World Green Building Trends 2016
Global green building is expected to double by 2018, according to this new study from Dodge Data & Analytics.
The study, World Green Building Trends 2016, Developing Markets Accelerate Global Green Growth, finds that the percentage of companies expecting to have more than 60 per cent of their building projects certified green is anticipated to more than double by 2018, from 18 per cent currently, to 37 per cent.
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.
Other key findings from the report include:
- Global green building continues to double every three years.
- Brazil expects six-fold growth in the percentage of companies that expect to certify the majority of their projects green; five-fold growth is expected in China; and four-fold growth is expected in Saudi Arabia (from 8 per cent to 32 percent).
- Building owners report seeing a median increase of 7 per cent in the value of their green buildings compared to traditional buildings.
- The most widely reported benefit globally is lower operating costs.
- The top sector for green building growth globally is commercial construction, with nearly half (46 per cent) 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 per cent of all respondents), protecting natural resources ranked second globally (37 per cent), and reducing water consumption ranks third (at 31 per cent).
WorldGBC was a Research Partner on this report. It was produced in partnership with United Technologies, and Saint-Gobain and USGBC were contributing partners.