Europe Green Buildings Market Size (2024 - 2029)

Europe Green Buildings Market Analysis

The Europe Green Buildings Market size is estimated at USD 178.5 billion in 2024, and is expected to reach USD 334.60 billion by 2029, growing at a CAGR of 11.04% during the forecast period (2024-2029).

The region strongly emphasizes sustainability and environmental responsibility. Hence, the European green building market is booming. The adoption of green building practices is driven by stringent legislation, such as the EU's commitment to achieve carbon neutrality. Integrating intelligent building technologies and increasingly using sustainable materials is an emerging trend.

Improving the environmental efficiency of buildings is increasingly important to combat climate change. Many resources are involved in building construction and maintenance, so selecting appropriate sources that will not cause further environmental damage is essential.

The building sector accounts for 40% of the overall energy consumption in the EU. Buildings account for 36% of the EU's overall greenhouse gas emissions. The Green Building Pact, which seeks to create and promote more climate-tolerant buildings through better insulation and energy efficiency, has been established by the EU.

The overall objective of the Pact is to double by 2030 the number of building refurbishments across the EU, which means that 35 million buildings will be modernized.The EU has set a target of reducing buildings' greenhouse gas emissions by 60% by the end of the decade and ensuring buildings are fully decarbonized by 2050.

German climate tech startup Purpose Green has raised a EUR 3.3 million (USD 3.55 Million) funding round to expand its presence in the German market, further develop its offering, and add more ESG, climate, and building expertise to its team.

Europe Green Buildings Industry Segmentation

Green buildings are integral to creating sustainable and efficient structures, impacting design, construction, maintenance, and renovation. They are known for their high energy efficiency and utilization of renewable waste sources. These materials encompass various options, including mycelium, hempcrete, recycled plastic, straw bales, bamboo, wood, rammed earth, timbercrete, and grasscrete, offering eco-friendly alternatives for construction.

A complete background analysis of the European green buildings market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact, is covered in the report.

The European green buildings market is segmented by product type (exterior products, interior products, and other product types (building systems, solar systems, etc.)), application (residential, office, retail, institutional, and other applications), and geography (Germany, France, United Kingdom, Spain, Italy, and Rest of Europe). The report offers market size and forecasts for the Europe green buildings market in value (USD) for all the above segments.