PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1226448
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1226448
Global Green Roof Market is valued approximately at USD 1.51 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 17 % over the forecast period 2022-2029. A green roof also known as living roof, is a roof of a building that is completely or partially enclosed with vegetation and a growing medium, planted over a waterproofing membrane. Additional layers, such as a root barrier, drainage, and irrigation systems, may be present on a green roof. Green roofs serve many functions for a building, including creating a wildlife habitat, absorbing rainwater, increasing benevolence, providing insulation, and many others. These roofs help to reduce global warming by lowering the temperature of the building's roof, lowering ambient temperature, and lowering greenhouse gas emissions from air conditioning. All of these advantages of green roofs are recognised by several governments, resulting in the development of accommodating policies for their adoption. Favorable government initiatives towards the adoption of green roofs and increasing construction of green buildings are few factors that is responsible for high CAGR of the market across the globe.
For instance, in December 2022 International Finance Corporation (IFC) announced an investment in a green bond issued by South Africa based Growthpoint Properties Limited that would be used by the company to finance energy and water efficiency improvements in its existing commercial properties. Moreover, IFC would invest around USD 54 million in the green bond, which will fund green improvements at Growthpoint's office, industrial and retail spaces across South Africa. Also, increasing global warming is one of the major factors that would create lucrative growth opportunities for the growth of the market over the forecast period. However, high installation & maintenance cost is one of the major factors anticipated to hamper the growth of global Green Roof market during the forecast period.
The regional analysis of global Green Roof market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is estimated as the dominant region in terms of revenue and market share owing to presence of several policies and subsidiaries enforced by the regional government towards the installation of green roofs across the region. However, North America is expected to exhibit at high growth rate over the forecast period of 2022-2029 due to rising popularity of green building infrastructure as well as presence of leading market players in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable