Net zero energy building market to reach $1.4TFierce Energy, September 10, 2014
Hundreds of zero energy building (ZEB) pilots are being developed to showcase technology solutions and create high-performance buildings across a variety of residential and commercial facilities as governments, corporations and individuals seek ways to minimize the carbon footprint of their buildings. In fact, Navigant Research predicts that global ZEB revenue will grow from $629.3 million in 2014 to $1.4 trillion by 2035.
Although the global outlook for ZEB is strong, the market will start slowly.
While several pilots are trying to prove the investment savings in lower energy bills, a stronger driver for the adoption of ZEBs, which use as much energy over the course of a year as it generates from onsite renewables, is regulation. The variety of definitions of a ZEB (also called net zero energy buildings and, in the European Union, nearly zero energy buildings) and the lack of a single standards body to identify what success looks like create noteworthy challenges.