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
Mass Timber | May 8, 2024
Portland's Timberview VIII mass timber multifamily development will offer more than 100 affordable units
An eight-story, 72,000-sf mass timber apartment building in Portland, Ore., topped out this winter and will soon offer over 100 affordable units. The structure is the tallest affordable housing mass timber building and the first Type IV-C affordable housing building in the city.
Architects | May 8, 2024
Ivan O’Garro, AIA joins LEO A DALY as a vice president
Integrated design firm LEO A DALY welcomes Ivan O’Garro, AIA, as a vice president and managing principal of its Atlanta studio.
K-12 Schools | May 7, 2024
World's first K-12 school to achieve both LEED for Schools Platinum and WELL Platinum
A new K-12 school in Washington, D.C., is the first school in the world to achieve both LEED for Schools Platinum and WELL Platinum, according to its architect, Perkins Eastman. The John Lewis Elementary School is also the first school in the District of Columbia designed to achieve net-zero energy (NZE).
Healthcare Facilities | May 6, 2024
Hospital construction costs for 2024
Data from Gordian breaks down the average cost per square foot for a three-story hospital across 10 U.S. cities.
Biophilic Design | May 6, 2024
The benefits of biophilic design in the built environment
Biophilic design in the built environment supports the health and wellbeing of individuals, as they spend most of their time indoors.
MFPRO+ Special Reports | May 6, 2024
Top 10 trends in affordable housing
Among affordable housing developers today, there’s one commonality tying projects together: uncertainty. AEC firms share their latest insights and philosophies on the future of affordable housing in BD+C's 2023 Multifamily Annual Report.
Retail Centers | May 3, 2024
Outside Las Vegas, two unused office buildings will be turned into an open-air retail development
In Henderson, Nev., a city roughly 15 miles southeast of Las Vegas, 100,000 sf of unused office space will be turned into an open-air retail development called The Cliff. The $30 million adaptive reuse development will convert the site’s two office buildings into a destination for retail stores, chef-driven restaurants, and community entertainment.
Codes and Standards | May 3, 2024
New York City considering bill to prevent building collapses
The New York City Council is considering a proposed law with the goal of preventing building collapses. The Billingsley Structural Integrity Act is a response to the collapse of 1915 Billingsley Terrace in the Bronx last December.
Architects | May 2, 2024
Emerging considerations in inclusive design
Design elements that consider a diverse population of users make lives better. When it comes to wayfinding, some factors will remain consistent—including accessibility and legibility.
K-12 Schools | Apr 30, 2024
Fully electric Oregon elementary school aims for resilience with microgrid design
The River Grove Elementary School in Oregon was designed for net-zero carbon and resiliency to seismic events, storms, and wildfire. The roughly 82,000-sf school in a Portland suburb will feature a microgrid—a small-scale power grid that operates independently from the area’s electric grid.
