12-16-2024 07:35 AM CET | IT, New Media & SoftwareGreen Technology in Construction MarketInsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Green Technology in Construction Market – (By Type (HVAC Products, Water Solutions), By Application (Non-residential (Commercial & Office, Institutional, Industrial, Hospitality & Leisure), Residential)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”According to the latest research by InsightAce Analytic, the Global Green Technology in Construction Market is expected to develop with a CAGR of 8.2% during the forecast period of 2024-2031Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/2328Green technology in construction focuses on minimizing the environmental impact of buildings through sustainable practices and materials. It aims to enhance energy efficiency, water conservation, and indoor environmental quality while utilizing renewable energy sources and sustainable materials like bamboo and recycled steel. Techniques such as modular construction help reduce waste, and smart technologies improve building operations. Green roofs contribute to better air quality and temperature regulation. Certifications like LEED provide standards for assessing environmental performance. By prioritizing sustainability, green construction not only benefits the environment but also provides long-term economic advantages and improves occupant well-being, aligning with the goals of sustainable development. Green construction is gaining popularity and is predicted to boost market expansion. By reducing their carbon footprints, the materials contribute to mitigating climate change. Due to their low maintenance requirements and high energy efficiency, these materials are an excellent investment. However, the unmet need for customized solutions to tackle specific environmental problems is anticipated to hinder the expansion of the market.List of Prominent Players in the Green Technology in Construction Market:
• GE
• Siemens
• Holcim Group
• Johns Manville Corporation
• Knauf
• Kingspan Group
• Alumasc Group
• Saint-Gobain
• Andersen Corporation
• Koch Industries
• Interface Inc
• LG Hausys, Ltd
• Lixil Group
• Norbord Inc
• Owens Corning
• Other prominent playersMarket Dynamics:
Drivers-
The growing demand for green technology in the construction market is fueled by the increasing demand for environmentally conscious structures. Using resource-efficient and environmentally responsible techniques from site selection through construction, design, operation, servicing, dismantling, and conversion is the essence of green building. The increased demand for green construction can be attributed to using sustainable resources in their construction. As a result of rising urbanization, i