According to UnivDatos’ research report “Global Energy Eficient Windows”, market expected to grow at a CAGR of around 7% during the forecast period (2021-2027). The Energy Efficient Windows Market is growing at a significant rate in the past few years and expected to follow the same growth in the forecasted period as well. Factors that are escalating its market demand is mainly the rapid growth in the construction industry across the globe, coupled with the adoption of green buildings, is the principal driving factor of energy-efficient windows across the globe.
Energy-efficient windows also give light, ventilation, warmth, adding aesthetic beauty, as well as the emphasis on reducing the need for artificial heating and cooling, like conventional windows. Efficient windows maintain the building at a convenient temperature with air conditioning specifications and any other heaters or cooling operations.
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Factors that are escalating its market demand is mainly the rapid growth in the construction industry across the globe, coupled with the adoption of green buildings, is the principal driving factor of energy-efficient windows across the globe. The construction is progressing globally, coupled with the rise in pollution levels have made the government take stringent actions to oppose the rising carbon emissions are surging its demand in various developing countries.
The construction industry was adversely affected by the impact of COVID-19. With restrictions in non-essential activities, the industry nearly came to a halt across the globe. According to the International Energy Agency (IEA), in 2019, the global investment in energy efficiency in the building sector rose by 2% to approximately USD 152 billion. However, due to the COVID-19 pandemic, various building construction activities, such as new and existing projects, onsite productivity, and contract value, were estimated to have slowed by 24% in 2020 when compared to 2019. However, there has been a rebound in activity during 2021.
Based on Component, the energy efficient windows market is segmented into frame, glass, and hardware. The glass segment caters extensive share in the energy efficient windows market. As energy-efficient glass designed to prevent heat escaping through the windows to the cold outdoors.
Based on End-User, the energy efficient windows are classified into residential and non-residential. Residential segment caters significant share owing to the growing residential construction projects coupled with increasing customer awareness towards minimizing energy consumption may boost residential energy efficient windows market size.
North America held the significant share in the market
Based on region, the report provides detail analysis for overall adoption of Energy efficient windows in major region including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), Rest of World. North America holds the extensive market share predominantly due to the rising awareness among consumer to reduce carbon emission, generating electricity through renewable resources coupled with aiming to prepare buildings energy efficient which is escalating the adoption of the product.
According to UnivDatos, the key players with a considerable market share in the global Energy efficient windows market are Anderson Corporation, Apogee Enterprises, Inc., Asahi Glass Co. Ltd., Associated Materials LLC, Atrium Corporation, BMC Stock Holdings, Inc., Builders Firstsource, Inc., Central Glass Co., Ltd., China Glass Holdings Limited, Deceuninck Nv. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions. For instance:
- In Jan 2020, Saint-Gobain S.A. announced an acquisition of Continental Building Products. This acquisition helped the company to expand its geographic reach in North, East, and Southeast America.
“Global Energy Efficient Windows Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor’s capabilities on different parameters. This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.Click here to view the Report Description & TOC: https://univdatos.com/reports/energy-efficient-windows-market
Market Segmentations:
- By Glazing Type (Double Glazing, Triple Glazing, and Others)
- By Component (Frame, Glass, and Hardware)
- By End-User (Residential and Non-Residential)
- By Region (North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)
- By Company (Anderson Corporation, Apogee Enterprises, Inc., Asahi Glass Co. Ltd., Associated Materials LLC, Atrium Corporation, BMC Stock Holdings, Inc., Builders Firstsource, Inc., Central Glass Co., Ltd., China Glass Holdings Limited, Deceuninck Nv).
Key questions answered in the study:
- What are the current and future trends of the global Energy efficient windows industry?
- How the industry has been evolving in terms of operating type, glazing type, component and end-user?
- How the competition has been shaping across the countries followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the global Energy efficient windows industry?
- What is the customer orientation, purchase behavior, and expectations from the global Energy efficient windows suppliers across various region and countries?
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