Energy-efficient Windows Market is expected to grow at a robust CAGR During Forecast Period
Global Energy-efficient Windows Market is expected to grow owing to rising demand from solar panels, automobiles, and the building and construction industries throughout the forecast period.
According to TechSci Research report, “Energy-efficient Windows Market- Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the Global Energy-efficient Windows Market is expected to register robust growth during the forecast period. The growth of the energy efficient market industry is primarily driven by the reduction in energy and air conditioning costs resulting from the adoption of energy efficient windows. The implementation of energy efficient windows can lead to annual savings of up to 15% on air conditioning expenditures. Moreover, the increasing demand for electricity, driven by population growth and greater reliance on electric appliances, artificial air conditioning, and other factors, further underscores the importance of energy efficient devices.
Stringent building codes and energy efficiency regulations in different countries are driving an increasing demand for energy-efficient windows. Window manufacturers have an opportunity to meet these requirements by offering compliant products.
Moreover, the demand for green building certifications such as LEED (Leadership in Energy and Environmental Design) and BREEAM (Building Research Establishment Environmental Assessment Method) is steadily rising. Energy-efficient windows play a crucial role in attaining these certifications.
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Based on glazing type, the Double Glazed segment is expected to dominate the market during the forecast period. Factors driving growth include stricter energy efficiency regulations, increasing energy costs, and a growing emphasis on reducing greenhouse gas emissions. Emerging markets in Asia and the Middle East are also displaying heightened interest in energy-efficient windows. Low-E (low emissivity) coatings are frequently applied to one or both glass surfaces to minimize heat transfer and improve insulation. Advanced spacer technologies aid in maintaining the gap between the glass panes, preventing heat leakage. High-performance double-glazed windows possess low U-factors and SHGC values, indicating superior insulation and reduced solar heat gain. They offer enhanced sound insulation, thereby enhancing comfort. UV protection coatings can prevent fading of interior furnishings and reduce the risk of skin cancer. They contribute to sustainability objectives and may assist in obtaining green building certifications. Ongoing research endeavors may result in the development of even more energy-efficient materials and technologies. In conclusion, the double-glazed sector of the global energy-efficient windows market is a crucial element in the pursuit of energy conservation and sustainability in building construction. As energy efficiency remains a priority, this segment is expected to witness continuous growth and innovation.
Based on end-use sector, the Residential segment is projected to dominate the market throughout the forecast period. Factors such as government incentives, green building certifications, and homeowner preferences have significantly contributed to the growth of the residential segment in the global energy-efficient windows market. Developing countries experiencing rising incomes and urbanization are also witnessing an increasing adoption of energy-efficient windows. These windows are made from various materials including vinyl, wood, aluminum, or fiberglass, each offering distinct insulation properties. Homeowners often seek Energy Star certification as it indicates compliance with energy efficiency standards. Energy-efficient windows provide multiple benefits such as protection against UV damage and fading of furniture and flooring, as well as improved sound insulation for creating quieter indoor environments. Additionally, government incentives and rebates can help offset the initial expense of installing energy-efficient windows, aligning with sustainability goals and potentially increasing the resale value of homes. Regular maintenance, including cleaning and checking seals, is necessary to ensure long-term performance of energy-efficient windows. In conclusion, the residential segment of the global energy-efficient windows market is driven by the desire for energy savings, improved comfort, and environmental responsibility among homeowners. As technology advances and consumer preferences evolve, this segment is expected to witness continued growth and innovation in the coming years.
Key market players
in the Global Energy-efficient Windows Market are:-
- Saint-Gobain S.A.
- Asahi Glass Co. Ltd.
- VKR Holdings A/S
- PGT Innovations, Inc.
- Cornerstone Building Brands
- Andersen Corporation
- Rehau Limited
- YKK Corporation
- Jeld-Wen Holding, Inc.,
- Deceuninck Group
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“The Energy-efficient Windows Market in North America is poised to be the dominant force in the industry. North American manufacturers lead the way in developing cutting-edge window technologies, such as low-E coatings, gas-filled panes, and smart window systems. These innovations meet the high-performance product requirements of the region. North America showcases a diverse range of climates, spanning from harsh winters in the northern regions to hot summers in the south. To ensure optimal comfort and energy efficiency across these varied conditions, the use of energy-efficient windows becomes crucial.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Energy-efficient Windows Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Glazing Type (Double Glazed, Triple Glazed and Others), By End-use Sector (Non-residential and Residential), By Component (Glass, Frame and Hardware), By Application (New construction and Renovation & reconstruction), By Region, By Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of Global Energy-efficient Windows Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Energy-efficient Windows Market.
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