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Development and Forecast of Global Energy Efficient Window Industry

2022-06-01

Research and Markets recently released the Global Energy Efficient Window Industry to 2026: Forecast Analysis Report by Composition (Glass, Frames and Hardware), Application Area (New Construction, Remodeling and Reconstruction), End-Use Industry (Residential and Non-Residential). The global energy efficient windows market size is expected to grow from USD 13.1 billion in 2021 to USD 18.3 billion in 2026, at a CAGR of 7.0% from 2021 to 2026.

In terms of value, double-glazed energy-efficient windows account for the largest market share of energy-efficient windows

Double glazing is expected to witness substantial growth over the forecast period owing to rising demand from both residential and non-residential sectors. Energy-saving windows are ideal for sound insulation, dust prevention and energy saving. Double-glazed windows greatly reduce heat loss and increase energy efficiency, and these windows are suitable for renovations and new constructions. Growing economies are seeing increasing demand for green buildings in the commercial building sector. Recently, there has also been a surge in demand for such buildings in some European and North American countries. In developing countries, the construction of educational institutions and hospitals is increasing, boosting the market for energy efficient windows in non-residential end-use industries.

Asia Pacific is the fastest growing energy efficient window market

Asia Pacific is expected to witness the highest CAGR in the global energy efficient windows market during the forecast period. Due to covid-19, the construction industry has ceased to develop, resulting in less demand for energy saving in countries in the Asia Pacific region. Recovery of end-use industries and supply chain recovery will drive energy-efficient window demand over the forecast period, while rapid industrialization will support the high growth rate of the energy-efficient window industry.

Editor: Mia

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