Energy-efficient windows are known for their ability to provide space heating and lighting to homes, and bringing down the energy cost notably. The global energy-efficient windows market is gaining momentum while riding full-speed on these features. In the process, the energy-efficient windows market is expected to gain 8% CAGR during the forecast period (2017-2022). Market Research Future (MRFR) in their latest report reveals that the possibility of the market crossing the anticipated valuation by the end of 2022 is quite high.
Factors like cost-effective production, ability to reduce maintenance cost later, and eco-friendly are anticipated to play crucial roles in taking the global energy-efficient windows market ahead in the coming years. Growing construction activities, across the globe, is also expected to provide the market much traction as builders are focusing on taking down the construction cost significantly and installing these windows are good way to start the process.
MRFR takes a closer look into the energy-efficient windows market in the study by segmenting it as per glazing type, components, and application. The aim is to dig deep by relying on volume-wise and value-wise figures for a better understanding of the market.
Based on the glazing type, the global energy-efficient windows market can be segmented into double, triple low-E, and others.
Based on the components, the energy-efficient windows market includes glass, pane spacers, and frame. The glass segment is witnessing remarkable growth owing to inclusion of technologies that has lowered its price. At the same time, its percolation in the residential sector has increased, which is why a smooth growth is possible.
Based on the application, the energy-efficient windows market can be segmented into commercial, residential, and industrial. The residential segment is gaining momentum owing to the hike in the installation of such windows.
North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW) are four regions that find substantial mention in the global analysis of the energy-efficient windows market. MRFR’s study also keeps its focus on the unraveling opportunities.
Europe has the market lead and in the coming years, this growth is going to turn even better. The region is gaining maximum coverage owing to the stringent regulations that have been imposed here by governments to curb the carbon emission level. At the same time, several market titans are based out of this region, which is expected to take the regional market ahead.
North America and the APAC region are also showing remarkable intake of these products. These regions are witnessing a surge in construction activities. Installing energy-efficient windows could save the maintenance cost later, which is providing traction to the regional market. Also, real estate companies are looking for green home tags to become more lucrative in the eyes of consumers. This has created much scope for the regional energy-efficient market to expand.
Several companies are trying to gain much from the global energy-efficient windows market as its prominence has increased due to the integration of smart homes. These companies are willing to take in the charge. Henceforth, they are using strategic moves to gain individually. But the market is also growing holistically. MRFR profiled these companies for a better comprehension of the coming years. These companies are Asahi Glass Co., Ltd. (Japan), Ply Gem Holdings, Inc. (U.S.), Saint Gobain S.A. (France), SCHOTT AG (Germany), Nippon Sheet Glass Co. Ltd. (Japan), Masco Corporation (U.S.), Central Glass Co. Ltd. (Japan), Jeld-Wen Holding, Inc. (U.S.), Builders FirstSource, Inc. (U.S.), YKK AP, Inc. (Japan), and others.
In April 2019, Cascadia Windows & Doors launched the first-of-its-kind fiberglass-framed window wall system. This product would come under the Universal Series that would gain notable traction from the emerging smart home market. It has the ability to improve a building’s temperature quotient by 50% to 150%.
Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues.