Green building across the world is increasing at a pace that it doubles every three years, and it's expected to continue this pace as emerging economies like Brazil and India increase their efforts.
According to the Dodge Data & Analytics World Green Building Trends 2016 SmartMarket Report, released in conjunction with the USGBC, the demand for green building as pushed the market to a trillion-dollar industry, with the green building materials market expected to reach $234 billion by 2019.
Economic forces were cited as the most important drivers for many of the countries surveyed. The report found that green buildings offer significant operational cost savings compared with conventional buildings. To this effect, respondents expect a 14 percent savings in operational costs over five-year savings for new green buildings and 13 percent savings in operational costs over five years for green retrofit and renovation projects. Building owners also report that green buildings—whether new or renovated—command a 7 percent increase in asset value over conventional buildings.