The global Green Roof Market size is projected to reach USD 21.76 billion by 2025, according to a new report published by Million Insights, with a CAGR of 17.1% over the forecast duration. The rise in demand is attributed to its various benefits including reduced energy cost, CO2 levels, and noise pollution, increased life duration of roofs, monitored building temperature, higher building worth, and improved employee health and productivity. Moreover, these products can reduce stormwater runoff by absorbing the water thereby reducing pollution and flooding in high rainfall prone areas.
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Market Synopsis of Green Roof Market:
Policy planners are emphasizing on the installation of green roofs to lower costs, effects of global warming, and ensure energy efficiency which is predicted to boost the market. For example, San Francisco under Better Roofs Ordinance was the first city in the U.S. to include living roofs in 15 to 30% of new constructions. Similar initiatives were also approved by Denver for new construction sites with area size more than 25000 square feet. Simultaneously, maintenance costs and product installation are regarded as a major hindrance for market growth.
The governments along with different private companies aim to increase the usage of green roofs by launching various schemes and subsidiaries. For instance, Counterpointe Sustainable Real Estate (SRE) launched the Property Assessed Clean Energy (PACE) financing scheme for service, maintenance, and installation of green roofs. By type, the green roof market is segmented into an intensive and extensive roof where the latter acquired a market share of 86% for the year 2018 and is expected to continue its lead over few years due to its low maintenance cost. Based on application, green roofs have higher inclusion in commercial buildings due to its sustainability element. Besides, factors like minimal irrigation, nutrient requirement, and low capital cost per square meter are expected to fuel its demand further.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Green Roof: Market Variables, Trends & Scope
Chapter 4 Green Roof: Product Estimates & Trend Analysis
Chapter 5 Green Roof: Application Estimates & Trend Analysis
Chapter 6 Green Roof: End-use Estimates & Trend Analysis
Chapter 7 Green Roof: Industrial End-use Estimates & Trend Analysis
Chapter 8 Green Roof: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Green Roof: Manufacturers Company Profiles
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