Market Overview:
The Global Energy-Efficient Window Market Was Valued At USD 14.79 Billion In 2021 And Is Expected To Reach USD 24.06 Billion By The Year 2028, At A CAGR Of 7.2%.
Anenergy-efficientwindow helps in lowering the amount of artificial heating and cooling that is used in a structure. Windows that insulate against heat and cold four times better than normal windows have been made possible by technological breakthroughs in the previous 25 years. The burden exerted on heating and cooling systems as well as their operational expenses are decreased by increased insulation in energy-efficient windows. Energy-efficient glass windows offer outstanding thermal comfort to any area because they can maintain appropriate interior temperatures. A variety of materials and designs are available for energy-efficient windows.
Top Key Players Covered In The Energy-Efficient Window Market:
- Apogee Enterprises Inc. (US)
- Asahi Glass Co. Ltd. (Japan)
- Saint-Gobain SA (France)
- Central Glass Co. Ltd. (Japan)
- Atrium Corporation (US)
- SCHOTT AG (Germany)
- Builders FirstSource Inc. (US)
- Dunes Point Capital (US)
- Anderson Corp. (US)
- SVPGLOBAL (US), and Other Major Players.
Market Dynamics and Factors:
In areas with a lot of moisture, condensation may be a major issue. When it comes to moisture, bathrooms, and kitchens are typically the worst offenders. Before it condenses on the cool glass, the moisture in the air vaporizes, forming pools and streaks. Additionally, the increased water content might promote the spread of mildew, which can harm homes and other properties. Energy-efficient windows may significantly reduce condensation in the home, which will help the market for these windows grow throughout the projection period. Additionally, the predicted growth of the energy-efficient window market is being bolstered by the increasing adoption of energy-efficient windows in hospitals, hotels, workplaces, airports, and educational institutions.
There is a high demand for energy-efficient windows because people in developed and developing countries are becoming more aware of the benefits of these windows over standard ones. More than 20% of the energy used in American buildings comes from residential structures. Additionally, they represent 25% to 30% of total home heating and cooling energy use. To maintain a comfortable temperature in the room, more power is required. Thus, energy-efficient windows are being used in commercial buildings in the US, providing profitable opportunities for market participants in this area. The cost of building hospitals and educational institutions has increased in emerging nations, opening up lucrative opportunities for market participants.
Energy-Efficient Window Market Report Highlight:
- By component, the glass segment is anticipated to lead the growth of the Energy-Efficient Window market in the forecasted timeframe. The majority of the energy generated on the planet comes from non-renewable sources, which results in a rise in the production of greenhouse gases (GHGs). People are using cutting-edge technology to lower energy consumption; as a result, they are integrating energy-efficient windows into their residential and commercial structures. Transparent glass is used, which helps to block UV and infrared radiation and keep a comfortable temperature in the home or structure.
- By glazing, the triple low-E glazing segment is expected to have the highest share of the Energy-Efficient Window market over the projected period. Low-E glass, which has a low iron content and is frequently used in European windows, helps to reduce the amount of infrared heat absorbed from the sun. These glazing panes help reduce summertime heat buildup within the house.
- By application, the replacement & renovation segment is anticipated to lead the growth of the energy-efficient window market. 25% to 30% of heat gain and heat loss through windows are attributable to residential heating and the use of cooling energy. People are becoming aware of the advantages given by energy-efficient windows. People were forced to work from home because of the COVID-19 epidemic, which led to many people fixing and remodeling their outdated windows.
- By end-users, the commercial segment is set to develop at the highest share during the forecasted timeframe. Energy-efficient windows can assist in lowering maintenance and repair expenses. Commercial building windows require routine maintenance. Additionally, efficient commercial properties have superior selling prices, rental prices, and asset valuations, which, according to research, is what is fueling the expansion of this market.
- The Europe region is expected to have the highest share of the Energy-Efficient Window market over the projected period. Due to the significantly higher cost of energy in Europe, including electricity and petrol, European homeowners strive to make their homes as energy-efficient as possible. Low-E glass is the most popular windowpane choice among local households.
Key Industry Development:
In January 2022, SVPGLOBAL announced its acquisition of Associated Materials, a globally renowned manufacturer of vinyl windows, vinyl cladding, and metal siding and trim with $1.6 billion in annual sales and a vertically integrated building products firm. Following the purchase, Associated Materials will join SVPGLOBAL's portfolio of companies and continue to offer its customers high-quality products and services.
Energy-Efficient Window Market Segmentation:
By Component
- Glass
- Frame
- Hardware
By Glazing
- Double Glazing
- Triple Low-E Glazing
By Application
- Replacement & Renovation
- New Construction
By End-Users
- Residential
- Commercial
For this report, Introspective Market Research has segmented the Energy-Efficient Window Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
North America
- The U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest Of Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
