The global energy efficient windows market size is expected to reach $29,023.8 million in 2027, from $15,594.0 million in 2019, growing at a CAGR of 8.1% from 2020 to 2027. Energy efficient windows constitute of double or triple paneled glazing, which is filled with air, argon, or krypton, to reduce the loss of heat from inside of the building. It minimizes the use of artificial air conditioning, by maintaining the room’s temperature by avoiding the outlet of air through windows. An energy efficient window mainly constitutes of a window frame, glass which may or may not be coated with special coatings such as low emissivity (low-e) coating, and other hardware components including, spacers, hinges, and others. Moreover, the energy efficiency capacity of the window is measured by two main factors - the solar heat gain coefficient (SHGC) which measures the amount of solar heat entering through the window, and U-factor which measures the insulation capacity of the window. Every energy efficient window product is certified on the basis of SHGC and U-factor, which qualifies it for the Energy Star Rating by the National Fenestration Rating Council (NFRC) of the U.S.
Energy efficient windows reduce air conditioning and energy consumption of a building by cutting off the air flow between the inner and outer sides of the building. The implementation of energy efficient windows can save up to 15% of the total expenditures on air conditioning per year. This, therefore, boosts the growth of the energy efficient windows market. Moreover, the increased awareness about environmental sustainability due to the recognition of climate change has led the governments to imply regulations for reducing the carbon footprint of households. To implement such measures, the governments often offer various subsidies for the replacement of old windows and furnaces, which lead to wastage of energy. Such subsidies drive the demand for energy efficient windows as a replacement for the old windows, which in turn augments the growth of the energy efficient windows market. In addition, the increased demand for electricity, owing to gradual A surge in population as well as a rise in dependence on electric appliances, artificial air conditioning, and others boost the necessity of the energy-efficient devices. Energy efficient windows assist in reducing the wastage of electricity consumption by cutting off the outlet of air from inside the room. This thereby, helps in maintaining the temperature of the room and reduces artificial air heating or cooling, which in turn drives the growth of the energy efficient windows industry.
On the contrary, the high cost of energy efficient window products, and high installation prices of the energy efficient windows is a major restraining factor for the growth of energy efficient windows market. Energy efficient windows consist of more sophisticated parts and glass coatings compared to normal windows, which increase their product costs. In addition, the installation of these windows also requires skilled labor, which also increases their installation costs.
However, the various government initiatives for promoting energy efficient buildings to reduce overall energy consumption is expected to grow the demand for energy efficient windows globally. This increase in awareness regarding the energy efficiency of buildings, thereby creates lucrative opportunities for the growth of the energy efficient windows market.
The energy efficient windows market is divided on the basis of operating type, glazing type, component, end user, and region. By operating type, the market is categorized into awning, casement, double hung, fixed, hopper, and sliding. By glazing type, it is classified into double glazing, triple glazing, and others. By component, it is categorized into frame, glass, and hardware. By End User, it is bifurcated into residential and non-residential.
By Region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, Australia, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America is expected to hold the largest market share throughout the study period, and Asia-Pacific is expected to grow at the fastest rate.
COMPETITION ANALYSIS
The key market players profiled in the report include Andersen Corporation, Deceuninck NV, JELD-WEN Inc., Marvin, Masco Corporation, PGT Innovations, Inc., Ply Gem Residential Solutions (Cornerstone Building Brands), REHAU Incorporated, VKR Holdings A/S, YKK Group.
Many competitors in the energy efficient windows market adopted product launch as their key developmental strategy to expand their energy efficient product portfolio for the technological upgradations. For instance, in February 2019, the company Jeld-Wen launched FiniShield exterior finishing technology which improves vinyl performance and customization option. FiniShield is an exterior finishing technology that offers improver durability, better energy control, more consistency and enhanced appearance. Similarly, the players are also adopting business expansion strategy to improve their foothold in the energy efficient windows industry. For instance, in October 2019, the company PGT Innovation launched a new 24,500 sq. ft. iLab in North Venice. iLAb team is expected to provide window and door solutions to customers who need customization.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging global energy efficient windows market trends and dynamics.
- In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2019 and 2027.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global energy efficient windows market forecast analysis from 2020 to 2027 is included in the report.
- The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the industry.
GLOBAL ENERGY EFFICIENT WINDOWS MARKET SEGMENTS
BY OPERATING TYPE
- Awning
- Casement
- Double-hung
- Fixed
- Hopper
- Sliding
BY GLAZING TYPE
- Double Glazing
- Triple Glazing
- Others
BY COMPONENT
- Frame
- Glass
- Hardware
BY END-USER
- Residential
- Non-residential
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- The UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Australia
- Japan
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY PLAYERS
- Andersen Corporation
- Deceuninck NV
- JELD-WEN Inc.
- Marvin
- Masco Corporation
- PGT Innovations, Inc.
- Ply Gem Residential Solutions (Cornerstone Building Brands)
- REHAU Incorporated
- VKR Holdings A/S
- YKK Group
Table of Contents
Executive Summary
According to the report titled, 'Energy Efficient Windows Market by Operating Type, Glazing Type, Component, and End User: Opportunity Analysis and Industry Forecast, 2020-2027' the global energy efficient windows market size is expected to reach $29,023.8 million in 2027, from $15,594.0 million in 2019, growing at a CAGR of 8.1% from 2020 to 2027. In 2019, North America dominated the market, in terms of revenue, accounting for 33.6% share of the global energy efficient windows market.Energy efficient windows help in minimizing the use of artificial heating and cooling in a building by providing substantial protection from heat loss and heat gain from the outer atmosphere.. These windows consist of three main components, such as glass or the glazing, frame, and other hardware. Each energy efficient window product is certified on the basis of solar heat gain coefficient (SHGC) and U-factor, which qualifies it for the Energy Star Rating by the National Fenestration Rating Council (NFRC) of the U.S. The SHGC factor measures the amount of solar heat entering through the window, whereas, the U-factor measures the insulation capacity of the window. Energy efficient windows are manufactured using high quality vinyl, aluminum, and other material frames, and include double or triple glass attached on this frame with the help of spacers. This design offers complete cutoff of heat gain or heat loss from the windows, which assists in reducing the air conditioning costs of the room. In addition, the increase in awareness regarding environmental sustainability and its benefits, have surged the adoption of energy efficient products globally. The concerns regarding climate change, have led to various technological developments in energy efficient products including energy efficient windows. This majorly drives the growth of the energy efficient windows market industry.
Further, various governments have recognized the energy saving advantages of energy efficient windows in residential buildings. Thus, they provide subsidies and benefits to the customers who choose energy efficient windows during replacement as well as new construction. For instance, under the WISE Home Energy Program in the U.S., the homeowners can get financing up to $15,000 for the installation of energy efficient products including energy efficient windows, which result in at least 20% energy conservation. Such factors thereby, promote the utilization of these products and boost the growth of the energy efficient windows market.
North America accounted for the highest revenue in 2019 compared to other regions due to increased construction and home improvement activities. In Europe, the recognition of energy conservation and environmental sustainability drive the energy efficient windows market growth.
The global energy efficient windows market is segmented into operating type, glazing type, components, end user, and region. By operating type, the market is divided into awning, casement, double hung, fixed, hopper, and sliding. By glazing type, the market is classified into double glazing, triple glazing, and others. By component, it is categorized into frame, glass, and hardware. By end user, it is bifurcated into residential and non-residential.
By region, the energy efficient windows market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, Australia, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Key Findings of the Study:
By operating type, the awning windows segment dominated the market in 2019, in terms of revenue.
By glazing type, the double-glazing windows segment is expected to generate high revenue in the energy efficient windows industry globally.
By component, the glass segment is projected to grow significantly during the forecast period.
By end user, the residential segment has gained most of the energy efficient windows market share in 2019.
By region, North America is projected to be one of the most dominant regions and Asia-Pacific is expected to witness a high growth rate during the forecast period.
The major players operating in the energy efficient windows industry include Andersen Corporation, Deceuninck NV, JELD-WEN Inc., Marvin, Masco Corporation, PGT Innovations, Inc., Ply Gem Residential Solutions (Cornerstone Building Brands), REHAU Incorporated, VKR Holdings A/S, and YKK Group.
Companies Mentioned
- Andersen Corporation
- Deceuninck NV
- JELD-WEN Inc.
- Marvin
- Masco Corporation
- PGT Innovations Inc.
- Ply Gem Residential Solutions (Cornerstone Building Brands)
- REHAU Incorporated
- VKR Holdings A/S
- YKK Group
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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