Green Building Blog: Green Buildings Geared for a Boom

April 10th, 2010    Posted by George Trimarche |  Posted in Energy-Savings, Green Construction | No Comments »  

Green building construction continues to boom and the green building industry is expected to almost double by 2020, so says a New York based emerging technology consulting firm, Lux Research. The green building industry in the US is currently at $144 billion and it is expected to grow to about $277 billion in less than 10 years.

Lux Research focuses on looking at "uncovering opportunities" in the green building market and feels that the growth will come from services, materials, and equipment that will be instrumental in creating energy efficiency or reducing the usage of materials in a building. They also state that the biggest growth can come from the energy service companies due to the huge demand that continues to grow at a fast pace.

Lux Research also states that technologies such as rooftop solar systems and and water heating systems will see immense growth with the implementation of new technologies that will create efficiencies.

All in all, sounds like the green building market is the right industry to be in for all of us so I'm for sure looking forward to the growth.

 

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