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World Green Building Trends SmartMarket Report: Business Imperative And Market Demand Driving Green Building Growth

NEW YORK, Feb. 28, 2013 /PRNewswire/ -- As sustainability and energy efficiency initiatives take hold around the world, firms are finding business value and opportunities from green building, including the opportunity for new environmentally responsible products, according to McGraw-Hill Construction's latest SmartMarket Report, "World Green Building Trends - Business Benefits Driving New and Retrofit Market Opportunities in Over 60 Countries," released today. The report, developed in partnership with United Technologies Corp. (UTC), is based on a study of global green building trends and aims to discern drivers of the green building marketplace.

According to the study, firms are shifting their business toward green building, with 51 percent of respondents planning more than 60 percent of their work to be green by 2015. This is a significant increase from the 28 percent that said the same for their work in 2013 and double the 13 percent in 2008.

This growth is not a trend localized to one country or region. From 2012 to 2015, the number of firms anticipating that more than 60 percent of their work will be green:

  • More than triples in South Africa;
  • More than doubles in Germany, Norway and Brazil;
  • Grows between 33 and 68 percent in the United States, Singapore, the United Kingdom, the United Arab Emirates and Australia.

"This report confirms that the green building movement has shifted from 'push' to 'pull' -- with markets increasingly demanding no less than green buildings," said John Mandyck, chief sustainability officer, UTC Climate, Controls & Security. "By promoting greater efficiencies for energy and water, green buildings lower building costs while conserving the earth's precious resources. This powerful combination of built-in payback with environmental stewardship creates a new value proposition that is accelerating green building in all regions of the globe."

The key driver to going green, according to the survey, is that now green building is a business imperative around the world. In the 2008 report, McGraw-Hill Construction found that the top driver for green building was "doing the right thing." However in 2012, business drivers such as client and market demand are the key factors influencing the market.

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