Manufacturing Sustainability: Green Manufacturing News

Study: Global Green Building Doubles Every Three Years

posted by William R. Stott
Published: March 03, 2016

The World Green Building Trends 2016 Smart Market Report.

The World Green Building Trends 2016 SmartMarket Report, presented by Dodge Data & Analytics and United Technologies Corporation, provides new world green building trends data to support green building development. By expanding the scope of the World Green Building Trends SmartMarket Report, published in 2013, this study demonstrates that green building continues to influence construction in both developed and developing economies.

One of the study's major findings is that global green building continues to double every three years.

"Emerging economies like Brazil, India, Saudi Arabia and South Africa will be engines of green growth in the next three years, with development varying from twofold to sixfold over current green building levels," say Stephen A. Jones, Senior Director for Industry Insights Research at Dodge Data & Analytics, and John Mandyck, Chief Sustainability Officer for United Technologies Corporation, in the report's introduction. 

The study also reveals that green building expansion will continue in developed countries like the United States, Germany and the United Kingdom. Across all regions, many survey respondents expect that more than 60% of their projects will be green by 2018. 

"Since economic forces are the most important drivers for many of the countries surveyed in this report, it is crucial to demonstrate the positive financial and business impacts of building green," Jones and Mandyck write. "The study found that green buildings offer significant operational cost savings compared with traditional buildings. To this effect, respondents expect a 14% savings in operational costs over five-year savings for new green buildings and 13% savings in operational costs over five years for green retrofit and renovation projects." 

A free copy of the 64-page report is available for download: The World Green Building Trends 2016 SmartMarket Report.