The
global energy efficient windows market was valued at US$222.15 bn in
2014 and is anticipated to reach US$479.90 bn by 2023 at a CAGR of
9.71% from 2015 to 2023.
In-depth
research report on Energy Efficient Windows Market with
Full TOC at :
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Growing
population followed by large-scale commercialization have increased
energy consumption. Presently, building structures hold a large share
of the total energy consumption, which includes energy used for
controlling ambient temperatures inside buildings. Countries are
exploring new techniques in order to cater to the growing energy
demand and to achieve sustainability. The first step to achieve
sustainability in building structures is to make them energy
efficient. Energy efficiency reduces costs and environmental
footprints, and increases the value and competitiveness of buildings.
Introduction of high performance energy efficient windows has
improved the energy efficiency of buildings over the course of the
last decade.
Energy
efficient windows reduce the heating and cooling costs up to 16% and
23%, respectively. Efficiency of an energy efficient window is
measured primarily on the basis of its U-factor. The window with
higher energy efficiency has the lowest U-factor. Government
institutions and environmental regulatory bodies have introduced
several tax rebate programs and incentives to promote energy
efficiency in buildings. The market for energy efficient windows has
been rapidly expanding, predominantly due to favorable regulations
along with growing commercialization and high global power demand.
In
terms of geography, the energy efficient windows market has been
segmented into four regions: North America, Asia Pacific, Europe, and
Rest of the World. North America was the largest market for energy
efficient windows in 2014, followed by Europe and Asia Pacific. The
market in Rest of the World is expected to witness significant growth
in the near future due to evolving energy efficiency standards and
regulations, and growth in infrastructure sector. Rapid
commercialization, spurring energy demand, and supporting regulations
in several countries, including China and the U.S., are the major
drivers of the energy efficient windows market.
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Demand
for energy efficient windows is expected to increase gradually in the
near future due to growth in infrastructure development globally. The
global energy efficient windows market has been segmented as follows:
Energy
Efficient Windows Market: By Glazing Type
- Double Glazing Windows
- Triple Low-E Glazing Windows
Energy
Efficient Windows Market: By Region
North
America
- U.S.
- Rest of North America
Europe
Asia
Pacific
- China
- Rest of Asia Pacific
Rest
of the World
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