DUBLIN, December 08, 2021--(BUSINESS WIRE)--The "Global Energy-Efficient Window Market by Component (Glass, Frame, and Hardware), Application (New Construction and Renovation & Reconstruction), End-Use Sector (Residential and Non-Residential), Glazing Type, and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global energy-efficient windows market size is projected to grow from USD 13.1 billion in 2021 to USD 18.3 billion by 2026, at a CAGR of 7.0% between 2021 and 2026.
Energy-efficient windows are demanded majorly in the non-residential end-use sector. However, the global pandemic disease COVID-19 has disrupted the operations of energy-efficient windows industries which has decreased the demand for energy-efficient windows in 2020.
Double Glazed Energy efficient windows hold the largest market share of Energy efficient windows, in terms of value
The double-glazed segment is projected to witness high growth during the forecast period due to the growing demand from the residential and non-residential sectors. Energy-efficient windows are sound-proof, dust-proof, and ideal for energy conservation. Double-glazed windows considerably reduce heat loss and improve the energy conservation rate. These windows find applications in both renovation and new constructions.
Non-residential is the fastest-growing end-use sector of energy-efficient windows, in terms of value
Non-residential constructions that use energy-efficient windows include commercial buildings, such as offices, hotels, hospitals, educational institutes, and airports. Large commercial buildings are built with the concept of saving energy. These buildings are also built for breakeven in the long run, and hence opting for energy-efficient windows seems to be a favourable option. Growing economies are witnessing increasing demand for green buildings in the commercial construction segment. Recently, European and North American countries have also seen a spurt in demand for such buildings. In developing countries, the construction of educational institutions and hospitals is increasing, leading to a growth in the energy-efficient windows market in the non-residential end-use sector
APAC is the fastest-growing Energy-efficient windows market
APAC is projected to register the highest CAGR in terms of value in the global energy-efficient windows market during the forecast period. The growth of the energy-efficient windows industry in this region is supported by the recovery in the construction industry, and the rising awareness & concern regarding carbon emission and energy conservation.
Due to COVID-19, the construction industry came to a halt, which has led to reduced demand for energy-efficient windows in APAC countries. The recovery in the end-use sector with restoration in the supply chain would drive the energy-efficient windows demand during the forecast period. The rapid industrialization in the region would support the high growth rate.
Increasing Government Initiatives to Adopt Energy-Efficient Windows
Higher Cost of Glass Bonding Adhesives Than Conventional Adhesives
Lack of Awareness About Energy-Efficient Windows
Increasing Support for Energy Management in Buildings from Public and Private Sectors
High Carbon Emissions in Glass Production
Kolbe & Kolbe Millwork Co., Inc.
Nippon Sheet Glass Co. Ltd.
Turkiye Sise Ve Cam Fabrikalari A.S. (?i?ecam Group)
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