Energy Efficient Windows Market Worth $29,023.8 Million by 2027 | Covid-19 Impact Analysis

The reduction in energy and air conditioning costs, owing to the adoption of energy efficient windows, majorly drives the growth of the energy efficient market industry.

According to a new report published by Allied Market Research, 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.

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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 to this frame with the help of spacers. This design offers a complete cutoff of heat gain or heat loss from the windows, which assists in reducing the air conditioning costs of the room.

Geographic Review

The energy-efficient windows market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and the Rest of Europe), Asia-Pacific (China, Australia, Japan, India, and the Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Key Market Players

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.

Key Findings

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.

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Release ID: 89035231