Market overview:
Eco-Friendly Green Roofs Market has been valued US$ 9.05 billion in the year 2021 and it is estimated to reach US$ 15.56 billion by the year 2027, with a CAGR of xx% from 2022 to 2027. Eco-Friendly Green Roofs as the rooftop of a structure, typically a building, which is covered fully or partially by vegetation. This vegetative layer is grown with the intention of increasing the building's overall energy efficiency, mainly by reducing its internal temperature; these are the main factors that have considerably increased the demand for the Eco-Friendly Green Roofs in the market, thereby driving the huge growth of the Eco-Friendly Green Roofs Market in the upcoming years
Market Drivers and Restrains:
The main factors that have considerably increased the demand for the Eco-Friendly Green Roofs in the market is mainly due to the growing awareness regarding these systems across various application areas, high adoption of green roofing materials especially in residential areas and tax benefits offered to private companies by governments globally are the major factors driving the growth of green roof market. The increasing new buildings and existing buildings in the city undergoing major roof renovations activities, the implementation of regulations on installing solar photovoltaic systems, living roof systems or a combination of both and the growth in awareness regarding environmental impact accelerate the green roof market growth. The expansion of residential construction sector, the improved standard of living and increasing investment in the infrastructural development by private and public sectors influence the green roof market. Additionally, growing population, rapid industrialization and urbanization, rising disposable income, manufacturers providing training sessions related to installation and maintenance of living roofs and change in lifestyles positively affect the green roof market; these are the main factors that have considerably increased the demand for the Eco-Friendly Green Roofs in the market, thereby driving the huge growth of the Eco-Friendly Green Roofs Market in the upcoming years
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Report is segmented as:
Eco-Friendly Green Roofs Market is segmented on the basis of by:
By Type (Extensive Roof, Semi Intensive and Intensive Roof),
By End-User (Residential, Industrial and Commercial)
Geographical Segmentation:
Eco-Friendly Green Roofs Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Eco-Friendly Green Roofs is due to the rising number of construction activities these are the main factors that have considerably increased the demand for the Eco-Friendly Green Roofs Market in the North America, followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Eco-Friendly Green Roofs Market
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Impact of COVID-19 on Market
The COVID-19 pandemic continues to radically trade that amplify of variety of industries; however, the immediate have an effect on of the outbreak is varied. While some industries will register a visit demand, several others will proceed to remain unscathed and showcase promising increase opportunities. COVID-19 will have an occasional have an effect on the Eco-Friendly Green Roofs market. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Eco-Friendly Green Roofs Market growth
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