Billion)
Figure 18 North America Net Zero Energy Buildings (NZEB) Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 19 Europe Net Zero Energy Buildings (NZEB) Market Highlight
Figure 20 Europe Net Zero Energy Buildings (NZEB) Market Size, by Construction, 2018 - 2030 (USD Billion)
Figure 21 Europe Net Zero Energy Buildings (NZEB) Market Size, by Equipment, 2018 - 2030 (USD Billion)
Figure 22 Europe Net Zero Energy Buildings (NZEB) Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 23 Asia-Pacific Net Zero Energy Buildings (NZEB) Market Highlight
Figure 24 Asia-Pacific Net Zero Energy Buildings (NZEB) Market Size, by Construction, 2018 - 2030 (USD Billion)
Figure 25 Asia-Pacific Net Zero Energy Buildings (NZEB) Market Size, by Equipment, 2018 - 2030 (USD Billion)
Figure 26 Asia-Pacific Net Zero Energy Buildings (NZEB) Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 27 RoW Net Zero Energy Buildings (NZEB) Market Highlight
Figure 28 RoW Net Zero Energy Buildings (NZEB) Market Size, by Construction, 2018 - 2030 (USD Billion)
Figure 29 RoW Net Zero Energy Buildings (NZEB) Market Size, by Equipment, 2018 - 2030 (USD Billion)
Figure 30 RoW Net Zero Energy Buildings (NZEB) Market Size, by Country, 2018 - 2030 (USD Billion)