The green-roofs market research report examines the key questions around the implications of COVID-19 and provides a recovery analysis and outlook for the market in focus. Although the market has witnessed a negative impact due to the COVID-19 situation, the research analysts at Technavio expects the green-roofs market to recover and grow by USD 8.82 billion during the forecast period, accelerating at a CAGR of almost 14%.
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Green-Roofs Market Segmentation Analysis by Product
Extensive green-roofs segment accounted for the highest market share in 2019 and is likely to grow faster than the intensive green-roofs segment during the forecast period. Initial costs and maintenance costs for extensive green-roofs are comparatively lower than that for intensive green-roofs. This report provides an accurate prediction of the contribution of all the segments to the growth of the green-roofs market size.
Green-roofs Market Regional Analysis
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Green-roofs Market: Key Market Drivers
Green-roofs market is expected to be driven by the reduction in global warming due to green roofs. The popularity and implementation of green-roof concept is gaining traction around the globe as it helps in lowering the temperature on roofs, thereby decreasing the ambient temperature. This is achieved by growing plants on rooftops that help absorb the radiation from the sun and reduce the urban heat island effect. As a result, various governments are introducing supportive policies to encourage the adoption of green-roofs. Thus, the reduction in global warming due to green roofs is expected to drive market growth during the forecast period.
Integration of Green-roof and Solar Photovoltaic Systems will be a Key Market Trend
Green-roofs integrated with solar photovoltaic arrays are known as biosolar roofs. These roofs help in minimizing the emissions of greenhouse gases and ensure the sustainable development of buildings. The integration of green-roofs and solar photovoltaic systems ensures enhanced functions and effectiveness through cooling and shading effects. Thus, the integration of green-roof and solar photovoltaic systems is expected to drive the growth of the market.
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Green-roofs Market 2020-2024 : Key Highlights
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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