PUBLISHER: The Business Research Company | PRODUCT CODE: 1436243
PUBLISHER: The Business Research Company | PRODUCT CODE: 1436243
Energy-efficient windows are constructed with two or three glass panes sealed in a single unit, surrounded by a frame made from materials such as unplasticized polyvinyl chloride (uPVC), wood, or others. These windows prevent the exchange of heat between a chamber or room and the environment, promoting energy efficiency.
Energy-efficient windows come in various operating types, such as awning, casement, double hung, fixed, hopper, and sliding. Awning windows, for instance, open from the bottom up, with operation facilitated by cranking a handle and pushing the bottom of the sash outward. This design allows for excellent ventilation while effectively keeping rainwater out. The key components of energy-efficient windows encompass frames, glass, and hardware. Additionally, various glazing types contribute to energy efficiency, including double glazing, triple glazing, and other alternatives. These windows find applications in new construction, renovation, and reconstruction projects, catering to both residential and non-residential end-users.
The energy efficient windows market research report is one of a series of new reports from The Business Research Company that provides energy efficient windows market statistics, including energy efficient windows industry global market size, regional shares, competitors with an energy-efficient windows market share, detailed energy efficient windows market segments, market trends and opportunities, and any further data you may need to thrive in the energy efficient windows industry. This energy efficient windows 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 windows market size has grown strongly in recent years. It will grow from $11.95 billion in 2023 to $12.71 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth observed in the historical period can be attributed to industry standards development, early market adoption, architectural and design trends, public and government initiatives, and environmental concerns.
The energy efficient windows market size is expected to see strong growth in the next few years. It will grow to $15.56 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated growth in the forecast period can be attributed to urbanization and construction boom, renewable energy integration, growing awareness and education, stringent environmental regulations, and rising energy costs. Major trends in the forecast period include circular economy and sustainability, health-centric design, digitalization and IoT integration, customization and aesthetics, net-zero energy buildings, and advanced insulation and glazing.
The anticipated growth of the energy-efficient windows market is fueled by the increasing environmental awareness and the widespread adoption of green buildings. Green buildings adhere to practices that prioritize environmental responsibility and resource efficiency throughout the entire construction process. These energy-efficient structures significantly reduce the energy needed for heating and cooling, regardless of the specific equipment chosen for climate control. For example, EnergyStar, a US-based government-backed symbol for energy efficiency, reported that in 2021, over 2.3 million ENERGY STAR certified new homes and apartments were constructed, with more than 120,000 built in that year alone. The ENERGY STAR program for commercial buildings has aided businesses and organizations in saving energy, avoiding substantial energy costs, and achieving notable reductions in greenhouse gas emissions. Therefore, the combination of increasing environmental awareness and the widespread adoption of green building practices is a key driver behind the growth of the energy-efficient windows market.
The anticipated growth of the energy-efficient windows market is closely tied to the increasing demand for construction activities. Construction involves the assembly of various materials to create structures based on a comprehensive design and blueprint for specific locations. Energy-efficient windows play a crucial role in construction projects, optimizing energy consumption by offering enhanced insulation, natural light, and contributing to sustainable building practices. These windows also contribute to cost savings in heating and cooling. For instance, in April 2023, the United States Census Bureau reported an over 8% increase in the overall value of residential and non-residential construction in the US between 2020 and 2021. This surge in construction demand is a key factor driving the growth of the energy-efficient windows market.
A notable trend in the energy-efficient window equipment market is the increased emphasis on research and development. Stakeholders are dedicating efforts to create windows that not only enhance efficiency but also minimize wastage and energy consumption. A case in point is YES WORLD, a Singapore-based company, which, in January 2023, introduced energy-efficient window solutions designed for both residential and commercial buildings. These specialized windows feature double pane glass and sandwich glass, incorporating a layer of patented material that effectively reflects the majority of solar radiant heat. This innovative solution addresses building envelope deficiencies related to windows, reflecting 85 percent of the sun's heat. As a result, it significantly reduces solar heat gain and decreases energy consumption in terms of HVAC load.
Major players in the energy-efficient windows market are directing their focus towards product innovations, particularly in the realm of transparent glass coatings. These innovations aim to enable sustainable buildings to effectively regulate internal temperatures. Transparent glass coatings involve applying a thin layer or film to the glass surfaces of energy-efficient windows, enhancing their properties, appearance, or functionality while preserving transparency. For instance, in July 2023, Heat Cure Glass Coating, an India-based manufacturing company, introduced heat cure glass coating products for energy-efficient windows. These products feature a nanotechnology-based transparent liquid coating that provides protection from heat and harmful rays, ensuring a cool interior in summers and warmth in winters. The coating boasts a shelf life of up to 12 years without requiring maintenance and offers more than 76% visible light transmission over 3mm glass. This exemplifies a commitment to continuous innovation within the energy-efficient windows market.
In a notable development in November 2022, Santiago Investment Group LLC, a US-based private equity firm, successfully acquired Sprouse Windows and Doors for an undisclosed amount. This strategic acquisition is anticipated to drive innovation and optimization in the creation of new solutions geared towards enhancing building energy efficiency. The primary goals include supporting the company's growth trajectory, upgrading its equipment, and maintaining its longstanding commitment to delivering top-notch products and exceptional customer service. Sprouse Windows and Doors, a leading US-based manufacturer, specializes in crafting energy-efficient vinyl windows and doors, further solidifying the potential impact of this acquisition on the broader market.
Major companies operating in the energy efficient windows market report are Saint-Gobain S.A., Buiders FirstSource Inc., PPG Industries Ltd., Masco Corporation, Asahi Glass Co. Ltd., JELD-WEN Holding Inc., Anderson Corporation, Associated Materials LLC, Schott AG, VKR Holding A/S, Ply Gem Holdings Inc., The Rehau group, PGT Inc., Apogee Enterprises Inc., Central Glass Co. Ltd., Sise Ve Cam Fabrikalari, Deceuninck NV, Drew Industries Incorporated, China Glass Holdings Limited, Nippon Sheet Glass Co. Ltd., SoftLite Windows & Doors, Kolbe & Kolbe Millwork Co. Inc., YKK AP America Inc., Quantum Windows & Doors Inc., Ideal Window Manufacturing Inc., Inline Fiberglass Ltd., Don Young Company, Building Materials Holding Corporation, Kensington HPP Inc., GlassCrafters Inc., WeatherBarr Windows & Doors, Thermal Windows & Doors LLC, United Window & Door Manufacturing Inc., Window World Inc., Vista Window Company
North America was the largest region in the energy efficient windows market in 2023. Asia-Pacific is expected to be the fastest growing market in energy efficient windows market share. The regions covered in the energy efficient windows market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the energy efficient windows market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The market for energy efficient windows market consists of sales of hinged-sash windows, insulated windows, and double-glazed windows. 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 Windows 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 windows 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 windows ? 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 windows 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.