![]() The green construction market worldwide is expected to have a dollar worth of $610.6 billion in the next 5 years. So says a new report issued by the Emergen Research of Vancouver, which contrasts the predicted 2027 numbers with where the industry was in 2019 when it had a market value of $264 billion. With a projected 11% increase globally, some 37% of the industry’s anticipated compound annual growth rate will be due to projects in North America, says Emergen’s Global Green Construction Market report, contributing to predicted annual growth rate of 11.4%. The market will also see greater increases in the nonresidential versus residential sector, although growth will more than double in both segments. Green construction means many things to many people but is generally projects that are built to be resource efficient and environmentally responsible, encompassing specific kinds of materials used in roofing, flooring, and insulation, among other things. The Emergen Research reports comes while the publication Green Building Elements is highlighting the top green building trends in the country, a list led by net zero energy buildings, prefabricated modular buildings, and climate-change ready buildings. That last category, according to the publication, entails contracting out climate experts brought in to assess the climate particulars of both an existing building as well as the site where new construction will take place. “The construction of climate-change-ready buildings will vary depending on what part of the country or world the building is in,” notes Green Building Elements. One long-standing trend that is additionally expected to see growth: green roofs. That segment alone, according to a new report issued by the New York-based company Reports and Data, is slated to expand by just under $3.8 billion by 2027. In 2017 voters in Denver approved an initiative requiring the creation of green roofs, or roofs with growing grass, bushes, and trees, on all new buildings in excess of 25,000 square feet. Other localities, such as San Francisco and Toronto, have passed laws mandating green roof installations on new buildings, while the District of Columbia has approved tax credits for those same installations. By Garry Boulard
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