Europe Building Renovation Market: Analysis By Building Type (Residential & Non-Residential) By Segment (Energy & Non-Energy Renovation) Size and Trends with Impact of COVID-19 and forecast up to 2026
In 2021, European Building Renovation market was valued at US$956.88 billion in 2021, and is expected to reach up to US$1012.47 billion in 2026. Building renovation provides their services by offering energy & non-energy renovation solutions to homeowners. The significance for building renovation is increasing as buildings are responsible for generating 36% of green house gas emission in EU.
Building Renovation is serving as a potential way to tackle climate change while simulatenously creating employment opportunities for the people. In building renovation, focus would be on increasing the rate of deep renovation, as it has the potential of saving energy up to or more than 60%. State governments are implementing regulatory measures like mimmum energy performance standards and energy performance certificate. For instance, France is planning to introduce a minimum standard base for the reduction of energy consumption (in KWh/m2/yr) compared to consumption in a reference year (40% in 2030, 50% in 2040 and 60% in 2050).
Market Segmentation Analysis:
By Building Type: The report involves the bifurcation of building types into two types; Residential & Non-Residential. Residential buildings segment accounted for the highest share in building renovation market by holding 52.93% share. Focus on building renovation will not only tackle climate change (since they are capable of reducing energy consumption by 5-6%), but it can also solve the problem of energy poverty in EU. As per EC estimates that 34 million Europeans are unable to keep their homes adequately warm and with it hoping to solve the problem of energy poverty.
By Segment: The report further involves the bifurcation of segments in renovation market; Energy & Non-Energy. Energy renovation segment presents the most promising as EC aims to double the annual energy renovation rate of residential and non-residential buildings by 2030 and to foster deep energy renovation. Because at present only 11% of the EU existing building stock is renovated each year, and it has also been observed that these renovations rarely addresses the energy performance. Since, energy renovation rate is low at 1% and deep renovation only recording 0.2% per year. And given the fact that EC has revised its target from 44% GHG emission to 55% GHG emissions. Given EC targets and estimates, it is safe to say that energy renovation might be performing well in the market in coming years.
Europe Building Renovation Dynamics:
Growth Drivers: The installation of insulation for building renovation would help the market to register growth in coming years. As of now, there are 50 active incentive schemes, and 60% of them either focus on insulation or specifically mentioned it. The focus on insulation is happening because insulation provides the biggest saving on energy bills, putting initial investment, roofing and wall insulation into consideration the investment can generate 7% ROI, which is expected to be the reason behind being the key beneficiary of the building renovation agenda. However, significant factors such as quality upgradation of housing stock through EPC, government initiatives, urbanization, and lower than expected rate in green house gas emission reduction would provide the market required impetus it demands.
Challenges: The market also have to deal with some of the challenges such as problem with financing and little progress made in the market. These challenges are somewhat hampering market growth in coming years. Renovation of a house demands higher upfront cost with respect to its long-term return on investment. Since most of the building stock being devoted to the residential sector which put most of the pressure onto the private owners. This put government in a difficult position since they haven’t been able to find a suitable solution for it.
Trends: European building renovation market growth would be receiving significant push from green deal, as it is expected that green deal can provide 20-25% upside to the market if its funds were able to bridge the investment gap. Other significant factor, Regulatory Instruments to invigorate building energy renovation is also capable of generating required impetus in the market. As under this, state government and EC are exploring the possibilities of EPC and building renovation passport. These regulatory measure are expected to encourage private owners for energy renovation, thus helping the market to grow.
Impact Analysis of COVID-19 and Way Forward:
Europe building renovation market has also absorbed a slowdon due to halt in operations of construction industry. The pandemic also provided a way for government to revamp the economy by creating employment opportunities for skilled workforce through making significant investment in the segment. The pandemic also brought forth the problem of energy poverty and presented itself as a reliable solution. In post-COVID world, it is expected that government would be more focused towards regional renovation than national as some of the developed regions are in better position of promoting the structural policies, as they are the direct beneficiary of structural funds. The concern regarding construction materials will be visible as still many of the materials ain’t green and this would defeat the purpose of building renovation in a broader picture prespective.
Competitive Landscape:
Europe building renovation market is moderately fragmented, with many players operating in the market.
The key players of Europe building renovation market are:
Effiage, S.A.
Sika AG
RockWool International A/S
Kingspan Group PlC
Skanska AB
Legrand
Schneider Electric SE
Saint-Gobain
ENGESA
Guildmore Ltd.
Sika AG focuses on the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector. The company strongly focuses on energy-efficiency and cost-effectiveness helped the company in maintaining a strong customer base. RockWool International A/S and Saint-Gobain are better placed in the market in order to reap the benefits from Green Deal upside in the market.
Scope of the Report:
The report titled “Europe Building Renovation Market: Analysis By Building Type (Residential & Non-Residential) By Segment (Energy & Non-Energy Renovation), By Size and Trends with Impact of COVID-19 and forecast up to 2026”, includes :
-- An in-depth analysis of Europe Building Renovation market by value, by building type, by segment, etc.
-- A detailed analysis of Europe building renovation market by regional renovation plans building floor area, and deep renovation spending.
-- Comprehensive information about Europe market. This report analyses the market as per energy renovation rate in building stock (both residential & non-residential)
-- Provides an analysis of the COVID-19 impact on Europe building renovation market.
-- Assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall Europe building renovation market has also been forecasted for the period 2022-2026, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.
-- Evaluation of the potential role of building renovation in Europe to tackle climate change and significance in achieving the targets set for 2030 and 2050 by EU.
-- Identification of the existing building stock (residential & non-residential) by energy class and spending done on deep renovation as % of total renovation spending & energy related spending.
-- In-depth profiling of the key players, including the assessment of the business overview, market strategies, regional and business segments of the leading players in the market.
-- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
-- The in-depth analysis provides an insight into the Market, underlining the growth rate, opportunities and regional poilices for building renovation (both in forced and planned) has been provided in the report.
Tags :
1. Executive Summary
2. Introduction
2.1 Building Renovation: An Overview
2.1.1 Advantages of Green Building Renovation
2.1.2 Types of Building Renovation
2.1.3 Energy and Non-Energy Renovation
2.2 Building Renovation Segmentation: An Overview
2.2.1 Building Renovation Segmentation
2.3 Energy Renovation Segmentation: An Overview
2.3.1 Energy Renovation Segmentation
3. Europe Market Analysis
3.1 Europe Building Renovation Market: an Analysis
3.1.1 Europe Building Renovation Market by Value
3.1.2 Europe Building Renovation Market by Building Stock Renovated
3.1.3 Europe Building Renovation Market by Building Type (Residential, Non-Residential & Infrastructure)
3.1.4 Europe Building Renovation Market by Segments (Energy & Non-Energy Renovation)
3.2 Europe Building Renovation Market: Building Type Analysis
3.2.1 Europe Residential Building Renovation Market by Value
3.2.2 Europe Non-Residential Building Renovation Market by Value
3.3 Europe Building Energy Renovation Market: An Analysis
3.3.1 Europe Building Energy Renovation Market by Value
3.4 Europe Building Renovation Market: Regional Analysis
3.4.1 Europe Building Renovation Market by Regional Renovation Plans
3.4.2 Europe Building Renovation Market by Building Floor Area
3.4.3 Europe Building Renovation Market by Energy Class
3.4.4 Europe Deep Residential Renovation Spending by Region
3.4.5 Europe Deep Non-Residential Renovation Spending by Region
4. Regional Market Analysis
4.1 EU28 Building Renovation Market: An Analysis
4.1.1 EU28 Residential Building Renovation Market by Rates
4.1.2 EU28 Non-Residential Building Renovation Market by Rates
4.2 Austria Building Renovation Market: An Analysis
4.2.1 Austria Residential Building Renovation Market by Rates
4.2.2 Austria Non-Residential Building Renovation Market by Rates
4.3 Bulgaria Building Renovation Market: An Analysis
4.3.1 Bulgaria Residential Building Renovation Market by Rates
4.3.2 Bulgaria Non-Residential Building Renovation Market by Rates
4.4 Czech Republic Building Renovation Market: An Analysis
4.4.1 Czech Republic Residential Building Renovation Market by Rates
4.4.2 Czech Republic Non-Residential Building Renovation Market by Rates
4.5 France Building Renovation Market: An Analysis
4.5.1 France Residential Building Renovation Market by Rates
4.5.2 France Non-Residential Building Renovation Market by Rates
4.6 Germany Building Renovation Market: An Analysis
4.6.1 Germany Residential Building Renovation Market by Rates
4.6.2 Germany Non-Residential Building Renovation Market by Rates
4.7 Greece Building Renovation Market: An Analysis
4.7.1 Greece Residential Building Renovation Market by Rates
4.7.2 Greece Non-Residential Building Renovation Market by Rates
4.8 Italy Building Renovation Market: An Analysis
4.8.1 Italy Residential Building Renovation Market by Rates
4.8.2 Italy Non-Residential Building Renovation Market by Rates
4.9 Netherlands Building Renovation Market: An Analysis
4.9.1 Netherlands Residential Building Renovation Market by Rates
4.9.2 Netherlands Non-Residential Building Renovation Market by Rates
4.10 Portugal Building Renovation Market: An Analysis
4.10.1 Portugal Residential Building Renovation Market by Rates
4.10.2 Portugal Non-Residential Building Renovation Market by Rates
4.11 Romania Building Renovation Market: An Analysis
4.11.1 Romania Residential Building Renovation Market by Rates
4.11.2 Romania Non-Residential Building Renovation Market by Rates
4.12 Slovakia Building Renovation Market: An Analysis
4.12.1 Slovakia Residential Building Renovation Market by Rates
4.12.2 Slovakia Non-Residential Building Renovation Market by Rate
4.13 Spain Building Renovation Market: An Analysis
4.13.1 Spain Residential Building Renovation Market by Rates
4.13.2 Spain Non-Resident Building Renovation Market by Rates
4.14 Sweden Building Renovation Market: An Analysis
4.14.1 Sweden Residential Building Renovation Market by Rates
4.14.2 Sweden Non-Residential Building Renovation Market by Rates
4.15 UK Building Renovation Market: An Analysis
4.15.1 UK Residential Building Renovation Market by Rates
4.15.2 UK Non-Residential Building Renovation Market by Rates
5. Impact of COVID-19
5.1 Impact of COVID-19
5.1.1 Impact of COVID-19 on Europe Building Renovation Market
5.1.2 Post-COVID Scenario
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Installation of Insulation for Building Renovation
6.1.2 Little Progress made in Green House Gas Emission Reduction
6.1.3 Urbanization
6.1.4 Government Initiatives for Building Renovation
6.1.5 Quality Up gradation of Housing Stock through EPC
6.2 Challenges
6.2.1 Problem with Financing
6.2.2 Little Progress made in the Market
6.3 Market Trends
6.3.1 European Green Deal
6.3.2 Sustainability in Building Materials
6.3.3 Building Information Modeling .
6.3.4 Regulatory Instruments to Foster Energy Renovation
7. Competitive Landscape
7.1 Europe Building Renovation Market Players: End-Market Exposure Comparison
8. Company Profiles
8.1 Eiffage S.A.
8.1.1 Business Overview
8.1.2 Business Segments
8.1.3 Business Strategy
8.2 Sika AG
8.2.1 Business Overview
8.2.2 Business Segments
8.2.3 Business Strategy
8.3 RockWool International A/S
8.3.1 Business Overview
8.3.2 Business Segment
8.3.3 Business Strategy
8.4 Kingspan Group plc
8.4.1 Business Overview
8.4.2 Business Segment
8.4.3 Business Strategy
8.5 Skanska AB
8.5.1 Business Overview
8.5.2 Business Segment
8.5.3 Business Strategy
8.6 Legrand
8.6.1 Business Overview
8.6.2 Business Segments
8.6.3 Business Strategy
8.7 Schneider Electric SE
8.7.1 Business Overview
8.7.2 Business Segment
8.7.3 Business Strategy
8.8 Saint-Gobain
8.8.1 Business Overview
8.8.2 Business Segment
8.8.3 Business Strategy
8.9 ENGESA
8.9.1 Business Overview
8.10 Guildmore Ltd.
8.10.1 Business Overview
Figure 1: Advantages of Green Building Renovation
Figure 2: Types of Building Renovation
Figure 3: Energy and Non-Energy Renovation Activities
Figure 4: Building Renovation Segmentation
Figure 5: Energy Renovation Segmentation
Figure 6: Europe Building Renovation Market by Value; 2019-2021 (US$ Billion)
Figure 7: Europe Building Renovation Market by Value; 2022-2026 (US$ Billion)
Figure 8: Europe Building Renovation Market by Building Stock Renovated ; 2021-2026 (Million)
Figure 9: Europe Building Renovation Market by Building Type; 2021 (Percentage, %)
Figure 10: Europe Building Renovation Market by Segments; 2021 (Percentage, %)
Figure 11: Europe Residential Building Renovation Market by Value; 2019-2021 (US$ Billion)
Figure 12: Europe Residential Building Renovation Market by Value; 2022-2026 (US$ Billion)
Figure 13: Europe Non-Residential Building Renovation Market by Value; 2019-2021 (US$ Billion)
Figure 14: Europe Non-Residential Building Renovation Market by Value; 2022-2026 (US$ Billion)
Figure 15: Europe Building Energy Renovation Market by Value; 2019-2021 (US$ Billion)
Figure 16: Europe Building Energy Renovation Market by Value; 2022-2026 (US$ Billion)
Figure 17: European Building Renovation Market by Regional Renovation Plans
Figure 18: Europe Breakdown of Building Floor Area by Region; 2021 (Percentage, %)
Figure 19: Europe Share of Existing Residential & Non-Residential Buildings with lowest Energy Class by Region; 2021 (Percentage, %)
Figure 20: Europe Deep Residential Renovation Spending as a % of Total Renovation Spending & Energy Related Spending by Region; 2021 (Percentage, %)
Figure 21: Europe Deep Non-Residential Renovation Spending as a % of Total Renovation Spending & Energy Related Spending by Region; 2021 (Percentage, %)
Figure 22: EU28 Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 23: EU28 Non-Residential Building Renovation Market by Rates; 2021 (Percentage, %)v
Figure 24: Austria Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 25: Austria Non-Residential Building Renovation Market by Rates; 2021 (Percentage, %)v
Figure 26: Bulgaria Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 27: Bulgaria Non-Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 28: Czech Republic Residential Renovation Market by Rates; 2021 (Percentage, %)
Figure 29:Czech Republic Non-Residential Renovation Market by Rates; 2021 (Percentage, %)
Figure 30: France Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 31: France Non-Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 32: Germany Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 33: Germany Non-Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 34: Greece Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 35: Greece Non-Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 36: Italy Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 37: Italy Non-Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 38: Netherlands Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 39: Netherlands Non-Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 40: Portugal Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 41: Portugal Non-Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 42: Romania Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 43: Romania Non-Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 44: Slovakia Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 45: Slovakia Non-Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 46: Spain Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 47: Spain Non-Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 48: Sweden Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 49: Sweden Non-Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 50: UK Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 51: UK Non-Residential Building Renovation Market by Rates; 2021 (Percentage, %)
Figure 52: UK Estimated Territorial Greenhouse Gas emission from Residential Buildings; 2015-2020 (Metric Tonnes Carbon Dioxide equivalent, MTCO2e)
Figure 53: European Urban Population with % of Total European population; 2016-2020 (Million, Percentage, %)
Figure 54: Eiffage S.A. Revenue by Segment; 2021 (Percentage, %)
Figure 55: Sika AG Net Sales by Operating Segments; 2021 (Percentage, %)
Figure 56: Rockwool International A/S Revenue by Segment; 2021 (Percentage, %)
Figure 57: Kingspan Group plc Revenue by Segment; 2021 (Percentage, %)
Figure 58: Skanska AB Revenue by Segment; 2021 (Percentage, %)
Figure 59: Legrand Net Sales by Segment; 2021 (Percentage, %)
Figure 60: Schneider Electric SE Revenue by Segment; 2021 (Percentage, %)
Figure 61: Saint-Gobain Sales by Segments; 2021 (Percentage, %)
Table 1: Major European Government Incentives
Table 2: European Government Fiscal Measures
Table 3: Europe Building Renovation Market Players; End Market Exposure Comparison; 2021 (Percentage, %)
