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As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
According to a new report by EMR titled, ‘Global Green Roof Market Report and Forecast 2021-2026’, the global green roof market reached a value of nearly USD 8 billion in 2020. The market is further projected to grow at a CAGR of 9.7% in the forecast period of 2021-2026 to attain USD 13.7 billion by 2026.
The global green roof market is dominated by Europe, where Germany is the European leader. In Germany, more than 90 million metre square of green roofs have been installed. The people in Germany, with the deteriorating condition of the sewer infrastructure, realised that the capacity of such sewer infrastructures could not be expanded, and thus, an alternative was required. They installed green roofs instead of conventional gravel-ballasted roofs to reduce and delay stormwater runoff, which significantly reduced the load on sewer systems. The maximum benefit from this technology can be obtained by installing it at office buildings in urban areas, in areas with combined sewer systems, in areas with minimum green space, and at the buildings along with the coastal areas.
Rooftop, a valuable space and yet an untapped resource, can prove to be extremely significant when combined with the green roof technology. In densely populated urban areas, where space is restricted, green roofs can play a vital role in battling the problem of carbon emission and urban waterlogging. The green roof technology can be installed in most building types, like, in the ones with concrete roof decks, or wood or composite (wood fibres and cement) roof decks. In the U.S.A., San Francisco has become the first city that has mandated the use of solar and green roofs since 2017.
In the previous years, the partnership between LiveRoof, LLC, and SunPower Corporation (Nasdaq: SPWR) took place to provide customers with eco-friendly commercial roofing by constructing solar as well as green roofs. The demand for sustainable products has increased rapidly since then, due to the massive climate change and increasing global warming. Recently, in June 2020, LiveRoof, LLC, started the installation of green roofs in the western hemisphere, thus, fulfilling this demand.
Market Breakup by Types, Applications, and Regions:
Key Findings of the Report:
Key Offerings of the Report:
Axter Limited, Bauder Ltd, ArchiGreen® Ltd, Barrett Company, ZinCo Canada Inc., Columbia Green Technologies, American Hydrotech, Inc., and others are the leading players in the global green roof market as identified by EMR. This comprehensive report by EMR covers the market share, capacity, and latest developments like mergers and acquisitions, capacity expansions, and plant turnarounds along with these key players.
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