Energy
Efficient Glass Market is expected to grow at a fast CAGR during the forecast
period. Energy-efficient glass is a type of glass that is designed to minimize
heat transfer between the interior and exterior of a building, resulting in
improved thermal insulation and reduced energy consumption for heating and
cooling. It typically has special coatings or features that help to block or
reflect certain wavelengths of light, thereby reducing solar heat gain in the
summer and heat loss in the winter. There are several types of energy-efficient
glass available in the market, each with its features and benefits.
Some common
types include:
- Low-E
(low-emissivity) glass: This
type of glass has a microscopically thin coating that reflects heat, reducing
the amount of infrared and ultraviolet (UV) radiation that enters a building.
This helps to keep the interior cool in the summer and warm in the winter,
resulting in energy savings.
- Insulated
glass units (IGUs): IGUs
consist of two or more glass panes separated by an air or gas-filled space,
typically filled with argon or krypton gas. The gas acts as an insulator,
reducing heat transfer through the glass and improving thermal performance.
- Triple-glazed
glass: Like IGUs,
triple-glazed glass consists of three glass panes separated by air or
gas-filled spaces. Triple-glazed glass provides even better thermal insulation
compared to IGUs, making it highly energy-efficient.
- Tinted or
reflective glass: Tinted
or reflective glass has a special coating that reduces the amount of solar
radiation that passes through the glass, reducing heat gain in the interior. It
is commonly used in hot climates to reduce cooling costs.
- Electrochromic
glass: Electrochromic
glass is a type of smart glass that can change its tint or opacity in response
to an electric current. This allows for dynamic control of heat and light
transmission, making it highly energy-efficient and adaptable to changing
environmental conditions.
Energy-efficient
glass is widely used in windows, doors, and skylights in residential,
commercial, and industrial buildings to improve energy efficiency, reduce
greenhouse gas emissions, and lower heating and cooling costs. It is an
important component of green building design and sustainable architecture,
helping to create more energy-efficient and eco-friendly buildings.
Expansion of
Building And Construction Sector
The building
and construction sector is increasingly recognizing the importance of
sustainability and energy efficiency in modern construction practices, and this
is driving the demand for energy efficient glass in the market. Energy
efficient glass, also known as low-emissivity (low-E) glass, is designed to
reduce heat transfer through windows and other glazed surfaces, helping to
maintain comfortable indoor temperatures and reduce energy consumption for
heating and cooling.
The growing
demand for energy efficient glass in the building and construction sector can
be attributed to several factors. First, there is a growing awareness of the
need to reduce greenhouse gas emissions and combat climate change.
Energy-efficient glasses can help buildings reduce their carbon footprint by
reducing the need for artificial heating and cooling, thus lowering energy
consumption and associated emissions.
Second, energy
efficient glass can help improve the overall energy efficiency of buildings,
which is becoming an important consideration for building owners and
developers. Energy-efficient buildings can achieve lower operational costs by
reducing energy consumption, which can lead to significant savings in the long
run.
Third, stricter
building codes and regulations related to energy efficiency are being
implemented in many countries around the world. These regulations often require
the use of energy efficient materials, including glass, in new construction and
renovation projects. This is driving the demand for energy efficient glass as
builders and architects seek to comply with these regulations and achieve
higher energy performance ratings for their buildings.
Furthermore,
advancements in glass technology have led to the development of innovative
energy-efficient glass products that offer improved performance in terms of
thermal insulation, solar control, and glare reduction. These technological
advancements have expanded the range of options available for architects and
builders, making energy efficient glass a viable and attractive choice for
modern building designs.
Overall, the
growing demand from the building and construction sector for energy efficient
glass can be attributed to the increasing emphasis on sustainability, stricter
building codes and regulations, and advancements in glass technology. This
trend is expected to continue in the coming years as the construction industry
continues to prioritize energy efficiency and sustainability in building design
and construction practices.
Growing
Prominence of Green Buildings Propels Energy Efficient Glass Market
The growing
prominence of green buildings is indeed driving the market for energy efficient
glass across the world. Green buildings, which are designed to be
environmentally responsible and resource-efficient, place a strong emphasis on
energy efficiency, including the use of energy-efficient glass in windows and
facades. Energy-efficient glass, also known as high-performance or
low-emissivity (Low-E) glass, is designed to minimize heat transfer and reduce
energy consumption for heating, cooling, and lighting in buildings. Many
countries and regions have implemented energy efficiency regulations and
building codes that mandate the use of energy-efficient glass in new buildings
or building renovations. These regulations aim to reduce greenhouse gas
emissions, mitigate climate change, and lower energy consumption in the
building sector.
Green building
certifications, such as Leadership in Energy and Environmental Design (LEED),
Building Research Establishment Environmental Assessment Method (BREEAM), and
others, encourage and reward the use of energy-efficient materials, including
glass, in building construction.
Many developers,
architects, and building owners pursue green building certifications, which
drives the demand for energy-efficient glass. Energy-efficient glass can
significantly reduce the energy consumption of buildings by minimizing heat
gain in hot climates and heat loss in cold climates, thereby lowering heating,
cooling, and lighting costs. Building owners and operators are increasingly
recognizing the long-term cost savings associated with energy-efficient glass,
which incentivizes them to invest in such products. Energy-efficient glass can
contribute to the environmental sustainability of buildings by reducing
greenhouse gas emissions, decreasing the reliance on fossil fuels, and
conserving natural resources. As environmental awareness and concerns continue
to grow, the demand for energy-efficient glass is expected to increase.
In conclusion,
the growing prominence of green buildings, along with energy efficiency
regulations, green building certifications, energy cost savings, environmental
sustainability, and technological advancements, are driving the demand for
energy-efficient glass in the market. The increasing focus on sustainable and
energy-efficient building practices is expected to further boost the
energy-efficient glass market in the coming years.
Recent
Developments
- In January 2023, Saint-Gobain
unveiled ClimaGuard Solar, a fresh collection of energy-efficient glass
products. The primary objective behind these offerings is to decrease
energy consumption while simultaneously enhancing comfort levels within
buildings. By utilizing innovative design and technology, ClimaGuard Solar
effectively addresses the challenges of reducing energy usage and
improving the overall sustainability of structures.
- In February 2023, Nippon Sheet
Glass Co., Ltd. introduced Eco-Sun, an innovative energy-efficient glass
solution. This new product aims to combat solar heat gain and glare while
ensuring optimal visibility. With its advanced design, Eco-Sun assists in
reducing the undesirable effects of excessive heat and brightness,
providing a comfortable environment while maintaining excellent clarity.
The launch of Eco-Sun demonstrates Nippon Sheet Glass Co., Ltd.'s
commitment to delivering effective and sustainable glass solutions.
- In March 2023, AGC Group Inc.
introduced Solar Gard, a range of energy-efficient glass products. These
innovative offerings aim to minimize solar heat gain and glare while
ensuring excellent visibility. The launch of Solar Gard showcases AGC
Group Inc.'s commitment to delivering effective and sustainable glass
solutions for enhanced comfort and functionality.
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Market
Segmentation
Based on
glazing, the market is segmented into triple glazing, double glazing, and
single glazing. Based on coating, the market is segmented into hard coats and
soft coats. Based on industry vertical, the market is segmented into building
& construction, automotive, solar panels, and others. The market analysis
also studies the regional segmentation to devise regional market segmentation,
divided among North America, Europe, Asia-Pacific, South America, and Middle
East & Africa.
Company
Profiles
Key players in
the global energy efficient glass market are Abrisa Technologies, AGC Glass
Europe, Cardinal Glass Industries Inc., Central Glass Co. Ltd, guardian Glass
LLC, Morley Glass & Glazing Ltd, Nippon Sheet Glass Co. Ltd, Saint-Gobain,
Schott AG, and Ecam Group.
The energy
efficient glass market is highly competitive, with companies constantly seeking
to differentiate themselves through their expertise, and cost-effectiveness. As
the demand for innovative products continues to grow, the energy efficient
glass market is expected to expand further in the coming years.
|
Attribute
|
Details
|
|
Base
Year
|
2022
|
|
Historical
Years
|
2018 –
2021
|
|
Estimated
Year
|
2023
|
|
Forecast
Period
|
2024 – 2028
|
|
Quantitative
Units
|
Revenue
in USD Billion and CAGR for 2018-2022 and 2023E-2028F
|
|
Report
Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments
Covered
|
By Glazing
By Coating
By Industry
Vertical
By Region
|
|
Regional
Scope
|
Asia-Pacific,
North America, Europe, Middle East & Africa, and South America
|
|
Country
Scope
|
China, Japan, India, Australia, South Korea, United States,
Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Israel,
Turkey, Saudi Arabia, UAE, Brazil, Argentina, and Colombia
|
|
Key
Companies Profiled
|
Abrisa
Technologies, AGC Glass Europe, Cardinal Glass Industries Inc., Central Glass
Co. Ltd, guardian Glass LLC, Morley Glass & Glazing Ltd, Nippon Sheet
Glass Co. Ltd, Saint-Gobain, Schott AG, and Ecam Group
|
|
Customization
Scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing
and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/pdf format
on special request)
|
Report
Scope:
In this report,
the global energy efficient glass market has been segmented into the following
categories, in addition to the industry trends, which have also been detailed
below:
- Energy Efficient Glass Market, By
Glazing:
- Energy Efficient Glass Market, By
Coating:
- Triple Glazing
- Double Glazing
- Single Glazing
- Energy Efficient Glass Market, By
Industry Vertical:
- Building & Construction
- Automotive
- Solar Panel
- Others
- Energy Efficient Glass Market, By
Region:
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Spain
- Italy
- Middle East & Africa
- Israel
- Turkey
- Saudi Arabia
- UAE
- South America
- Brazil
- Argentina
- Colombia
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in the Global Energy Efficient Glass
Market.
Available
Customizations:
With the given
market data, TechSci Research offers customizations according to a company’s
specific needs. The following customization options are available for the
report:
Company
Information
Detailed
analysis and profiling of additional market players (up to five).
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