Global Energy-Efficient Window Market - 2024-2031

Global Energy-Efficient Window Market Overview

The global energy-efficient window market size was worth US$ 21.22 billion in 2023 and is estimated to reach US$ 31.68 billion by 2031, growing at a CAGR of 5.14% during the forecast period (2024-2031).

Energy-efficient windows help reduce artificial heating and cooling in a building. The three main components of the windows are glass or glazing, frame and related hardware. The components provide significant insulation from exterior heat loss and gain, minimizing the building's energy use. Two key factors influence the energy efficiency of windows. It includes the solar heat gain coefficient (SHGC), which determines how much solar heat enters the window and the U-factor, which determines how well the window insulates. Every energy-efficient window product is certified by the National Fenestration Rating Council (NFRC) of U.S. based on SHGC and U-factor, qualifying it for the Energy Star Rating.

Global Energy-Efficient Window Market Dynamics

An increase in urban development around the world, the adoption/development of green buildings, and a rise in demand for energy-efficient infrastructure for buildings fuel the growth of the global energy-efficient windows market. Furthermore, consumers' improving level of living has aided the industry progress.

Increasing costs and demand for electricity creates the need for energy-efficient windows.

The installation of energy-efficient windows, which lowers energy and air conditioning costs, is the main driver of the energy-efficient market's growth. It might save up to 15% on the yearly air conditioning bills by installing energy-efficient windows. Furthermore, as the world's population grows and people rely increasingly on electrical items, artificial air conditioning and other energy-intensive gadgets, the demand for energy-efficient products grows.

Energy-efficient windows help decrease electricity consumption waste by cutting off the air outlet from within the room. As a result, it's easier to control the temperature of a space and reduce the usage of artificial air heating or cooling, boosting the demand for energy-efficient windows.

Rising use for the energy-efficient window in the non-residential sector

Non-residential structures that use energy-efficient windows include businesses, hotels, hospitals, educational institutions and airports. Large commercial structures are built with energy efficiency in mind. Energy-efficient windows appear to be a reasonable choice because these constructions are also made to break even over time.

Emerging markets are seeing a spike in interest in green buildings in the commercial development industry. The need for such structures has risen recently in Europe and North America. In developing countries, the growth of educational institutions and hospitals is increasing, resulting in a rise in the need for energy-efficient windows in the non-residential end-use sector.

Lack of awareness among consumers

The market for energy-efficient windows has a promising future due to substantial growth in the construction industry. On the other hand, people in some developing countries in Asia, Africa and South America are less aware of the benefits of these window systems. There is a lack of knowledge about just how energy efficient a building is. Citizens in such countries are discouraged from purchasing insulating items due to this. Many architects and engineers in these countries ignore the building's energy efficiency while developing commercial or residential infrastructure.

They are unaware of the cost savings of employing energy-efficient window materials to construct low-energy residences. Many of the benefits of energy-efficient windows, such as improved thermal and lighting performance, reduced condensation and less fading of interior furnishings, are unknown to builders and consumers; as a result, they frequently ignore building codes for weather and use the wrong type of window, which may be more costly or ineffective.

COVID-19 Impact Analysis

According to Glass Alliance Europe estimates, overall glass output in Europe reached 35.85 million tonnes in 2020, down 2.6 percent from the previous year (36.80 million tonnes). Depending on the glass subsector, the COVID-19 outbreak had a different influence on the market. Europe's flat glass output fell from 11.4 million tonnes in 2019 to 10.8 million tonnes in 2020. As a result of the restrictions, construction and remodeling activities came to a halt, which directly influenced the demand for energy-efficient windows. The lockdown also reduced the disposable income of many households, lowering their purchasing power. For these reasons, the global market for energy-efficient windows has suffered.

COVID-19 had a negative influence on the construction industry. Due to constraints on non-essential activity, the industry nearly came to a halt worldwide. Global investment in the energy efficiency of the building industry climbed by 2% to US$ 152 billion in 2019, according to the International Energy Agency (IEA), but this took a sever hit during the pandemic. Post pandemic, with investments moving into the sector, the scenario has gradually improved.

Global Energy-Efficient Window Market Segment Analysis

By end-user, the energy-efficient window market is segmented into non-residential and residential.

Rising residential projects and growing consumer awareness

Due to rising consumer awareness, residential applications are projected to dominate the demand. The market for home energy-efficient windows could be driven by expanding residential building projects and improved customer awareness about energy conservation. Residential buildings contribute to more than 20% of total energy use in U.S. Furthermore, they account for 25% to 30% of total home heating and cooling energy use. As a result, more electricity is consumed to maintain a reasonable temperature in the space. Energy-efficient window installation helps to reduce cooling and heating energy usage.

Improved customer living standards and significantly varied temperatures throughout different zones have driven demand for air conditioning and heating systems in residential constructions. In Greece, for example, air conditioning is installed in about 90% of homes. Greater air conditioning equals more energy consumption, which adds to greenhouse gas emissions. The ability of the devices to maintain room temperature will reduce emissions while also cutting electricity consumption.

Global Energy-Efficient Window Market Geographical Analysis

The rising government initiatives support in North America

The market for energy-efficient windows in U.S. will continue to grow strongly over the forecast period. In the region, there has been a lot of government backing for promoting energy-efficient products. The Office of Energy Efficiency and Renewable Energy (EERE) at the Department of Energy, for example, has made considerable investments in R&D in the Building Technologies Program (BTP). BTP is working in the building sector of U.S. economy to enhance energy efficiency and minimize carbon emissions.

U.S. government has developed a new energy code known as 'Energy Star' to lower electricity consumption. Building consumption is influenced by lighting, ventilation, space cooling, refrigeration and water heating. The government has granted subsidies to encourage energy-efficient windows to cut carbon emissions. As a result, Energy Star accounts for more than 80% of overall window sales. Energy-efficient windows are starting to catch on in Canada and Mexico, but they will take time to gain traction.

Russia-Ukraine War Impact:

The Russian-Ukrainian conflict has significantly impacted Profine, a prominent German manufacturer of window profiles made from polyvinyl chloride (PVC). In Europe, approximately 75 million profiles are sold annually to homebuilders and renovators, with a yearly market growth rate of 3% to 5% over the past five years, excluding the pandemic's effects.

Profine, generating annual revenues of about €900 million and consuming around 250 million tons of PVC, is a market leader in Europe. The company has manufacturing facilities in Germany, the U.K., France, Italy, Russia, Ukraine, the U.S., India, and China. The majority of Profine's sales are concentrated in Central and Western Europe, with Russia being its second-largest single market, contributing about 8% to its revenue. Half of the output from Profine's two factories in Russia - one near Moscow and another in the Far East - is sold domestically, while the other half is exported to former Soviet Union countries. A significant portion of the production from the company's relatively small factory in Ukraine was previously exported to Russia.

By Glazing

• Double Glazed
• Triple Glazed
• Others

By Component

• Glass
• Frame
• Hardware

By End-user

• Non-residential
• Residential

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Recent Developments

• In June 2024, Andersen Global expanded its presence in Turkey through a collaboration agreement with Celen Corporate Property Valuation & Counseling Inc. This partnership enhances Andersen Global's existing tax and legal capabilities by integrating valuation resources. With 50 years of experience, Celen offers comprehensive valuation services to both Turkish and international clients. Mark L. Vorsatz, Chairman of Andersen Global, expressed enthusiasm for the collaboration, emphasizing Celen's dedication to delivering exceptional client service and expertise in the valuation sector.
• In April 2023, JELD-WEN, a global manufacturer of building products, completed the sale of its Australasia business to Platinum Equity for approximately AUD 688 million. This strategic move aligns with JELD-WEN's objective to optimize shareholder value and streamline operations. The transaction, anticipated to close in the third quarter of 2023, will enable JELD-WEN to concentrate on debt reduction. Platinum Equity, known for its extensive experience in corporate carve-outs, recognizes significant opportunities in the Australasia business. For further information, please visit JELD-WEN's website.

Global Energy-Efficient Window Market Competitive Landscape

Major global energy-efficient window market companies include YKK AP, Inc., Jeld-Wen Holding, Inc., Builders FirstSource, Inc., Deceuninck NV, PGT Innovations, Apogee Enterprises Inc., Schott AG, Ply Gem Holdings, Inc., Central Glass Co. Ltd and Associated Materials LLC.

Why Purchase the Report?

• Visualize the composition of the energy-efficient window market segmentation by glazing, component, end-user and region, highlighting the critical commercial assets and players.
• Identify commercial opportunities in the energy-efficient window market by analyzing trends and co-development deals.
• Excel data sheet with thousands of energy-efficient window market-level 4/5 segmentation points.
• Pdf report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global energy-efficient window market report would provide access to an approx. 61 market data table, 52 figures and 202 pages.

Target Audience 2024

• Energy-Efficient Window Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Emerging Companies
• Energy-Efficient Window Manufacturers