Global Energy Efficient Windows Market is expected to foresee significant growth. North America to lead the growth!
- Himanshu Patni
- March 30, 2022
- BUILDING MATERIAL AND CONSTRUCTION, NEWS
- Energy Efficient Windows Market, Energy Efficient Windows Market growth, Energy Efficient Windows Market share, Energy Efficient Windows Market size, Energy Efficient Windows Market trends
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Global Energy Efficient Windows Market expected to grow at a CAGR of around 7% during the forecast period (2021-2027). Energy-efficient windows refer to advanced ventilation systems that provide enhanced protection from heat gain and heat loss to minimize the energy consumption of the entire building or complex. They prevent the escape of conditioned air from the buildings, thereby reducing the transfer of heat in both directions.
Energy-efficient windows also give light, ventilation, warmth, adding aesthetic beauty, as well as the emphasis on reducing the need for artificial heating and cooling, like conventional windows. Efficient windows maintain the building at a convenient temperature with air conditioning specifications and any other heaters or cooling operations.
Factors that are escalating its market demand is mainly the rapid growth in the construction industry across the globe, coupled with the adoption of green buildings, is the principal driving factor of energy-efficient windows across the globe.
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The construction industry was adversely affected by the impact of COVID-19. With restrictions in non-essential activities, the industry nearly came to a halt across the globe. According to the International Energy Agency (IEA), in 2019, the global investment in energy efficiency in the building sector rose by 2% to approximately USD 152 billion. However, due to the COVID-19 pandemic, various building construction activities, such as new and existing projects, onsite productivity, and contract value, were estimated to have slowed by 24% in 2020 when compared to 2019. However, there has been a rebound in activity during 2021.
Based on component, the energy efficient windows market is segmented into frame, glass, and hardware. The glass segment caters extensive share in the energy efficient windows market. As energy-efficient glass designed to prevent heat escaping through the windows to the cold outdoors.
Based on glazing type, the energy efficient windows market is segmented into double glazing, triple glazing, and others. The double-glazing segment holds the considerable market share. Increasing need to maintain room temperature in residential and commercial buildings by restricting outside heat flows may stimulate demand.
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For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, UK, Spain, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World. North America holds the extensive market share predominantly due to the rising awareness among consumer to reduce carbon emission, generating electricity through renewable resources coupled with aiming to prepare buildings energy efficient which is escalating the adoption of the product.
Some of the major players operating in the market include Anderson Corporation, Apogee Enterprises, Inc., Asahi Glass Co. Ltd., Associated Materials LLC, Atrium Corporation, BMC Stock Holdings, Inc., Builders Firstsource, Inc., Central Glass Co., Ltd., China Glass Holdings Limited, Deceuninck Nv. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.
Global Energy Efficient Windows Market Segmentation
Market Insight, by Glazing type
- Double Glazing
- Triple Glazing
Market Insight, by Component
Market Insight, by End-User
Market Insight, by Region
- North America Energy Efficient Windows Market
- United States
- Rest of North America
- Europe Energy Efficient Windows Market
- United Kingdom
- Rest of Europe
- Asia-Pacific Energy Efficient Windows Market
- Rest of Asia-Pacific
- Rest of World Energy Efficient Windows Market
Top Company Profiles
- Anderson Corporation
- Apogee Enterprises, Inc.
- Asahi Glass Co. Ltd.
- Associated Materials LLC
- Atrium Corporation
- BMC Stock Holdings, Inc.
- Builders Firstsource, Inc.
- Central Glass Co., Ltd.
- China Glass Holdings Limited
- Deceuninck Nv