Market Size of Europe Green Buildings Industry
Study Period | 2020-2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 178.5 Billion |
Market Size (2029) | USD 334.60 Billion |
CAGR (2024 - 2029) | 11.04 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Green Buildings Market Analysis
The Europe Green Buildings Market size is estimated at USD 178.5 billion in 2024, and is expected to reach USD 334.60 billion by 2029, growing at a CAGR of 11.04% during the forecast period (2024-2029).
The region strongly emphasizes sustainability and environmental responsibility. Hence, the European green building market is booming. The adoption of green building practices is driven by stringent legislation, such as the EU's commitment to achieve carbon neutrality. Integrating intelligent building technologies and increasingly using sustainable materials is an emerging trend.
Improving the environmental efficiency of buildings is increasingly important to combat climate change. Many resources are involved in building construction and maintenance, so selecting appropriate sources that will not cause further environmental damage is essential.
The building sector accounts for 40% of the overall energy consumption in the EU. Buildings account for 36% of the EU's overall greenhouse gas emissions. The Green Building Pact, which seeks to create and promote more climate-tolerant buildings through better insulation and energy efficiency, has been established by the EU.
The overall objective of the Pact is to double by 2030 the number of building refurbishments across the EU, which means that 35 million buildings will be modernized.The EU has set a target of reducing buildings' greenhouse gas emissions by 60% by the end of the decade and ensuring buildings are fully decarbonized by 2050.
German climate tech startup Purpose Green has raised a EUR 3.3 million (USD 3.55 Million) funding round to expand its presence in the German market, further develop its offering, and add more ESG, climate, and building expertise to its team.
Europe Green Buildings Industry Segmentation
Green buildings are integral to creating sustainable and efficient structures, impacting design, construction, maintenance, and renovation. They are known for their high energy efficiency and utilization of renewable waste sources. These materials encompass various options, including mycelium, hempcrete, recycled plastic, straw bales, bamboo, wood, rammed earth, timbercrete, and grasscrete, offering eco-friendly alternatives for construction.
A complete background analysis of the European green buildings market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact, is covered in the report.
The European green buildings market is segmented by product type (exterior products, interior products, and other product types (building systems, solar systems, etc.)), application (residential, office, retail, institutional, and other applications), and geography (Germany, France, United Kingdom, Spain, Italy, and Rest of Europe). The report offers market size and forecasts for the Europe green buildings market in value (USD) for all the above segments.
By Product Type | |
Exterior Products | |
Interior Products | |
Other Product Types (Building Systems, Solar Systems) |
By Application | |
Residential | |
Office | |
Retail | |
Institutional | |
Other Applications |
Geography | |
Germany | |
United Kingdom | |
France | |
Spain | |
Italy | |
Rest of Europe |
Europe Green Buildings Market Size Summary
The European green buildings market is experiencing significant growth, driven by a strong emphasis on sustainability and environmental responsibility. This growth is supported by stringent legislation, such as the EU's commitment to carbon neutrality, and the integration of intelligent building technologies and sustainable materials. The market is further propelled by initiatives like the Green Building Pact, which aims to enhance building insulation and energy efficiency, and the EU's targets for reducing greenhouse gas emissions from buildings. The non-residential sector, encompassing a diverse range of building typologies, plays a crucial role in this market expansion by increasing demand for sustainable construction and green practices. Countries like Germany and the United Kingdom are at the forefront, with ambitious targets and significant investments in green infrastructure, showcasing innovative designs and energy-efficient construction techniques.
Germany, in particular, is making notable strides in sustainable architecture, with projects like the EDGE Suedkreuz building and developments in Freiburg exemplifying the integration of eco-friendly features and green infrastructures. The country's commitment to sustainability is further reinforced by government initiatives aimed at establishing Germany as a global leader in sustainable construction. The fragmented nature of the European green buildings market is bolstered by increasing government support and awareness of climate change, driving demand for eco-friendly buildings. Key players in the market include Bauder Ltd, AECOM, Skanska, Turner Construction, and DuPont de Nemours Inc., all contributing to the creation of environmentally responsible living spaces across Europe.
Europe Green Buildings Market Size - Table of Contents
-
1. MARKET INSIGHTS AND DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Need for Reducing Environmental Impact of the Construction Sector
-
1.2.2 Support from Government Policies
-
-
1.3 Market Restraints
-
1.3.1 Complications Related to Certification and Permits
-
-
1.4 Market Opportunities
-
1.4.1 Large-scale Renovation Drive in Europe
-
-
1.5 Value Chain/Supply Chain Analysis
-
1.6 Porter's Five Forces Analysis
-
1.6.1 Threat of New Entrants
-
1.6.2 Bargaining Power of Buyers/Consumers
-
1.6.3 Bargaining Power of Suppliers
-
1.6.4 Threat of Substitute Products
-
1.6.5 Intensity of Competitive Rivalry
-
-
1.7 Impact of Covid-19 on the Market
-
-
2. MARKET SEGMENTATION
-
2.1 By Product Type
-
2.1.1 Exterior Products
-
2.1.2 Interior Products
-
2.1.3 Other Product Types (Building Systems, Solar Systems)
-
-
2.2 By Application
-
2.2.1 Residential
-
2.2.2 Office
-
2.2.3 Retail
-
2.2.4 Institutional
-
2.2.5 Other Applications
-
-
2.3 Geography
-
2.3.1 Germany
-
2.3.2 United Kingdom
-
2.3.3 France
-
2.3.4 Spain
-
2.3.5 Italy
-
2.3.6 Rest of Europe
-
-
Europe Green Buildings Market Size FAQs
How big is the Europe Green Buildings Market?
The Europe Green Buildings Market size is expected to reach USD 178.5 billion in 2024 and grow at a CAGR of 11.04% to reach USD 334.60 billion by 2029.
What is the current Europe Green Buildings Market size?
In 2024, the Europe Green Buildings Market size is expected to reach USD 178.5 billion.