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2020

Energy Efficient Windows Market

Energy Efficient Windows Market Size, Share, Competitive Landscape and Trend Analysis Report by Operating Type (Awning, Casement, Double-hung, Fixed, Hopper, and Sliding), Glazing Type (Double Glazing, Triple Glazing, and Others), Component (Frame, Glass, and Hardware), and End User (Residential and Non-residential): Global Opportunity Analysis and Industry Forecast, 2020-2027

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Author's: Tanvi Pednekar | Sonia Mutreja
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Energy Efficient Windows Market Outlook - 2027

The global energy efficient windows market size is expected to reach $29,023.8 million in 2027, from $15,594.0 million in 2019, growing at a CAGR of 8.1% from 2020 to 2027.Energy efficient windows assist in minimizing the use of artificial heating and cooling in a building. These windows consist of three main components including glass or the glazing, frame, and other hardware. These components provide substantial protection from heat loss and heat gain from the outer atmosphere, and thereby, reduce the energy consumption of the building. There are two main factors which measure the energy efficiency of windows. These include solar heat gain coefficient (SHGC) which measures the amount of solar heat entering through the window, and U-factor which measures the insulation capacity of the window. Every energy efficient window product is certified on the basis of SHGC and U-factor, which qualifies it for the Energy Star Rating by the National Fenestration Rating Council (NFRC) of the U.S. Moreover, energy efficient windows are available in double glazing, triple glazing types, with low emissivity (low-E) coating, and argon or krypton gas filling between the glazing.

Energy-Efficient-Windows-Market-2020-2027

The reduction in energy and air conditioning costs, owing to the adoption of energy efficient windows, majorly drives the growth of the energy efficient market industry. The implementation of energy efficient windows can save up to 15% of the total expenditures on air conditioning per year. Furthermore, increased demand for electricity, owing to gradual increase in population as well as propelled dependence on electric appliances, artificial air conditioning, and others, boosts the necessity of energy efficient devices. Energy efficient windows assist in reducing the wastage of electricity consumption by cutting off the outlet of air from inside the room. This thereby, helps in maintaining the temperature of the room and reduce on artificial air heating or cooling, which in turn drives the growth of the energy efficient windows industry. Moreover, increased awareness about environmental sustainability due to the recognition of climate change globally has led the governments to imply regulations for reducing the carbon footprint of households. To implement such measures, the governments often offer various subsidies for replacement of old windows and furnaces, which lead to wastage of energy. Such subsidies drive the demand for energy efficient windows as replacement for old windows, which in turn augments the growth of the energy efficient windows market.

However, the high initial cost of energy efficient windows majorlylimits the market growth. Energy efficient windows consist of more sophisticated parts and glass coatings compared to normal windows, which increase their product costs. In addition, the installation of these windows requires skilled labor, which increases  their installation costs. 

Energy Efficient Windows Market
By Operating Type
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Double-hung segment is projected to grow at a significant CAGR

On the contrary, various government initiatives for promoting energy efficient buildings to reduce overall energy consumption is anticipated to boost the demand for energy efficient windows globally. The surge in awareness regarding energy efficiency of buildings, thereby, creates lucrative opportunities for the energy efficient windows market growth.

Energy Efficient Windows Market
By Glazing Type
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Double-glazing segment holds dominant position in 2019

The residential end user segment accounted for over half the global energy efficient windows market share in 2019, owing to rise in construction activities as well as home improvement activities. By component, the frame segment generated high revenue in the global energy efficient windows market, owing to high price of the manufacturing materials. However, the glass segment is expected to witness rapid growth by 2027 due to constant technological advancements in energy efficient glass products.

Energy Efficient Windows Market
By Component
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Frame segment holds dominant position in 2019

The energy efficient windows market is divided on the basis of operating type, glazing type, component, end user, and region. By operating type, the market is divided into awning, casement, double hung, fixed, hopper, and sliding. By glazing type, it is classified into double glazing, triple glazing, and others. By component, it is categorized into frame, glass, and hardware. By end user, it is bifurcated into residential and non-residential.

Energy Efficient Windows Market
By End-user
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Residential segment holds dominant position in 2019

By region, the energy efficient windows market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, Australia, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America is expected to hold the largest market share throughout the study period, and Asia-Pacific is expected to grow at the fastest rate.

Energy Efficient Windows Market
By Region
2027
North America 
Europe
Asia-Pacific
LAMEA

North America holds a dominant position in 2019. Asia-Pacific is expected to grow at a highest rate during the forecast period.

Competition Analysis

The key market players profiled in the report include Andersen Corporation, Deceuninck NV, JELD-WEN Inc., Marvin, Masco Corporation, PGT Innovations, Inc., Ply Gem Residential Solutions (Cornerstone Building Brands), REHAU Incorporated, VKR Holdings A/S, and YKK Group.

Many competitors in the market of energy efficient windows adopted product launch as its key developmental strategy to expand theirenergy efficient product portfolio for technological upgradations. For instance, in February 2019, the company Jeld-Wen launched FiniShield exterior finishing technology which improves vinyl performance and customization option. FiniShield is an exterior finishing technology, which gives improver durability, consistence, better energy control, and enhanced appearance. Similarly, the players are also adopting business expansionstrategy to improve their foothold in the energy efficient windows industry. For instance, in October 2019, the company PGT Innovation launched a new 24,500 sq. ft. iLab in North Venice. iLAb team is expected to provide window and door solutions to customers who need customization.

Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging global energy efficient windows market trends and dynamics.  

  • In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2019 and 2027. 

  • Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors with in the market framework.

  • A comprehensive energy efficient windows market opportunity analysis of all the countries is also provided in the report.

  • The global energy efficient windows market forecast analysis from 2020 to 2027 is included in the report.

  • The key market players with in the market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the industry.

Global Energy Efficient Windowsmarket Segments

By Operating Type

  • Awning
  • Casement
  • Double-hung
  • Fixed
  • Hopper
  • Sliding

By Glazing Type

  • Double Glazing
  • Triple Glazing
  • Others

By Component

  • Frame
  • Glass
  • Hardware

By End_user

  • Residential
  • Non-residential

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • The UK
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Australia
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa

Energy Efficient Windows Market Report Highlights

Aspects Details
Energy Efficient Windows Market By GLAZING TYPE
By GLAZING TYPE
  • Double Glazing
  • Triple Glazing
  • Others
Energy Efficient Windows Market By COMPONENT
By COMPONENT
  • Frame
  • Glass
  • Hardware
Energy Efficient Windows Market By END USER
By END USER
  • Residential
  • Non-Residential
Energy Efficient Windows Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players
Key Market Players

Rehau Limited, Cornerstone Building Brands (Ply Gem Residential Solutions), VKR Holdings A/S, Masco Corporation, .PGT Innovations, Inc., YKK Corporation, .Marvin, Andersen Corporation, Jeld-Wen Holding, Inc., .Deceuninck Group

Analyst Review

The global energy efficient windows market accounts for high potential in the residential segment. The various products available in the market allow the customers to choose from different types of windows with variable glazing types and features. The rise in home improvement activities also caters the demand for energy efficient windows in the residential sector. 

Moreover, the local government provides various initiatives to promote energy efficient products. The increased awareness for environmental sustainability between nations, and common people also helps in increasing the adoption of energy saving products such as energy efficient windows. For instance, under the WISE Home Energy Program in the U.S., the homeowners can get financing up to $15,000 for the installation of energy efficient products including energy efficient windows, which result in at least 20% energy conservation. Such factors, thereby, promote the utilization of these products and boost the growth of the energy efficient windows market.

By region, North Americaaccounts for the highest revenue in the global energy efficient windows market during the forecast period followed by Europe,Asia-Pacific, and LAMEA.

The key players in the market focus on product launch and business expansion to strengthen their foothold in the energy efficient windows industry. For instance, in February 2019, the company Jeld-Wen launched FiniShield exterior finishing technology which improves vinyl performance and customization option. FiniShield is an exterior finishing technology which gives improver durability, better energy control, more consistence, and enhanced appearance. Similarly, the players are also adopting business expansion strategy to increase their foothold in the energy efficient windows industry. 
 

Author Name(s) : Tanvi Pednekar | Sonia Mutreja
Frequently Asked Questions?

The energy efficient windows market size was $15,594.0 million in 2019 and is projected to reach $29,023.8 million in 2027, growing at a CAGR of 8.1% from 2020 to 2027.

The forecast period considered for the energy efficient windows market is 2020 to 2027, wherein, 2019 is the base year, 2020 is the estimated year, and 2027 is the forecast year.

The report sample for energy efficient windows market report can be obtained on demand from the website.

The base year considered in the energy efficient windows market is 2019.

On the basis of end-user, the residential is expected to be the most influencing segment growing in the energy efficient windows market report.

The statistical data of the top market players of energy efficient windows market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten players operating in the energy efficient windows industry.

Based on the glazing type, in 2019, the double-glazing segment generated the highest revenue, accounting for 39.7% of the market, and is projected to grow at a CAGR of 9.0% from 2020 to 2027.

The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, and market dominance (in terms of revenue and volume sales).

The market value of North America slide rails market for home appliances is $16,810.3 million in 2020.

The surge in residential construction and availability of disposable incomes between the working class of the Asian countries drives the market growth of energy efficient windows in the region.

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Energy Efficient Windows Market

Global Opportunity Analysis and Industry Forecast, 2020-2027