Global Energy Efficient Windows Market 2023-2030

Global Energy Efficient Windows Market 2023-2030

Global energy-efficient windows market is anticipated to grow at a CAGR of 6.4% during the forecast period. The market is driven by the growing trend towards improving energy efficiency, increasing adoption of green building standards, and the growing popularity of HVAC applications. Additionally, increasing urbanization, commercialization and industrialization, and stringent government regulations are the factors that have shown a positive impact on the growth of the energy-efficient windows industry. The growing concern related to the environment has resulted in several stringent regulations for the decrease in the consumption of energy across the globe. Governments have developed energy consumption policies that are based on the thermal quality of the buildings. Furthermore, the increasing investments in smart cities in emerging economies propel the demand for energy-efficient windows across the globe.

The energy-efficient windows market has shown a considerable growth rate during the forecast period due to the demand for high-performance windows along with thermal isolation and air leakproof facilities. The demand from the residential sector is anticipated to drive the market owing to the new installation and replacement of old single-pane windows. However, the high cost of the glass which is an essential part of this window may hamper the growth of the market. The installation of energy-efficient windows results in the reduction of heating and cooling costs; also reduces the maximum cooling and heating loads. This allows the installation of economical and compact heating and cooling systems. Additionally, traditional window systems along with poor insulation suffer from condensation during summers that cause rotting of wooden window frames. Energy-efficient windows overcome this issue owning to their warmer glass surfaces and insulated structures.

Segmental Outlook

The global energy-efficient windows market is segmented based on application, component, and glazing type. Based on the application, the market is segmented into commercial and residential. The residential segment is expected to hold a considerable growth rate due to strong consumer awareness of energy-efficient building materials. Moreover, rising residential construction attributed to growing customer awareness towards reducing energy consumption propels the residential segment in the market. The commercial segment is anticipated to hold a significant market share owing to the rapid commercialization supported by the government initiatives to offer energy-efficient buildings is projected to drive market growth. Based on components, the market is segmented into glass, frame, and hardware. Based on the glazing type, the market is segmented into double, triple, and others.

Double will be the largest segment by Glazing Type

Based on the glazing type, the market is segmented into double, triple, and others. The double glazing segment is expected to hold the largest market share in the energy-efficient windows market during the forecast period due to the double window being separated by a vacuum or gas-filled space to reduce heat transfer. Moreover, due to its lower cost, efficiency, and noise reduction properties, boosting the growth of the double-glazing segment during the forecast period.

Regional Outlooks

The global energy-efficient windows market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America is anticipated to hold a significant market share in the energy-efficient windows market. The region has attributed considerable government support to promoting energy-efficient products. For instance, the Building Technologies Program (BTP) by Energy Efficiency and Renewable Energy (EERE) has made a large R&D investment. BTP is involved in raising energy efficiency and reducing carbon emissions in the building sector of the economy of the US. The region has developed various stringent acts, policies, and regulations in favor of lower consumption of energy.

Asia-Pacific will augment with the fastest rate in the Energy-Efficient Windows market

Asia-Pacific is expected to be the fastest-growing region in the energy-efficient windows market owing to developing countries such as India, and China, among others are expected to grow due to the high population in these countries along with new building construction and renovation activities.

Market Players Outlook

The key players in the energy-efficient windows market include Central Glass Co. Ltd., Nippon Sheet Glass Co. Ltd., SCHOTT AG, Saint Gobain S.A., PPG Industries, Inc., Asahi Glass Co. Ltd., BMC Stock Holdings, Inc., Jeld-Wen Holding Inc, YKK AP America, Inc., Builders First Source, Inc., and Milgard Manufacturing, Inc. These players are adopting various strategies to expand their product portfolio. For instance, in March 2018, Andersen Corp. acquired Heritage Windows and Doors, a manufacturer of custom, high-quality aluminum windows and doors in Gilbert, Arizona. Heritage specializes in serving the luxury residential and commercial market creating high-performance aluminum windows and doors that are resistant to the desert's natural forces.