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Global Green Roof Market to Grow at a CAGR of 9.7% between 2020 and 2025.

According to a new report by EMR titled, ‘Global Green Roof Market Report and Forecast 2020-2025’, the global green roof market reached a value of nearly USD 8 billion in 2019. The market is further projected to grow at a CAGR of 9.7% in the forecast period of 2020-2025 to attain USD 13.7 billion by 2025.

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 2019, LiveRoof, LLC, started the installation of green roofs in the western hemisphere, thus, fulfilling this demand.

Market Breakup by Types, Applications, and Regions:

  • Extensive, intensive, and semi-intensive are the major types of green roofs available in the market.
  • By application, the global green roof market can be broadly categorized as residential, commercial, industrial, and others.
  • Region-wise, the market can be divided into Europe, North America, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The green roof market growth has been aided by the worldwide need to adapt to sustainable approaches due to the rising environmental problems.
  • With the government providing subsidies for the installation of the green roofs, the market has seen a massive growth.
  • The installation of a green roof helps in regulating the outdoor as well as the indoor temperature, thus, resulting in lower consumption of electricity, which is further driving the industry growth.
  • The market is being driven by the availability of limited space in urban areas and the effective utilisation of the rooftops.

Key Offerings of the Report:

  • The EMR report gives an overview of the global green roof market for the periods (2015-2019) and (2020-2025).
  • The report also offers historical (2015-2019) and forecast (2020-2025) market information for the types, applications, and regional markets for green roofs.
  • The EMR report also provides an assessment of the market based on the Porter’s Five Forces model along with a SWOT and value chain analysis.

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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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