The global nonresidential green buildings market is expected to decline from $85.1 billion in 2019 and to $79.05 billion in 2020 at a compound annual growth rate (CAGR) of -7.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The criteria for green building constructions are expected to change in preparedness to prevention and control of such pandemic diseases in coming years. The market is then expected to recover and reach $103.08 billion in 2023 at CAGR of 9.3%.
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