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Construction Business Review | Monday, February 28, 2022
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The global non-residential green buildings market is expected to grow from USD 859.52 billion in 2021 to USD 951.77 billion in 2022 at a compound annual growth rate of 10.7 percent. The market is expected to reach USD 1,354.59 billion in 2026 at a CAGR of 9.2 percent
FREMONT, CA: Green Buildings have minimum or no negative environmental and climate impacts in their design, construction, or operation, but have positive impacts by conserving precious natural resources and improving quality of life.The market for non-residential green buildings consists of sales of non-residential green buildings.
Construction, remodelling, operation, maintenance, and demolition models that are healthier and more resource-efficient are created and used in this discipline. The market is made up of revenue earned by businesses and individuals through the selling of non-residential green buildings. In 2021, Asia Pacific is likely to be the leading market for nonresidential green buildings. During the predicted period, Eastern Europe is expected to be the fastest-growing region. Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa are the regions covered in this research.
The non-residential green building market grew as the need for sustainable and environmentally friendly solutions grew. According to a report by the USGBC (United States Green Building Council), green buildings may lower carbon emissions by 34 percent and use 25 percent less energy than conventional structures.