From 2010 to 2015, the total US green building market value is projected to increase from $71.1 billion to $173.5 billion, according to the latest issue of EL Insights. This represents a CAGR of 19.5% during this time period.
The goals of building green include the efficient use of energy, water, and other resources, the protection of occupant health and improvement of employee productivity, and the reduction of waste, pollution, and environmental erosion. Buildings in the United States are responsible for 40% of total energy consumption, 12% of water consumption, 68% of total electricity consumption, and 38% of carbon dioxide emissions.
In addition, commercial green building is projected to grow by 18.1% annually, according to new research revealed in EL Insights, from $35.6 billion to $81.8 billion.
EL Insights also reveals that green building is a source of economic opportunity and has potential to create 2.5 million American jobs, which is about a 30% increase in jobs within the construction industry.
According to EL Insights, companies can expect:
– Increased awareness of environmental issues such as the oil spill in the Gulf of Mexico to drive growth in commercial and residential green building,
– Large corporations to drive investment in innovative green building products and to lead adoption in the commercial sector,
-A greater opportunity in the commercial space over the residential space for the next year,
The collaboration between USGBC, the public sector, and real estate underwriters to be critical in…