Global green building is expected to double by 2018, thanks to developing markets across the world. That is the finding of a new report from Dodge Data & Analytics and United Technologies Corporation.
Building owners interviewed for the study, World green building trends 2016, developing markets accelerate global green growth, also report seeing a median increase of 7% in the value of their green buildings compared to traditional buildings
The study finds that the share of companies expecting to have more than 60% of their building projects certified green is anticipated to more than double by 2018, from 18% currently, to 37%. The anticipated growth will largely be driven by countries that still have developing green markets, with firms from Mexico, Brazil, Colombia, Saudi Arabia, South Africa, China and India reporting dramatic growth in the percentage of their projects that they expect to certify as green.
World Green Building Council (WorldGBC) was a research partner for the project, which had additional support from the US Green Building Council and Saint-Gobain. It gathers views from more than 1,000 building professionals from 69 countries.
Other key findings from the report include:
- Brazil expects six-fold growth in the percentage of companies that expect to certify the majority of their projects green (from 6% to 36%); five-fold growth is expected in China (from 5% to 28%); and four-fold growth is expected in Saudi Arabia (from 8% to 32%)
- The most widely reported benefit of green buildings globally is lower operating costs. But around 30% of respondents also consider documentation and certification providing quality assurance, education of occupants about sustainability, and higher value at the point of sale as additional benefits, which are important in their markets
- The top sector for green building growth globally is commercial construction, with nearly half (46%) of all respondents expecting to do a green commercial project in the next three years
- Reducing energy consumption continues to be the top environmental reason for building green (selected as one of the top two reasons by 66% of respondents), protecting natural resources ranked second globally (37%), and reducing water consumption ranked third (at 31%).
The study is available here.