Indiscriminate
use of natural and exhaustible resources in the past has adversely
impacted the ecological balance of the world. This has raised concern
worldwide due to the impact of global warming. Growing awareness
regarding the need for preserving ecological balance has
exponentially expanded the market for green and intelligent buildings
constructions.
Browse
Full Green/Intelligent Buildings Market Report With Complete TOC @
http://www.transparencymarketresearch.com/green-intelligent-buildings-market.html
What
are Green Buildings?
Green
and intelligent buildings are structures constructed using
environmentally responsible processes. These buildings remain
resource-efficient throughout their life-cycle, commencing from their
design to construction, operation, maintenance, and renovation to
deconstruction. Green and intelligent buildings integrate several
heating, ventilation, and air conditioning (HVAC) systems so as to
ensure efficient management of the available resources. Constructing
a building based on the parameters of eco-preservation offers several
benefits. For instance, such constructions optimize energy
utilization and also guard the building against revenue loss or
unbridled repair costs in future.
How
do Green and Intelligent Buildings Conserve Energy?
Materials
used for the construction of green buildings are mostly renewable and
nontoxic in nature. Recycled metals, fiber glasses, and lumber are
among the most commonly used materials in the construction of green
buildings. To ensure preservation of energy, these buildings use
renewable energy sources such as hydropower, solar power, and wind
energy for onsite generation of eco-friendly energy. These buildings
are also integrated with energy-efficient appliances that
significantly lower the cost of energy consumption. Further, rain
harvesting techniques are also implemented to reduce the wastage of
water. Construction of green building can, therefore, significantly
check adverse environmental impacts by reducing wastage of energy,
enhancing energy preservation, and lowering operational costs.
Changing
Lifestyle Preference to Boost Green and Intelligent Buildings Market
Green
and intelligent buildings construction has surged incredibly in
recent times owing to increased need for optimizing energy
consumption and reducing carbon footprint. The green and intelligent
buildings market is thriving, especially across emerging economies
such as India and China. Rapid development of infrastructure in these
countries has incredibly fuelled the green and intelligent buildings
market. It is a common phenomenon for developing economies to
proactively invest in renewable sources of energy to cater to
ever-rising electricity consumption and escalating energy deficits.
Growth in investment for the purpose of preservation of energy also
positively impacts the market for green and intelligent buildings.
To
boost their market operations, property dealers are increasingly
capitalizing on green building concepts. Leading property dealers in
the industry have started to offer enhanced green value in projects
they are associated with, to attract buyers and tenants. This has
helped the market for green and intelligent buildings expand across
developing economies. Moreover, with improving lifestyles, people
have also started looking for more luxurious and energy-efficient
means that will lower the operating costs and enhance their living
standard. Therefore, to gratify such increasing demand for enhanced
well-being, property dealers have increased their investment in green
and intelligent buildings.
High
Cost of Buildings to Inhibit Green and Intelligent Buildings Market
Construction
of green and intelligent buildings often requires high initial
investment. Costs that are likely to be incurred on materials used
for the construction of buildings often increases the market price of
such residential facilities, which eventually becomes unaffordable
for common customers. This acts as a major bottleneck to the growth
of the green and intelligent buildings market. In addition, lack of
skilled personnel who can efficiently train end users about operating
the systems and inadequate awareness of technology is also likely to
impede the green and intelligent buildings market.
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