The green construction market involves the practice of reducing the environmental impact of buildings. Green buildings are designed, built, renovated, operated, or reused in an ecological and resource-efficient manner. They aim to minimize pollution, use water and energy efficiently by choosing ecofriendly construction materials and building designs. Some key advantages of green construction include reduced operating costs, enhanced air and water quality, minimized strain on natural resources and compliance with environmental mandates.

The need for Green Construction Market Trends has increased significantly due to the rise in global warming and stringent regulations imposed by governments worldwide to curb carbon emissions from the construction industry. The global construction sector accounts for 38% of total carbon emissions annually and green building techniques can help lower this footprint substantially.

Global green construction market is estimated to be valued at US$320 billion in 2024 and is expected to exhibit a CAGR of 10% over the forecast period from 2024 to 2031.

Key Takeaways
Key players operating in the green construction market are AECOM, Skanska AB, Bouygues SA, DB Group, Vinci SA.

Green building provides various opportunities such as customized energy solutions, renewable energy integration, water conservation and efficient waste management which construction companies are capitalizing on.

Leading firms are expanding globally through mergers and acquisitions to gain expertise in sustainable materials and design practices of foreign markets and implement green infrastructure projects internationally.

Market Drivers

Stringent government regulations and policies: Mandates such as the Energy Independence and Security Act in the US are compelling the industry to reduce energy use from buildings by 30-50% by 2030. Non-compliance results in heavy penalties driving adoption of green techniques.

Environmental awareness: Consumers are increasingly demanding eco-friendly buildings due to risks of climate change. This has boosted demand for green homes and offices with minimal carbon footprint.

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