ID: MRFR/CO/1876-HCR | February 2021 | Region: Global | 140 pages
The energy-efficient windows market size was estimated to be valued at a market sum of USD 13.1 billion during the historic forecast period that had ended in 2019 and hence, the market is projected to reach USD 18.3 billion by the end of the current forecast period in 2028 recording a global market CAGR of 8%.
The market for energy-efficient windows is primarily driven by rapid growth in the building industry. Growing demand for power, owing to population growth and increased reliance on electric appliances, artificial air conditioning, and other energy-intensive devices, increases the need for energy-efficient gadgets.
As a result of the increased adoption of green building standards, the trend toward improving energy efficiency, and the rise in popularity of heating, ventilation, and air conditioning (HVAC) applications, the market for energy-efficient windows is likely to grow rapidly. Other factors influencing the growth of the energy-efficient windows market include the growing trend of sustainable construction techniques such as zero energy buildings, energy-efficient buildings, and others.
The COVID-19 epidemic had a variable impact on the glass market according to the glass subsector. The output of flat glass in Europe fell from 11.4 million tonnes in 2019 to 10.8 million tonnes in 2020. Construction and remodeling work ground to a standstill as a result of the constraints, which had a direct impact on sales for energy-efficient windows. Many households' discretionary income was also affected by the lockdown, limiting their purchasing power. All of these reasons have harmed the global market for energy-efficient windows. The impact of COVID-19 on the construction industry was unfavorable. The industry nearly ground to a standstill across the globe due to restrictions on non-essential activities. The epidemic has had an impact on supply chains all around the world, impacting the flow of materials and components across borders and fabrication sites. Raw material delays or non-arrival, disturbed financial flows, and rising absenteeism among production line workers have all resulted as a result of this. These variables had an impact on everyone, from international building firms to local contractors.
The global market for energy-efficient window market is estimated to grow at an 8% CAGR by the end of the global forecast period in 2028. The emergence of the key market players is important to help the market grow and reach the predicted figures and estimations by the end of the forecast period in 2028. The key market players have been recognized owing to the recent developments that have been undertaken by them as follows:
The market need is being fueled by the growing popularity of energy-efficient windows, which are both cost-effective and environmentally friendly. In the commercial construction sector, growing economies are seeing an increase in demand for green buildings. The adoption of energy-efficient windows, which reduces energy and air conditioning expenses, is a primary driver of the energy-efficient market industry's growth. Also, the rising adoption of strategies by key players has and will improve the market of energy-efficient window markets. The International Energy Agency's severe energy-saving rules have boosted demand for such windows even more.
One of the major restraints in the global market of energy-efficient windows is the fluctuations in raw material prices. Plant layoffs in the glass processing and insulated glass window assembly segments followed the slowdown and termination of activities in the construction and window industries. The market's expansion is being stifled by a lack of customer knowledge. Unawareness of the cost reductions that can be realized by constructing low-energy homes with energy-efficient window materials also leads to restraining the global market of energy-efficient windows.
However, the market's expansion is hampered by the high initial cost of energy-efficient windows. When compared to standard windows, energy-efficient windows include more complicated parts and glass coatings, which raise the cost of the product. Furthermore, the installation of these windows necessitates expert labor, which raises the cost of construction.
Energy-efficient windows market report discusses the role of the market products and segments to render help to reduce the usage of artificial heating and cooling in a structure. Glass or pane, frame, and associated hardware are the three primary components of these windows. These elements provide significant insulation from heat loss and gain from the outside climate, lowering the building's energy usage. These are offering growth opportunities to the major industries functioning in these areas. The key market players of major locations like Japan, the USA, and Belgium are using a variety of inorganic and organic strategies to expand their presence in the energy-efficient window market during the forecast period ending in 2028.
The global energy-efficient windows market is further bifurcated into various segments which will help the market to grow as per the predicted CAGR growth by the end of the future forecast period in 2028. The market has been segmented based on the following:
Based on glazing type, the global market has been segmented as follows:
Based on the end-use sector, the market has been segmented as follows:
Based on the component type, the energy-efficient windows market share has been segmented as follows:
Based on the application, the market has been segmented as follows:
Based on region, the market has been segmented as follows:
North America has the largest proportion of the global market for energy-efficient windows. Europe is the second-largest user of energy-efficient windows after the United States. This is mostly owing to government energy-saving programs. However, growth in this sector is likely to be moderate over the predicted period. Asia-Pacific is expected to increase at a rapid speed and is likely to hold the market share during the forecast period ending in 2028.
The report includes a detailed analysis and intellectual aspects related to the global energy-efficient window market. Also, it is thorough primary research as well as detailed qualitative and quantitative analysis and key opinions to acquire a better understanding of the market and industry performance. The report depicts the current market landscape in detail, including historical and forecast market size in terms of revenue, technical advancements, socioeconomic considerations, and market controlling factors. The study includes detailed information and plans for the industry's top major players during the ongoing forecast period ending in 2028. The report highlights the important happenings of the global market during the period. The market will grow exponentially in the upcoming years.
|Market Size||2030: Significant Value|
|CAGR||8% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Technology, by Application, by Material|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Saint Gobain S.A. (France), Asahi Glass Co., Ltd. (Japan), Nippon Sheet Glass Co. Ltd. (Japan), SCHOTT AG (Germany), Central Glass Co. Ltd. (Japan), Masco Corporation (U.S.), Builders FirstSource, Inc. (U.S.), Jeld-Wen Holding, Inc. (U.S.), YKK AP, Inc. (Japan), Ply Gem Holdings, Inc. (U.S.)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Energy-efficient windows are used to insulate construction projects and regulate the internal temperature by trapping heat, thus allowing the owner to make savings on HVAC equipment.
The market is expected to grow at a CAGR of 8% by the end of the forecast period in 2028.
Growing awareness among consumers about the benefits of energy-efficient windows is the major driver for the market.
Europe dominates the global energy-efficient windows market.
Leading players in the global energy-efficient windows market include Saint Gobain, Asahi Glass, and Schott AG, among others.