Energy-Efficient Windows Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

The global energy-efficient windows market is projected to witness growth at a compounded annual growth rate (CAGR) of 7.6% during the forecast period of 2022-2030.

Energy-efficient windows are advanced ventilation systems that aid in the protection from heat loss & gain to minimize the energy consumption of the entire building/complex. They prohibit the escape of conditioned air from the buildings, which reduces the transfer of heat in both directions. These windows comprise three main components: glass or glazing, frame, and other hardware and can operate in fixed, hopper, awning, casement, double-hung, and sliding formats.

Energy-efficient windows also deflect ultraviolet (UV) rays, offer noise reduction capabilities, aid in maintaining an optimum level of light, ventilation, warmth, and add aesthetic beauty to the room. Made available in double glazing, triple glazing types, with low emissivity (low-E) coating, and krypton or argon gas filling between the glazing, these windows have been proven to protect up to 4.0 times better than other conventional windows against heat and cold.

Growth Drivers:

The shifting consumer preference for energy-efficient windows; the rising awareness to minimize carbon footprints; the increasing awareness regarding the energy efficiency of buildings coupled with the high environmental consciousness among people; the burgeoning global demand for energy conservation; the growing pressure from international and government bodies to minimize annual energy consumption and carbon footprints; the rapidly expanding construction industry worldwide; the escalating technological advancements, including the launch of innovative windows incorporated with the Internet of Things (IoT) and artificial intelligence (AI) solutions are the primary factors driving the growth of the global energy-efficient windows market.

Additionally, the last few years have witnessed a colossal rise in the number of government-based initiatives and regulations focused on reducing households' power consumption and carbon footprint. Governments across different regions are offering various kinds of subsidies for replacing old windows and furnaces, which result in massive wastage of energy. They are also rolling out initiatives such as zero energy building, energy-efficient building, and others. These supportive strategies by governments across major regions around the globe propel the demand for energy-efficient windows as replacement for old windows and boost the market's overall growth.

Moreover, the population base is growing at a rapid rate across the globe. This is creating massive growth in the demand for electricity because people's dependence on electric appliances and artificial air conditioning for various purposes is increased. As a result of this increased dependence, the overall cost, and energy consumption rises.  Energy-efficient windows aid in decreasing the wastage of electricity consumption and in the reduction of energy and air conditioning costs. This leads to their enhanced adoption, which in turn fuels the overall market capitalization of the energy-efficient windows market.

Furthermore, other factors such as the improving living standards of people; the increasing need for heating systems and air conditioning in residential and commercial buildings due to the elevating temperatures; the growing industrialization and commercialization, and the proliferating adoption of green building concepts across the globe are expected to further augment the growth of the global energy-efficient windows market during the forecast period.

However, factors such as the high initial cost of energy-efficient windows and the dearth of awareness among people regarding these windows are expected to hinder the growth of this market to some extent during the forecast period.

Energy-Efficient Windows Market Segmentation:

By Glazing Type:

·         Double Glazed

·         Triple Glazed

·         Others

By End-use Sector:

·         Non-residential

·         Residential

By Operating Type:

·         Awning

·         Casement

·         Double-hung

·         Fixed

·         Hopper

·         Sliding

By Component:

·         Glass

·         Frame

·         Hardware

By Application:

·         New Construction

·         Renovation & Reconstruction

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Based on glazing type, the double glazed segment accounted for a 65.0% market share and dominated the global energy-efficient windows market in 2021. The segment is expected to retain its dominance in the market during the forecast period of 2022-2030. The increasing usage of double glazed energy-efficient windows in the renovation & reconstruction project; the rising need for maintaining room temperature in residential & commercial buildings by preventing outside heat flows are the major factors driving the segment’s growth. However, the triple glazed segment is projected to witness the highest growth at a CAGR of 11.5% during the forecast period of 2022-2030. Factors such as the growing number of initiatives to curtail energy consumption and the escalating R&D spending are attributed to the high growth of this particular segment.

Based on application, the renovation & reconstruction segment held the largest share of the global energy-efficient windows market in 2021. The segment is projected to maintain its lead in the market during the forecast period of 2022-2030. The growing efforts from developed nations to reduce their carbon footprint; and the surging number of renovation activities across the globe owing to the rapidly enhancing living standards of people are major factors contributing to the growth of this segment.

Based on end-user sector, the residential segment acquired the largest share of the global energy-efficient windows market in 2021. This trend is estimated to continue over the forecast period of 2022-2030.  The segment is predicted to thrive during the forecast period on account of the growing home improvement activities & residential construction projects and the burgeoning awareness among people regarding energy conservation. However, the non-residential segment is expected to register the highest growth in the market during the forecast period.

Based on component, the frame segment led the global energy-efficient windows market in 2021. The segment is anticipated to continue with this trend in the next few years. However, the glass segment is estimated to attain the highest CAGR in the market during the forecast period due to escalating advancements in energy-efficient glass products across the globe.

Regional Outlook:

The North American region commanded the global energy-efficient windows market in 2021, followed by Europe. The region is predicted to remain dominant throughout the forecast period of 2022-2030.

The growing adoption of energy-efficient windows; the presence of well-established market players; the increasing financial support from governments of various countries to encourage the adoption of energy-efficient products; the rapid recovery of the construction industry; the high R&D investment; and the surging emphasis on energy efficiency and minimizing carbon emissions in the buildings sector are factors majorly ascribed to the large share of this region. The U.S., Canada and Mexico are the leading contributors to the growth of the market in the region.

The Asia Pacific region is poised to emerge as the fastest-growing regional market for energy-efficient windows during the forecast period. It is expected to expand at a CAGR of 12.0% during the forecast period of 2022-2030. The snowballing acceptance of energy-efficient windows in the non-residential sector; the fast-paced expansion of the construction industry across major countries of the region; the increasing R&D activities for enhancing efficiency and reducing power consumption; the presence of various emerging nations, and the rising investments in the real estate sector are the major factors attributed to the high growth of the Asia Pacific region. India, China, and Japan stand as the major contributors to the growth of the market in the region.

The European region is expected to witness robust growth in the market during the forecast period due to the region's rising renovation activities and the high adoption of energy-efficient windows in the region. The European Union’s commitment to reduce over 300.0 million tons of CO2 emissions annually is also estimated to bode well for the growth of the energy-efficient windows market in the region.

Key Companies in Energy-Efficient Windows Market:

·         VKR Holding A/S

·         Andersen Corporation

·         Central Glass Co. Ltd.

·         Associated Materials LLC

·         China Glass Holdings Ltd.

·         Marvin

·         Masco Corporation

·         YKK AP Inc.

·         Jeld-Wen Holding Inc.

·         Builders FirstSource Inc.

·         Deceuninck NV

·         PGT Inc.

·         Apogee Enterprises Inc.

·         Schott AG

·         PGT Innovations Inc.

·         Ply Gem Residential Solutions

·         REHAU Incorporated

·         Other Players