Transparency Market Research has published a new market study on the global energy efficient windows market for the 2015-2023 period. The report states that the global energy efficient windows market will rise at a CAGR of 9.71% from 2015 to 2023 for the market’s valuation to increase from US$222.15 bn in 2014 to US$479.9 bn by 2023. The analysis of the development of this market is presented in the report, titled “Energy Efficient Windows Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023.”
Browse the full Energy Efficient Windows Market, by Glazing Type (Double Glazing Windows and Triple Low-E Glazing Windows) - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023 report at https://www.transparencymarketresearch.com/energy-efficient-windows-market.html
Energy efficient windows help in reducing energy costs considerably. In particular, in cold countries, the use of energy efficient windows can be significantly important to maintain the efficiency of a home’s heating system. Energy efficient windows also act as a barrier against sound, thus reducing the amount of outside noise that enters the home.
At present, the ever-increasing global population, followed by large-scale commercialization, has escalated energy needs to great heights. Building structures both commercial and residential account for a high volume of energy consumption, which includes the energy needed for controlling the internal temperatures of buildings. This has necessitated the development of energy efficient building material and fittings and fixtures to optimize energy consumption and attain sustainability. The installation of energy efficient windows has improved the energy efficiency of buildings. This is the primary factor driving the global energy efficient windows market.
Studies reveal that the use of energy efficient windows can reduce the heating and cooling expenditures up to 16% and 23%, respectively. The energy efficiency of a window is measured based on its U-factor index; the higher the window energy efficiency the lower is its U-factor. In several countries, government agencies and environmental regulatory bodies have introduced tax rebate programs and incentives to increase the energy efficiency of buildings. Thus, rising commercialization and increasing power needs globally are leading to the rapid expansion of the energy efficient windows market.
The report segments the global energy efficient windows market on the basis of glazing type and geography. Based on glazing type, triple low-e glazing windows and double glazing windows are the segments of this market. In 2014, the double glazing windows segment held the larger share in terms of volume in the global market.
In terms of geography, the report divides the global energy efficient windows market into North America, Europe, Asia Pacific, and Rest of the World. In 2014, North America stood as the largest market for energy efficient windows, followed by Europe and Asia Pacific. The Rest of The World will display significant growth in this market in the near future owing to evolving energy efficiency standards and infrastructural development to support the same. Rapid commercialization leading to higher energy demand and regulatory framework to support the same is driving the China and U.S. energy efficient windows market.
Key players in the global energy efficient windows market are Pella Corporation, Milgard Manufacturing Inc., Marvin windows and Doors Inc., Soft-Lite LLC, Associated Materials LLC,
YKK AP Inc., JELD-WEN Inc., Atrium Corporation, Andersen Corporation, and Kolbe & Kolbe Millwork Co. Inc.
The global energy efficient windows market is segmented as follows:
Energy Efficient Windows Market: By Glazing Type
- Double Glazing Windows
- Triple Low-E Glazing Windows
Energy Efficient Windows Market: By Region
- North America
- Rest of North America
- Asia Pacific
- Rest of Asia Pacific
- Rest of the World
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