Energy-Efficient Window Market Report 2023 | Key Companies Saint-Gobain, SCHOTT, Asahi Glass Co. Ltd. and Others

Market Overview:
The Global Energy-Efficient Window Market was valued at USD 14.79 billion in 2021 and is expected to reach USD 24.06 billion by the year 2028, at a CAGR of 7.2%.

Energy-efficient windows have become increasingly popular in the past years due to advancements in technology. These windows provide better insulation against heat and cold compared to conventional windows, reducing the need for artificial heating and cooling in buildings. They come in various materials and styles, with their energy efficiency determined by how effectively they prevent heat loss, allow sunlight to pass through, and minimize air leakage. Typically, energy-efficient windows consist of two or three glass panes sealed within a frame made of materials like uPVC or wood. The growing demand for energy-efficient solutions, driven by the concept of smart cities, has contributed to the expansion of the energy-efficient window market.

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Market Dynamics:
Driver:
Condensation poses significant problems, particularly in moisture-rich spaces like kitchens and bathrooms. To combat this issue, the demand for energy-efficient windows is expected to rise, reducing condensation in homes. Replacing old windows with energy-efficient ones offers a tangible return on investment in both the short and long term. The initial cost of installing durable windows with premium warranties can be offset by energy savings, low maintenance costs, and fewer repairs over decades. Additionally, energy-efficient windows are increasingly being incorporated into various establishments such as hospitals, hotels, offices, airports, and educational institutes, further driving the growth of the energy-efficient window market in the foreseeable future.

Opportunities:
The increasing awareness among individuals in both developed and developing regions about the benefits of efficient windows compared to traditional ones has generated significant demand for energy-efficient windows. Consequently, more electricity is used to maintain a comfortable indoor temperature. This has led commercial buildings in the US to adopt energy-efficient windows, presenting a lucrative opportunity for market participants in this region. In developing countries, there has been a notable increase in spending on the construction of hospitals and educational institutions, thereby creating a profitable opportunity for market players.

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Market Segmentation
By component, the glass segment is forecasted to dominate the market in the projected period attributed to the growing awareness about climate change. Energy plays an important role in running businesses as well as powering houses. Most of the energy produced across the globe is from non-renewable sources which increase the generation of Green House Gas (GHGs). Individuals are adopting advanced technologies to reduce the consumption of energy hence, are incorporating energy-efficient glasses in their household and commercial buildings. The glass utilized is transparent and it helps in blocking UV, and infrared rays thus maintaining optimum temperature in the house or building. This segment is estimated to generate revenue of USD 12.4 billion by the end of the analysis period growing at a CAGR of 7.9%.
• Glass
• Frame
• Hardware

By glazing, the triple low-E glazing segment is expected to dominate the energy-efficient window market. Low-E glass is a glass with low levels of iron, and it helps in reducing the amount of infrared heat absorbed from the sun and is often found in European windows. The usage of these glazing panes results in less heat inside the home during summer. The absorption of UV light is reduced by low-E coatings. UV rays are blocked, preventing fading and sun damage on carpets, furniture, drapes, and floors. In addition, they are much more energy-efficient, reducing heating and cooling costs as well as the costs of maintaining heating and cooling systems.
• Double Glazing
• Triple Low-E Glazing

By application, the replacement & renovation segment is anticipated to lead the growth of the energy-efficient window market. Residential heating and the utilization of cooling energy is an account for 25%-30% of heat gain and heat loss through windows. Individuals are understanding the benefits offered by energy-efficient windows. The COVID-19 pandemic made people work from home, thus resulting in several individuals replacing and renovating their old windows. People began to invest in energy-efficient windows in greater numbers than before. Aside from helping to protect the environment, these windows also help homeowners save money on their electric bills, improve the comfort of their homes, minimize condensation, and boost light and visibility.
• Replacement & Renovation
• New Construction

By end-user, the commercial segment is expected to have the highest share of the market during the forecasted timeframe. The growth of this segment can be attributed to more businesses acknowledging the cost saved by energy-efficient windows. In a business complex, the usage of energy-efficient windows can significantly reduce the cost of cooling systems. Moreover, commercial building windows require regular maintenance and having energy-efficient windows can help in reducing maintenance and repair costs. Additionally, according to studies efficient commercial properties have better sale prices, rental prices, and asset valuation, thus driving the growth of this segment.
• Residential
• Commercial

Players Covered in Energy-Efficient Window market are:
• Apogee Enterprises Inc.
• Asahi Glass Co. Ltd.
• Saint-Gobain SA
• Central Glass Co. Ltd.
• Atrium Corporation
• SCHOTT AG
• Builders FirstSource Inc.
• Dunes Point Capital
• Anderson Corp.
• SVPGLOBAL
• China Glass Holdings Ltd.
• Deceuninck NV
• Guardian Industries Corporation
• Inwido AB
• Jeld-Wen Inc.
• Kolbe & Kolbe Millwork Co. Inc. and other major players.

Regional Analysis of Energy-Efficient Window Market:
The European region is anticipated to have the largest share of the energy-efficient window market over the analysis period, attributed to the energy cost and consumption. Energy is substantially more expensive in Europe, from gasoline to electricity, so European homeowners make their homes as energy-efficient as possible. The most frequent type of windowpane preferred by residents in this area is low-E glass. Germany is the most energy-efficient country in the world, according to a report by the American Council for an Energy-Efficient Economy (ACEEE). A total of 16 countries were examined for this assessment. Italy, the United Kingdom, France, and Spain were ranked 2, 4, 6, and 8 in that order.

The North American region is forecasted to have the second-highest share of the energy-efficient window market. The growing trend of smart cities and the rise in the per capita disposable income has created a huge demand for energy-efficient windows. The revenue generated by the energy-efficient window market in 2020 was estimated at USD 4.1 billion, the USA and Canada being the prominent countries responsible for the market's development. The governments in this region are taking initiatives to promote the adoption of novel solutions to reduce the usage of energy to regulate the house temperature.

The energy-efficient window market in the Asia-Pacific region is anticipated to develop at the highest CAGR during the projected timeframe. Benefits of energy-efficient windows such as superior thermal and lighting performance reduced condensation, and reduced fading of interior furnishings are being acknowledged by the construction industry in this region. The American Council for an Energy-Efficient Economy (ACEEE) ranks China, Japan, Australia, India, and South Korea at 4, 6, 10, 11, and 12 for being the most energy-efficient economies. Government initiatives for the development of smart cities have been a boon for the energy-efficient window market in this region. For instance, India's government plans to build 4,000 smart towns by the end of 2023, with a total investment of US$ 6.5 billion thus, driving the growth of the market.
North America
• US
• Canada
• Mexico
Eastern Europe
• Bulgaria
• The Czech Republic
• Hungary
• Poland
• Romania
• Rest of Eastern Europe
Western Europe
• Germany
• UK
• France
• Netherlands
• Italy
• Russia
• Spain
• Rest of Western Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Malaysia
• Thailand
• Vietnam
• The Philippines
• Australia
• New Zealand
• Rest of APAC
Middle East & Africa
• Turkey
• Bahrain
• Kuwait
• Saudi Arabia
• Qatar
• UAE
• Israel
• South Africa
South America
• Brazil
• Argentina
• Rest of SA

Recent Industry Developments in Energy-Efficient Window Market:
1. In January 2022, Ubiquitous Energy received a strategic investment from Andersen Corporation. The UE Power™ technology from Ubiquitous Energy is the first patented and transparent photovoltaic glass coating that harnesses solar power to generate electricity while looking almost indistinguishable from traditional windows.

2. In January 2022, SVPGLOBAL announced the acquisition of Associated Materials, a vertically integrated building goods company with $1.6 billion in annual revenues and a global leader in vinyl windows, vinyl cladding, and metal siding and trim. Following the acquisition, Associated Materials will become a portfolio firm of SVPGLOBAL and will continue to supply high-quality goods and services to its clients.

Reasons To Buy Energy-Efficient Window Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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