Energy Efficient Windows Market

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The Energy Efficient Windows Global Market Report 2023 by The Business Research Company, provides energy efficient windows market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Energy Efficient Windows Global Market Report 2023, the market size is expected to grow from $11.46 billion in 2022 to $12.54 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the energy efficient windows is expected to grow to $16.72 billion in 2027 at a CAGR of 7.5%.

Increasing environmental awareness and the widespread adoption of green buildings are expected to propel the growth of the energy-efficient windows market. Green buildings have adopted the practise of creating structures and using processes to create environmentally responsible and resource-efficient buildings from the beginning to the end of the construction of the building. These energy-efficient buildings provide a significant reduction in the energy required for heating and cooling, independent of the energy and the equipment that will be chosen to heat or cool the building.

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The energy efficient windows market is segmented:

1) By Operating Type: Awning, Casement, Double-hung, Fixed, Hopper, Sliding

2) By Component: Frame, Glass, Hardware

3) By Glazing Type: Double Glazing, Triple Glazing, Other Glazing Types

4) By Application: New Construction, Renovation And Reconstruction

5) By End User: Residential, Non Residential

Increasing research and development in energy-efficient windows is a key trend in the energy-efficient window equipment market. Stakeholders in the market are focusing on developing efficient windows that are capable of reducing wastage and energy consumption. For instance, in 2020, at Nanyang Technological University, Singapore, researchers have developed a smart energy-efficient window, which is around 30% more energy-efficient than commercially available low-emissivity (energy-efficient) glass. It has been made by placing hydrogel-based liquid within glass panels and found that it can reduce up to 45% of energy consumption in buildings in simulations, compared to traditional glass windows.

The energy efficient windows market report table of contents includes: