The Energy Efficient Windows market report also highlights supply chains, trends changes in primary raw materials, and downstream distributors.
NEW YORK, NY, US, May 12, 2022 / EINPresswire.com/ – According to current analysis of reports and data, the global energy-saving windows market was valued at USD 14.53 billion in 2020 and is expected to reach USD 27.28 billion by 2028, at an average Compound annual growth of 8.10%. Energy-saving windows, are energy-saving windows, designed to reduce the use of artificial air conditioning systems in a building. Energy-saving windows, like ordinary windows also, provide light, ventilation and warmth, adding to them aesthetic beauty as well as focusing on reducing the need for artificial heating and cooling. Advances in technology have made it possible to insulate against heat and cold up to four times better than conventional windows.
He is driving the trend towards improving energy efficiency, increasing adoption of green building standards and increasing popularity of efficient air conditioning applications. Rapid urbanization and commercialization, a growing construction industry and green land conservation, and concerns about carbon emission levels have facilitated investments by government around the world. Construction is increasing globally, along with the increase in pollution levels prompting the government to take drastic measures to combat the rising carbon emissions. This includes changes to various building codes related to energy conservation.
Windows is made up of different parts such as glass, frame, and hardware. It is energy efficient that the parts provide significant protection against heat gain and heat loss and reduce the energy consumed by construction. This is used to help block sunlight and keep heat inside when it’s cold and outside when heated for effective window panes. There are also many glazing options, such as Low-E glass, double-glazed windows, window frames, and premium weather sealants. The residential industry is the fastest growing end-use industry of the next century, rising in urbanization and industrialization, driven by global demand for new buildings. Factors such as the increasing need for energy-saving windows in homes due to the many advantages (such as reduced noise, dust, and enhanced thermal insulation) that these windows provide are driving the energy-saving window industry in the housing industry. Moreover, manufacturers can also look forward to increased investment rates in the energy-efficient market shown by the government and manufacturers.
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The main participants are SCHOTT AG, Asahi Glass Co Ltd, Masco Corporation and JELD-WEN Holding Inc. and Ply Gem Holdings Inc. and Central Glass Co Ltd and Nippon Sheet Glass Co Ltd.
More key findings from the report indicate
• The water filters market is growing at a CAGR of 7% in North America followed by Asia Pacific and Europe at a CAGR of 8.5% and 8.10% respectively. Government rules and regulations for industrial high-rise construction of energy-efficient buildings across the globe are the major factor for accelerating market growth during the forecast period in all regions
• As of 2020, double-glazed windows are dominant, capturing 41.4% of the global market. The Asia Pacific regional market is the main source of revenue generation for this product segment, followed by North America and Europe
• The commercial sector is expected to be the fastest growing market segment during the forecast period 2019-2028 with a compound annual growth rate of 8.5%
• In the commercial sector, a compound annual growth rate of 8.8% was recorded in North America and Asia Pacific during the forecast period 2019-2028. A large number of skyscrapers in Asia and North America shows market growth in the commercial segment
• Strict regulations issued by the International Energy Agency for energy conservation have increased the demand for such windows
• The European Union has set new rules for energy efficiency which include an ambitious target of around 32% by 2030, a follow-up from the current 20% target by 2020
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For the purpose of this report, reports and data have segmented the Energy Efficient Windows market on the basis of glazing type, components, end use, and region:
By Glazing Type (Revenue, Million USD, 2020-2028)
• Low-E glass
• Double glazed windows
• window frames
• Seals of good weather
By component (revenue, million USD, 2020-2028)
End use (revenue, million USD, 2020-2028)
Regional analysis covers:
North America (US and Canada)
Europe (UK, Italy, Germany, France and rest of the European Union)
Asia Pacific (India, Japan, China, South Korea, Australia and Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina and the rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of Middle East and Africa)
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Benefits of the Global Energy Efficient Windows Market Report:
• Comprehensive analysis of changing market dynamics
• A future look at the various factors affecting the market
• 8-year forecast of market growth and expected revenue growth
• Ease of understanding the market, key sectors and their future growth
• In-depth analysis of the competitive landscape to give a beneficial advantage to companies
• Broad market insight with in-depth segmentation analysis
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