Over the next five years, according to a subscription report published by Environmental Leader, total United States green building market value is expected to increase from $71.1 billion to $173.5 billion. The EL Insights report projects a compound annual growth rate of 19.5% in green building market value from 2010 through 2015.
Also, green building opportunities could create roughly 30% more jobs in the construction industry with EL Insights seeing the potential for 2.5 million new American jobs.
At the same time, American demand for green building products is expected to reach $80 billion by 2013, according to a separate report by the Freedonia Group, Inc. The Freedonia report estimated an increase in demand of about 7.2% per year on average over five years.
Media credit: Environmental Leader.