Guidehouse Insights has released a new report on decarbonising the building sector.
According to the United Nations (UN), the global buildings sector accounts for almost 40 per cent of global energy use and 38 per cent of energy-related CO2 emissions annually.
In 2019, global CO2 emissions from buildings operations reached the highest levels ever recorded.
According to the UN, nearly 55 per cent of global electricity consumption is due to building operations.
Decarbonising heat is thus imperative to meet greenhouse gas (GHG) reduction goals set by countries, cities and corporations around the globe.
Multiple technologies are available, heat pump solutions are widely used in global markets and are one of the most efficient ways of heating space.
Hydrogen boilers are an emerging technology that is anticipated to play a more important role in heat decarbonisation in the decades to come.
This Guidehouse Insights report explores market trends and provides a global forecast of heat decarbonisation solutions.
The forecasts are segmented by heat pumps and hydrogen boilers. VRF heat pump systems are also considered in the commercial sector.
The forecast is further segmented by commercial and residential buildings, as well as five global regions: North America, Europe, Asia Pacific, Middle East, Africa, and Latin America. Forecasts extend through to 2030.