PUBLISHER: The Business Research Company | PRODUCT CODE: 1427799
PUBLISHER: The Business Research Company | PRODUCT CODE: 1427799
Energy-efficient glass is glass that undergoes treatment with different metal oxides, incorporating low-emissivity coated glass to reduce excessive solar heat absorption. This type of glass is instrumental in lowering a building's energy costs and reducing its carbon footprint during construction.
The primary categories of energy-efficient glass include annealed glass, toughened glass (commonly known as tempered glass), and others. Toughened glass is a safety glass variety produced by carefully controlling chemical or thermal processes applied to annealed glass. Various types of coating, such as soft coat and hard coat, are utilized, and different glazing options include triple glazing, double glazing, and single glazing. Energy-efficient glass finds applications across various industries, including construction, automotive, solar panels, and others.
The energy-efficient glass market research report is one of a series of new reports from The Business Research Company that provides energy-efficient glass market statistics, including energy efficient glass industry global market size, regional shares, competitors with an energy-efficient glass market share, detailed energy-efficient glass market segments, market trends and opportunities, and any further data you may need to thrive in the energy efficient glass industry. This energy-efficient glass market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The energy efficient glass market size has grown steadily in recent years. It will grow from $29.36 billion in 2023 to $30.82 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth observed in the historic period can be ascribed to increasing awareness of energy conservation, environmental regulations, escalating energy expenses, government incentives and policies, and consumer demand for enhanced comfort.
The energy efficient glass market size is expected to see steady growth in the next few years. It will grow to $36.4 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The forecasted growth in the upcoming period can be linked to the increase in green building construction, the demand for zero-energy buildings, stringent energy efficiency regulations, urbanization, and the construction boom, as well as innovations in smart glass. Notable trends in the forecast period encompass progress in glass coating technology, dynamic glazing solutions, vacuum insulated glass, sustainable and recycled glass, and the integration of nanotechnology in glass coatings.
The anticipated growth in the energy-efficient glass market is expected to be propelled by the rapid expansion of building and construction-related activities. Construction activities encompass various actions related to installations, repairs, maintenance, or similar operations on land, involving the use of vehicles, cranes, transportation of building supplies, and the anchoring or shoring of rocks. Energy-efficient glass plays a crucial role in shielding building interiors from harmful ultraviolet (UV) and infrared (IR) rays, offering improved thermal comfort in diverse weather conditions. For example, data from June 2023, provided by the United States Census Bureau, indicates that construction spending amounted to $566.7 billion in the first four months of 2023, reflecting a 6.1% increase compared to the same period in 2022. Hence, the rapid expansion of building and construction-related activities continues to drive the energy-efficient glass market.
The surging demand in the automotive industry is expected to contribute to the growth of the energy-efficient glass market. The automotive industry encompasses the economic sector involved in the design, development, manufacturing, marketing, and sale of motor vehicles. The adoption of energy-efficient glass in the automotive sector holds promise for creating more sustainable and efficient vehicles, reducing noise, improving fuel efficiency, lowering emissions, enhancing comfort, and bolstering safety. Data from May 2023, released by the European Automobile Manufacturers Association, indicates that global motor vehicle production reached 85.4 million units in 2022, marking a notable 5.7% increase from the previous year. Additionally, Brand Finance plc reported in February 2022 that the automobile sector achieved approximately 78 million unit sales in 2022, representing a substantial 10% increase. Therefore, the increasing demand in the automotive industry is a significant driver for the growth of the energy-efficient glass market.
A prominent trend is the surge in product innovations in the energy-efficient glass market. Major players within this market are placing a strong emphasis on developing cutting-edge technologies to enhance their market presence. For example, in June 2023, YES WORLD Climate Tech Pte Ltd., a Singapore-based blockchain-based climate tech company, introduced an energy-efficient window solution tailored for homes and businesses. This specialized glass range, including sandwich glass and double pane glass, incorporates a layer of proprietary material designed to reflect all solar radiation heat. Functioning as a transparent window option, the energy-efficient glass prevents 85% of solar heat from entering the building, reducing energy consumption related to HVAC load. Moreover, the glass serves as a passive ultraviolet (UV) collector, harnessing sunlight and distributing thermal energy within the building while effectively managing reflection, emission, absorption, radiant heat gain, solar heat gain, and privacy.
Major companies in the energy-efficient glass market are strategically focusing on innovative products such as solar control and low-emissivity glass to drive their revenues. Solar control, low-emissivity glass is engineered to minimize the passage of UV and infrared radiation without compromising the transmission of visible light. For instance, in February 2021, Vitro Architectural Glass, a US-based manufacturer of high-performance glass products, introduced Solarban R77. This low-e coating is designed to deliver solar performance compliant with building codes and features a clean, silver-blue, neutrally reflecting appearance. Solarban R77 glass, a clear 1-inch insulating glass with magnetron sputtered vacuum deposition (MSVD) coating, boasts a Solar Heat Gain Coefficient (SHGC) of 0.25. Offering a Visible Light Transmittance (VLT) of 47% in a typical one-inch insulating glass unit (IGU) with conventional clear glass.
In January 2023, Corning Incorporated, a US-based energy-efficient glass manufacturer, entered into a collaboration with PGT Innovations to advance innovative glass technologies. This collaboration not only strengthens PGT Innovations' market position but also contributes to achieving their goal of consistently producing premium, high-quality products that enhance people's lives. PGT Innovations is a US-based manufacturer specializing in windows and doors.
Major companies operating in the energy efficient glass market report are Saint-Gobain SA, PPG Industries Inc., AGC Inc., Corning Incorporated, DuPont de Nemours Inc., Nippon Sheet Glass Co. Ltd., Sisecam, Guardian Industries Holdings, Cardinal Glass Industries Inc., Andersen Corporation, Schott AG, CSG Holding Co. Ltd., Atrium Windows and Doors Inc., Associated Materials Inc., Asahi India Glass Ltd (AIS), Metro Performance Glass, Champion Window Mfg. & Supply Co. LLC, International Window Corporation, YKK AP America Inc., ViWinTech Windows & Doors Inc., Okna Windows, Vitro Architectural Glass, Croft LLC, Abrisa Technologies., NT Window Inc., Inline Fiberglass Ltd., Morley Glass & Glazing Ltd., Smartglass International Ltd., RavenWindow, Capitol Glass Company Inc.
North America was the largest region in the energy-efficient glass market in 2023. The regions covered in the energy efficient glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the energy efficient glass market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The energy-efficient glass market consists of sales of coated glass, tinted glass, double-glazed units, and vacuum glass. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Energy Efficient Glass Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on energy efficient glass market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for energy efficient glass ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The energy efficient glass market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.