The global net zero energy homes market will increase by 28% between 2019 and 2028, according to Navigant Research.
The stock for net zero homes are expected to increase from 57,800 households in 2019 to 534,500 households in 2028.
An increase in the installation of renewable energy technologies to reduce homes’ energy costs and carbon footprint is driving the market growth.
Policy makers and developers of new multi-family buildings continue to integrate renewables during the initial stages of construction as it a cost-effective option for improving building efficiencies.
Europe is expected to lead regional markets due to its ambitious regulations around net zero energy homes. The region is expected to record an annual increase from 40,000 in 2019 to 223,000 in 2028 at a CAGR of 20.9%. This is expected to result in a cumulative ZNE building stock of 2.4 million homes in 2028.
Paige Leuschner, senior research analyst at Navigant Research, said: “Buildings, including homes, are a major priority for global policymakers and regulators addressing energy, carbon emissions, and sustainability concerns.
“The ZNE market can be a means to an end in achieving many sustainability goals.”
For more information about the report, visit Zero Net Energy Homes.