Energy-efficient Windows Market: Global Size Analysis, Growth, Trends, Opportunities, Segments, Regional Graph, and Forecast Report
The global energy-efficient windows market size is expected to grow from USD 13.1 billion in 2021 to USD 18.3 billion by 2026, at a CAGR of 7.0% during the forecast period. Energy-efficient window is majorly used in the non-residential sector. The increasing demand for new corporate offices, schools and other public buildings is driving the market. Due to the outbreak of COVID-19, the construction industry was heavily affected and saw a great fall but is eying an upward turn with the passing of 2021. The construction industry is gaining traction with relaxation in lockdown restrictions and production halts. The global construction market is projected to grow at a rate of 6.02% from 2020 to 2024. In APAC, it is expected that 120 million square feet of office space will be built each year till 2024. This will entail huge demand for energy-efficient windows in the region.
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The global energy-efficient windows market comprises double, triple, or multiple glazed windows. The energy-efficient window was discovered in the 1920s. At that time, iron-rich glass was used in a double-glazed window system to minimize the level of heat transfer. Till the 1970s, single-pane windows were majorly used, but by the 1980s, double-pane windows started gaining acceptance. In the 1980s, aluminum windows started getting replaced by more efficient wood or vinyl frames. In the 1980s, low-e glasses also started gaining momentum; these glasses offer insulation by reducing the heat gained from the sun in summers and reducing heat loss in winters. Current energy-efficient windows are advanced and more efficient are also used for esthetics and appeal
Energy efficient windows are majorly used in non-residential construction projects. These include both new construction and renovation & reconstruction projects. The commercial buildings are built to break-even in some time to run profitably. Energy-efficient windows offer most cost effective long term option to reduce operations costs of the building. This is the reason for the high growth of energy-efficient windows in the non-residential sector.
Double-glazed windows dominate the energy-efficient windows market. They have high penetration in the residential market due to their economic nature. These windows are also sometimes preferred in the non-residential sector in regions where weather is not extreme. Triple-glazed windows are growing faster in Europe and North America due to the widely varying weather conditions in these regions. They are majorly preferred in non-residential buildings, as these buildings are aimed to last a long time.
Energy-Efficient Window Companies:
YKK AP, Inc. (Japan), Jeld-Wen Holding, Inc. (U.S.), Builders FirstSource, Inc., Deceuninck NV, PGT, Inc., Apogee Enterprises Inc., Schott AG and Ply Gem Holdings, Inc. (U.S.) are some of the major players in the energy-efficient windows landscape. The companies are involved in mergers and acquisitions along with new product development and capacity expansions.
YKK AP, Inc. provides a variety of residential and building architectural products. It manufactures window products, which include window screens, double glazed glass, windows sashes, window frames, grills, rain shutters; door products, which include front doors and sliding doors; interior products, which include interior doors, partitions, and stairways; and exterior products, which include balconies and terraces, gates, and exterior materials. The company also provides low-E laminated glass, steel doors, aluminum frames, heat sinks, and architectural components; and components that include die-cast parts, vinyl parts, and metal fittings used in windows and doors. It is also engaged in the business of renovations.
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Builders FirstSource, Inc. is engaged in the supply and manufacture of building materials, manufactured components, and construction services to professional contractors, sub-contractors, and consumers. It operates through the following segments: Northeast, Southeast, South, and West. Its products are classified into lumber and lumber sheet goods; windows, door, and millwork; manufactured products; gypsum, roofing, and insulation; siding, metal, and concrete; and other building products and services.
Builders FirstSource is the among the largest supplier of structural building products, value-added components, and services to the professional market for new residential construction and repair and remodeling in US. The company is focused in providing unparalleled service to both large and small customers. It manufactures roof and floor trusses, wall panels, stairs, vinyl windows, custom millwork and trim, and interior and exterior doors tailored to the specific needs of customers. The company carries a full line of professional grade building products, such as dimensional lumber and lumber sheet goods and various window, door, and millwork lines.
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