The global energy-efficient windows market is set to register a CAGR of 8% over the forecast period. Energy efficient technologies are in excessive demand owing to the increasing demand for in conjunction with depleting sources of energy. Installation of energy efficient windows offers a reduction in power consumption for the regulation of indoor temperature management. The report predicts accelerated adoption of these windows in the foreseeable future, thus, augmenting the market.
The growth in the construction sector is poised to influence the expansion of the energy-efficient windows market over the next couple of years. Increasing housing and renovation projects are anticipated to accelerate revenue creation for the market participants. In addition, rapid urbanization is further poised to propel the expansion of the market in the forthcoming years.
The supportive laws promoting the reduction in carbon emissions are expected to boost the growth trajectory of the global energy-efficient windows market over the next few years. Also, an increase in investments from the government and private sector is expected which is prognosticated to expedite the expansion of the market across the review period. On the flip side, fluctuations in the price of the raw materials are projected to restrict the growth of the energy-efficient windows market over the next few years.
By glazing type, the global energy-efficient windows market has been segmented into double, triple low-e and others.
By components, the energy-efficient windows market has been segmented into glass, pane spacers, and frame.
By application, the global energy-efficient windows market has been segmented into residential, commercial and industrial.
The global energy-efficient windows market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). Europe currently dominates the global market and is projected to retain its prominence over the next couple of ears. The energy efficient laws framed by the European Commission are anticipated to propel the expansion of the energy-efficient windows market in the region. Furthermore, the growing awareness backed by high purchasing power is prognosticated to drive market growth during the assessment period.
North America trails Europe market in terms of revenue. The region houses major industry leaders who are presumed to work in favor of the regional energy-efficient windows market. In addition, the market is also anticipated to benefit from its penchant for the adoption of novel technologies. Investments are set to floe towards market growth in the foreseeable future. Meanwhile, Asia Pacific is likely to strike the highest CAGR over the review period. It is anticipated to grow substantially over the next few years.
The major players of the global energy-efficient windows market profiled in this report are Asahi Glass Co., Ltd. (Japan), Nippon Sheet Glass Co. Ltd. (Japan), Saint Gobain S.A. (France), SCHOTT AG (Germany), Masco Corporation (U.S.), Central Glass Co. Ltd. (Japan), Builders FirstSource, Inc. (U.S.), YKK AP, Inc. (Japan), Jeld-Wen Holding, Inc. (U.S.), and Ply Gem Holdings, Inc. (U.S.).
In March 2019, Petros PACE Finance, LLC, an innovative financing mechanism, completed the Commercial Property Assessed Clean Energy (C-PACE) transaction for USD 1.2 Mn. The transaction will fund energy efficient upgrades for a 1900's era commercial warehouse building.
In March 2019, Madison County, a county in the U.S. state of Illinois, has announced the grant of over USD 181000 to municipalities and townships for supporting the conservation and sustainability projects.
In March 2019, the U.S. based Three Oaks High School got renovation worth million which included the installation of more than 70 energy-efficient windows for enhancing solar heat gain and natural lighting.