Global Energy Efficient Windows Market: Snapshot
Nations are ramping up their efforts to reduce their carbon emissions by as much as possible in the light of the exceeding levels of pollution and resource depletion across the world. Countries such as China, the U.S., and Russia have all set environment conservation goals for their lands, aiming for as much as 40% to 45% carbon footprint reduction by 2020, as set by China. The E.U. as a whole has set high priority environment protection goals, accomplishing which would result in significant reduction in the global carbon emissions. Energy efficient windows can provide key contributions to these goals by helping regulate indoor temperatures and reducing the need for powered temperature control methods.
Additionally, the producers of energy efficient windows can also look forward to a brighter future due to the increasing investment rates shown by government and private investors. They are also set to experience a greater demand due to the increasing commercialization rates across emerging economies, leading to the construction of more buildings.
As a result, the revenue earned by energy efficient players globally is expected to progress at a CAGR of 9.71% from 2015 to 2023. This market is expected to be valued at US$286.52 bn by the end of 2016, and US$479.9 bn by 2023.
North America Regulatory Reforms Build Up Energy Efficient Windows Demand
The North America energy efficient window players are collectively expected to generate a revenue of US$247.76 bn by the end of 2023. The key driver for this region’s market is the introduction of stricter energy conservation regulations. Programs such as ENERGY STAR already have an established presence in North America. These factors are expected to make it easier for producers as well as consumers of energy efficient windows. Currently, most of the demand for energy efficient windows is being generated by consumers that are replacing their conventional windows.
The assessment of energy efficient windows in the U.S. is conducted by the NFRC. It is responsible for the quality rating of all energy efficient windows in the country, making it important for players to abide by their guidelines.
Meanwhile, Asia Pacific is showing a rapidly growing demand for energy efficient windows, most of which originates from China. The construction boom in China, coupled with the high pollution levels have prompted the government to take strict actions to combat the rising carbon emissions. This involves reforms in various building codes related to energy conservation.
Double Glazing Windows Retain Market Leadership Due to Lower Cost
Double glazing and triple low-E glazing are the two options currently commercially available. Of the two, double glazing is preferred by most consumers globally. The key reason for this is the lower cost of double glazing windows. High pricing is a major restraint on the energy efficient windows demand growth and the relatively lower cost of double glazing helps alleviate the burden of investment considerably. Currently, most countries, especially emerging ones, are using double glazing windows that will later be replaced by the more effective triple low-E glazing.
The key producers of energy efficient windows across on a global scale include Marvin Windows and Doors, Inc., Milguard Manufacturing, Inc., Kolbe & Kolbe Millwork Co., Inc., and Pella Corporation.
Growing Awareness about Harmful Effects of Artificial Air on the Environment will contribute largely to the Growth of the Energy Efficient Windows Market
The energy efficient windows market is expected to garner substantial growth during the forecast period of 2015-2023 on the back of the rising awareness about the harmful effects of air conditioning systems on the environment. Sustainability has acquired a prominent place among the government bodies of numerous countries, eventually bringing an increase in the number of initiatives to reduce carbon footprint. This aspect will indirectly have a large impact on the growth of the energy efficient windows market.
Section 01 Preface
Section 02 Executive Summary
Section 03 Industry Analysis
Section 04 Global Energy Efficient Windows Market – Glazing Segment Analysis
Section 05 Global Energy Efficient Windows Market – Geographical Analysis
Section 06 Company Profiles
List of Tables
Table 1 U.S. Energy Efficient windows Market Volume and Forecast, by Glazing, 2013−2023 (Billion Meter Square)
Table 2 U.S. Energy Efficient windows Market Revenue and Forecast, by Glazing, 2013−2023 (US$ Bn)
Table 3 Rest of North America Energy Efficient Windows Market Volume and Forecast, by Glazing, 2013−2023 (Billion Meter Square)
Table 4 Rest of North America Energy Efficient Windows Market Revenue and Forecast, by Glazing, 2013−2023 (US$ Bn)
Table 5 Europe Energy Efficient windows Market Volume and Forecast, by Glazing, 2013−2023 (Billion Meter Square)
Table 6 Europe Energy Efficient windows Market Revenue and Forecast, by Glazing, 2013−2023 (US$ Bn)
Table 7 China Energy Efficient Windows Market Volume and Forecast, by Glazing, 2013−2023 (Billion Meter Square)
Table 8 China Energy Efficient Windows Market Revenue and Forecast, by Glazing, 2013−2023 (US$ Bn)
Table 9 Rest of Asia Pacific Energy Efficient Windows Market Volume and Forecast, by Glazing, 2013−2023 (Billion Meter Square)
Table 10 Rest of Asia Pacific Energy Efficient Windows Market Revenue and Forecast, by Glazing, 2013−2023 (US$ Bn)
Table 11 Rest of the World Energy Efficient windows Market Volume and Forecast, by Glazing, 2013−2023 (Billion Meter Square)
Table 12 Rest of the World Energy Efficient windows Market Revenue and Forecast, by Glazing, 2013−2023 (US$ Bn)
List of Figures
Figure 1 Global Energy Efficient Windows Market, Estimates and Forecast, by Volume, 2014–2023 (Billion Meter Square)
Figure 2 Global Energy Efficient Windows Market, Estimates and Forecast, by Revenue, 2014–2023 (US$ Bn)
Figure 3 Value Chain Analysis of Energy Efficient Windows Market
Figure 4 World Energy Consumption, 2012
Figure 5 Global Energy Efficient Windows Market by Glazing Segment, By Volume (Billion Meter Square), 2014
Figure 6 Global Energy Efficient Windows Market by Glazing Segment, By Volume (Billion Meter Square), 2023
Figure 7 Global Energy Efficient Windows Market, Glazing Segment, By Volume, 2014–2023 (Billion Meter Square)
Figure 8 Global Energy Efficient Windows Market, Glazing Segment, By Revenue, 2014–2023 (US$ Bn)
Figure 9 Global Energy Efficient Windows Market-Double Glazing, By Volume, 2014–2023 (Billion Meter Square)
Figure 10 Global Energy Efficient Windows Market-Double Glazing, By Revenue, 2014–2023 (US$ Bn)
Figure 11 Global Energy Efficient Windows Market-Triple Low-E Glazing, By Volume, 2014–2023 (Billion Meter Square)
Figure 12 Global Energy Efficient Windows-Triple Low-E Glazing, By Revenue, 2014–2023 (US$ Bn)
Figure 13 Global Energy Efficient Windows Market Share, by Region, 2014 and 2023
Figure 14 North America Energy Efficient Windows Market Share, by Country, 2014 and 2023
Figure 15 U.S. Energy Efficient Windows Market, by Volume, 2014–2023 (Billion Meter Square)
Figure 16 U.S. Energy Efficient Windows Market, by Revenue, 2014–2023 (US$ Bn)
Figure 17 Rest of North America Energy Efficient Windows Market, by Volume, 2014–2023 (Billion Meter Square)
Figure 18 Rest of North America Energy Efficient Windows Market, by Revenue, 2014–2023 (US$ Bn)
Figure 19 Europe Energy Efficient Windows Market Share, 2014 and 2023
Figure 20 Europe Energy Efficient Windows Market, by Volume, 2014–2023 (Billion Meter Square)
Figure 21 Europe Energy Efficient Windows Market, by Revenue, 2014–2023 (US$ Bn)
Figure 22 Asia Pacific Energy Efficient windows Market Share, by Country, 2014 and 2023
Figure 23 China Energy Efficient Windows Market, by Volume, 2014–2023 (Billion Meter Square)
Figure 24 China Energy Efficient Windows Market, by Revenue, 2014–2023 (US$ Bn)
Figure 25 Rest of Asia Pacific Energy Efficient Windows Market, by Volume, 2014–2023 (Billion Meter Square)
Figure 26 Rest of Asia Pacific Energy Efficient Windows Market, by Revenue, 2014–2023 (US$ Bn)
Figure 27 Rest of World Energy Efficient Windows Market Share, by Country, 2014 and 2023
Figure 28 Rest of the World Energy Efficient Windows Market, by Volume, 2014–2023 (Billion Meter Square)
Figure 29 Rest of the World Energy Efficient Windows Market, by Revenue, 2014–2023 (US$ Bn)