A Greener Project Lifecycle

Buildings built using green technologies are resource-efficient across the lifecycle of the building. This includes design, operation, renovation and maintenance, and demolition. Although a green building encounters higher costs during construction, the long-term cost benefits associated with it and its contribution to the rise in the overall value of the property are factors bolstering its adoption in the construction market.

The global green technology market will grow at a compound annual growth rate of more than nine percent between 2017 and 2021.

Green technologies have resulted in more trained heating, ventilation, and air conditioning (HVAC) technicians. As the adoption of green technologies for HVAC rises in the residential and commercial segments, technicians will know how to maintain and repair the equipment. They will also be well versed with building regulations, certifications, and codes. This will result in an increased consumer confidence in installing green technology based HVAC equipment.

Green technology solutions for the construction market are being developed that are easy to understand and adopt. In air quality sensors, features like demand-controlled ventilation adjusts air supply as per volume requirements. Multi-sensors are used for simultaneous recording of various parameters.

The adoption of green technology is high in most countries. Advanced technology solutions are offered that are mainly concentrated in the developed countries. As a result, for effective implementation, regional companies enter into collaborations with these companies to procure green technology solutions.

Small and medium-sized European enterprises envision huge revenue opportunities in the Chinese market. As Europe is a pioneer in green technology, Chinese companies show keen interest to collaborate with the European companies, making it a win-win situation for all leading to the higher adoption of green technologies. In India, favorable government policies and the booming construction market is encouraging many global green technology companies to enter the market. The green technology market will provide the industry with new solutions for the future.

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