Energy-efficient Windows Market Growth and Key Players Analysis 2024
Market Overview:
The global energy-efficient windows market is a quickly expanding market that is majorly driven by the thermal isolation it gives. The global market was worth USD 11.95 billion by revenue, at the end of 2018 and is estimated to rise at a CAGR of 8.67% to reach around USD 18.11 billion by the end of 2024.
Market drivers and restraints:
Fast expansion in the construction business is the major driving factor of energy-efficient windows market. The rising popularity of energy-efficient windows due to cost-efficiency and environment-friendliness is boosting the market call. Also, stringent regulations issued by the International Energy Agency to conserve energy has further propelled the request for such windows. Nevertheless, fluctuations in raw material prices may hamper the expansion of this market. Also, the concentration of the market in Europe and the Asia Pacific regions can prove it hard for the rest of the globe to develop in this business.
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Report segmented as:
By glazing:
• Double
• Double low-e
• Triple
• Tripe low-e
By component:
• Glass
• Frame
• hardware
By application:
• Replacement and renovation
• New construction
By end user:
• Residential
• Non-residential
Geographical analysis:
Europe leads the global energy-efficient windows market followed by North America and Asia-Pacific. This is majorly owing to government initiatives for energy saving. Asia-Pacific is estimated to expand at the quickest pace throughout the foreseen period.
Important market players:
The major players of global energy-efficient windows market include 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.) and others.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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