EXECUTIVE SUMMARY: Global Building Stock Database Commercial and Residential Building Floor Space by Country and Building Type:

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1 EXECUTIVE SUMMARY: Global Building Stock Database Commercial and Residential Building Floor Space by Country and Building Type: NOTE: This document is a free excerpt of a larger report. If you are interested in purchasing the full report, please contact Pike Research at sales@pikeresearch.com. Published 2Q 2012 Eric Bloom Senior Analyst

2 Section 1 EXECUTIVE SUMMARY 1.1 Overview Knowledge of the size and composition of the global building stock is essential for understanding the building environment and the potential market for new energy efficiency and renewable energy technologies. Commercial, residential, and industrial buildings are responsible for 49% of the world s energy consumption and 47% of global greenhouse gas emissions. Much of this energy is consumed needlessly and can be reduced through costeffective measures. Hard data describing the size and character of the global building footprint is scarce. Several countries, such as the United States, conduct periodic energy consumption surveys of the residential, commercial, and/or industrial building stock of their own building stock. In addition, several other countries record construction activity for certain specific building types using metrics like construction/housing starts or other construction process submittals. However, a number of gaps remain in the building types covered and in the years for which data are available, and data sets for countries can vary widely in their estimates of the total stock. 1.2 Scope of Coverage and Methodology Pike Research s Global Building Stock Database is a seamless data set that covers the complete commercial and residential building stock at a country level. The data set was generated through a comprehensive literature review as well as a rigorous quantitative modeling process. The data covers eight commercial and two residential building types for 224 countries over the period of 2011 to The commercial building types covered in this report include: Office Retail Education Healthcare Hotels & Restaurants Institutional/Assembly Warehouse Transport It also provides country-level detail on two residential building types: Single-family detached Multi-unit residential The size and character of the global building stock is influenced by a number of key factors. In the commercial sector, a specific country s economic activity, key governmental 1

3 initiatives and investments in infrastructure and public services, and the influence of multinational corporations can all have an impact on the most prevalent building types and growth over time. In the residential sector, living patterns, density, urbanization, and cultural preferences for certain types of residential spaces can determine the size of residential units and whether they are single-family detached houses or multi-unit residential units. The total building stock worldwide totaled billion m 2 in 2011, of which 75% was in residential buildings. Both the commercial and residential segments will experience growth in the next 10 years of 2.4% and 2.3%, respectively. Chart 1.1 Building Stock by Sector, World Markets: (Billion m 2 ) Residential Commercial (Source: Pike Research) 2

4 The total building stock will grow to billion m 2 at a CAGR of 2.3% over the course of the next decade. Most of the new growth will occur in China, where 2.0 billion m 2 are added to the commercial and residential building stock every year. North America and Western Europe each represent significant portions of the total building stock as well. Chart 1.2 Building Stock by Region, World Markets: (Billion m 2 ) Africa Asia Pacific Western Europe North America Middle East Eastern Europe Latin America (Source: Pike Research) The data provided in this report serves as an important starting point for any investment decisions or business planning relating to the built environment and can also serve as the basis for long-term energy consumption forecasts and carbon emissions potential. The report details the methodology used to estimate the global building stock, as well as the key trends in major countries. 3

5 Section 6 TABLE OF CONTENTS Section Executive Summary Overview Scope of Coverage and Methodology... 1 Section Market Issues Methodology Literature Review of Secondary Resources Quantitative Model Key Building Stock Growth Metrics Other Building Stock Growth Metrics Commercial Building Types Office Retail Education Healthcare Hotels & Restaurants Institutional/Assembly Warehouse Transport Residential Building Types Single-Family Detached Multi-Unit Residential Building Stock Patterns Geographic Segmentation Definition of Gross Floor Area Time Period Units Building Stock Growth Vacancy Section Forecasts Overview North America United States Commercial Buildings Residential Buildings Canada Commercial Buildings Residential Buildings Rest of North America Commercial Buildings Residential Buildings Latin America Brazil Commercial Buildings Residential Buildings

6 3.3.2 Rest of Latin America Commercial Buildings Residential Buildings Western Europe United Kingdom Commercial Buildings Residential Buildings Germany Commercial Buildings Residential Buildings France Commercial Buildings Residential Buildings Rest of Western Europe Commercial Buildings Residential Buildings Eastern Europe Russia Commercial Buildings Residential Buildings Rest of Eastern Europe Commercial Buildings Residential Buildings Asia Pacific China Commercial Buildings Residential Buildings India Commercial Buildings Residential Buildings Japan Commercial Buildings Residential Buildings South Korea Commercial Buildings Residential Buildings Australia Commercial Buildings Residential Buildings Rest of Asia Pacific Commercial Buildings Residential Buildings Middle East United Arab Emirates Commercial Buildings Residential Buildings Rest of the Middle East Commercial Buildings Residential Buildings Africa South Africa Commercial Buildings Residential Buildings

7 3.8.2 Rest of Africa Commercial Buildings Residential Buildings Section Appendix A: Countries and Other Political Entities by Region North America Latin America Western Europe Eastern Europe Asia Pacific Middle East Africa Section Acronym and Abbreviation List Section Table of Contents Section Table of Charts and Figures Section Scope of Study Sources and Methodology Notes

8 Section 7 TABLE OF CHARTS AND FIGURES Chart 1.1 Building Stock by Sector, World Markets: Chart 1.2 Building Stock by Region, World Markets: Chart 2.1 Share of Gross Domestic Product by Region, World Markets: Chart 2.2 Total Building Space per Capita by Region, World Markets: Chart 2.3 Population by Region, World Markets: 2011 and Chart 3.1 Commercial Building Stock by Building Type, United States: Chart 3.2 Residential Building Stock by Segment, United States: Chart 3.3 Commercial Building Stock by Building Type, Canada: Chart 3.4 Residential Building Stock by Segment, Canada: Chart 3.5 Commercial Building Stock by Building Type, North America: Chart 3.6 Residential Building Stock by Segment, North America: Chart 3.7 Commercial Building Stock by Building Type, Brazil: Chart 3.8 Residential Building Stock by Segment, Brazil: Chart 3.9 Commercial Building Stock by Building Type, Latin America: Chart 3.10 Residential Building Stock by Segment, Latin America: Chart 3.11 Relationship between Building Stock and GDP, Europe: Chart 3.12 Living Space per Capita, Europe: Chart 3.13 Commercial Building Stock by Building Type, United Kingdom: Chart 3.14 Residential Building Stock by Segment, United Kingdom: Chart 3.15 Commercial Building Stock by Building Type, Germany: Chart 3.16 Residential Building Stock by Segment, Germany: Chart 3.17 Commercial Building Stock by Building Type, France: Chart 3.18 Residential Building Stock by Segment, France: Chart 3.19 Commercial Building Stock by Building Type, Western Europe: Chart 3.20 Residential Building Stock by Segment, Western Europe: Chart 3.21 Commercial Building Stock by Building Type, Russia: Chart 3.22 Residential Building Stock by Segment, Russia: Chart 3.23 Commercial Building Stock by Building Type, Eastern Europe: Chart 3.24 Residential Building Stock by Segment, Eastern Europe: Chart 3.25 Commercial Building Stock by Building Type, China: Chart 3.26 Residential Building Stock by Segment, China: Chart 3.27 Commercial Building Stock by Building Type, India: Chart 3.28 Residential Building Stock by Segment, India: Chart 3.29 Commercial Building Stock by Building Type, Japan: Chart 3.30 Residential Building Stock by Segment, Japan: Chart 3.31 Commercial Building Stock by Building Type, South Korea: Chart 3.32 Residential Building Stock by Segment, South Korea: Chart 3.33 Commercial Building Stock by Building Type, Australia: Chart 3.34 Residential Building Stock by Segment, Australia: Chart 3.35 Commercial Building Stock by Building Type, Asia Pacific: Chart 3.36 Residential Building Stock by Segment, Asia Pacific: Chart 3.37 Commercial Building Stock by Building Type, United Arab Emirates: Chart 3.38 Residential Building Stock by Segment, United Arab Emirates: Chart 3.39 Commercial Building Stock by Building Type, Middle East: Chart 3.40 Residential Building Stock by Segment, Middle East: Chart 3.41 Commercial Building Stock by Building Type, South Africa: Chart 3.42 Residential Building Stock by Segment, South Africa:

9 Chart 3.43 Commercial Building Stock by Building Type, Africa: Chart 3.44 Residential Building Stock by Segment, Africa: Table 4.1 Countries of North America Table 4.2 Countries of Latin America Table 4.3 Countries of Western Europe Table 4.4 Countries of Eastern Europe Table 4.5 Countries of Asia Pacific Table 4.6 Countries of the Middle East Table 4.7 Countries of Africa

10 Section 8 SCOPE OF STUDY This Pike Research report provides a seamless data set covering eight commercial building types (office, retail, educational, healthcare, hotels & restaurants, institutional/assembly, warehouse, and transport) and two residential building segments (single-family detached and multi-unit residential) for 224 countries and other political entities. The report is intended to be a comprehensive data set for the entire commercial and residential building stock of these countries. It can be used to estimate market opportunities, energy consumption, and carbon emissions, as well as for other analytical purposes. A number of small countries were omitted from the report due to incomplete base data. While hard data on the total building stock were available for a number of large countries, the majority of residential and commercial spaces are not recorded in a consistent manner on a global scale. The figures provided in this report use the available data sources and a number of key indicators, such as GDP and population growth, to provide a rigorous estimate of the total building stock of every major country and the profile of buildings within those countries. The forecast period extends from 2011 to Figures are reported in units of m 2 unless otherwise specified. SOURCES AND METHODOLOGY Pike Research s industry analysts utilize a variety of research sources in preparing Research Reports. The key component of Pike Research s analysis is primary research gained from phone and in-person interviews with industry leaders, including executives, engineers, and marketing professionals. Analysts are diligent in ensuring that they speak with representatives from every part of the value chain, including but not limited to technology companies, utilities and other service providers, industry associations, government agencies, and the investment community. Additional analysis includes secondary research conducted by Pike Research s analysts and the firm s staff of research assistants. Where applicable, all secondary research sources are appropriately cited within this report. These primary and secondary research sources, combined with the analyst s industry expertise, are synthesized into the qualitative and quantitative analysis presented in Pike Research s reports. Great care is taken in making sure that all analysis is well supported by facts, but where the facts are unknown and assumptions must be made, analysts document their assumptions and are prepared to explain their methodology, both within the body of a report and in direct conversations with clients. Pike Research is an independent market research firm whose goal is to present an objective, unbiased view of market opportunities within its coverage areas. The firm is not beholden to any special interests and is thus able to offer clear, actionable advice to help clients succeed in the industry, unfettered by technology hype, political agendas, or emotional factors that are inherent in cleantech markets. 69

11 NOTES CAGR refers to compound average annual growth rate, using the formula: CAGR = (End Year Value Start Year Value) (1/steps) 1. CAGRs presented in the tables are for the entire timeframe in the title. Where data for fewer years are given, the CAGR is for the range presented. Where relevant, CAGRs for shorter timeframes may be given as well. Figures are based on the best estimates available at the time of calculation. Annual revenues, shipments, and sales are based on end-of-year figures unless otherwise noted. All values are expressed in year 2012 U.S. dollars unless otherwise noted. Percentages may not add up to 100 due to rounding. 70

12 Published 2Q Pike Research LLC 1320 Pearl Street, Suite 300 Boulder, CO USA Tel: This publication is provided by Pike Research LLC ( Pike ). This publication may be used only as expressly permitted by license from Pike and may not otherwise be reproduced, recorded, photocopied, distributed, displayed, modified, extracted, accessed or used without the express written permission of Pike. Notwithstanding the foregoing, Pike makes no claim to any Government data and other data obtained from public sources found in this publication (whether or not the owners of such data are noted in this publication). If you do not have a license from Pike covering this publication, please refrain from accessing or using this publication. Please contact Pike to obtain a license to this publication. 71