According to the latest report by IMARC Group, titled “Energy Efficient Windows Market: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027, The global energy-efficient windows market size reached a value of US$ 18.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 29.2 Billion by 2027, exhibiting a CAGR of 8.31% during 2022-2027.
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. These windows are commonly available in variants with double glazing, triple glazing, low emissivity (low-E) coatings or argon or krypton gas fillings. They can operate in awning, casement, double-hung, fixed, hopper and sliding formats and are used for maintaining the optimum level of light, warmth and ventilation in the room, while reducing the utilization of artificial heating and cooling systems. They also deflect ultraviolet (UV) rays and offer noise reduction capabilities.
Energy Efficient Windows Market Trends:
Significant growth in the construction industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the increasing requirement for effective ventilation systems to minimize energy consumption and air conditioning costs is providing a thrust to the growth of the market. With the rising demand for electricity, there is a shifting consumer preference for energy-efficient windows as they aid in reducing the wastage of power by cutting off the outlet of air from inside the room. In line with this, the widespread adoption of green building concepts and increasing environmental consciousness among the masses is also favoring the market growth. Various technological advancements, such as the launch of innovative windows integrated with the Internet of Things (IoT) and artificial intelligence (AI) solutions, are acting as other growth-inducing factors. These windows can adjust automatically or can be changed remotely through a smartphone application as per the requirement of the user. Other factors, including the implementation of favorable government policies promoting sustainable development, along with extensive infrastructural developments, especially in the developing economies, are anticipated to drive the market toward growth.
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Energy Efficient Windows Market Segmentation:
The report has segmented the market on the basis on region, operating type, glazing type, component and end use.
Breakup by Operating Type:
- Awning
- Casement
- Double-hung
- Fixed
- Hopper
- Sliding
Breakup by Glazing Type:
- Double Glazing
- Triple Glazing
- Others
Breakup by Component:
- Frame
- Glass
- Hardware
Breakup by End Use:
- Residential
- Non-Residential
Breakup by Region:
- North America:( United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico,Others)
- Middle East and Africa
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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Andersen Corporation, Builders Firstsource Inc., Deceuninck NV, JELD-WEN Inc., Marvin, Masco Corporation, PGT Innovations Inc., Ply Gem Residential Solutions (Cornerstone Building Brands Inc.), Schott AG, The REHAU Group, VKR Holding A/S and YKK Corporation.
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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