Kolbe & Kolbe Millwork Co., Inc., Marvin Windows
and Doors, Inc., Milguard Manufacturing, Inc., and Pella Corporation
are some of the key producers of energy efficient windows from a
global perspective, reports Transparency Market Research in a new
study. These players held large shares in the global energy efficient
windows revenue in 2015 and are expected to dominate the market for
the coming years as well.
The competitive scenario in the energy efficient
windows market is teeming with strategic initiatives high due to the
presence of a large number of players. Most key players are
consolidating their position by forming long-term strategic
partnerships.
The threat of new entrants to energy efficient
windows production is expected to be high over the next few years,
due to the increased government support given to the players in many
countries. Additionally, there already exists a large base of
investors ready to provide capital to promising players in energy
efficient windows.
This 70 page report gives readers a comprehensive
overview of the Energy Efficient Windows market. Browse through 12
data tables and 29 figures to unlock the hidden opportunities in this
market@
Energy Efficient Windows Seeing Greater Demand Due
to Growing Energy Saving Regulations
A large number of countries are in the midst of
regulatory reforms that will cut down their national carbon
footprint. Countries such as China, Russia, the U.S., and most
European nations are buckling down on energy efficiency improvement
methods. China for instance has set a goal of cutting down its carbon
footprint by 40% to 45% between 2005 and 2020.
Energy efficient windows form a crucial factor in
this endeavor, thereby offering players not only a higher demand from
these regions, but also a greater level of support from governments
and private investors.
High Initial Investments Dilute Interest in Energy
Efficient Windows
“Energy efficient windows can be an intensive
investment, as customers have found out,” states a TMR analyst.
“The cost of energy efficient windows can rage anywhere between
US$115 to US$1,000 for every square meter including the cost of
labor. Therefore, the higher quality energy efficient windows are
somewhat out of bounds for several construction companies and users,
especially in the emerging economies.”
The cost of energy efficient windows can rise this
fast with quality due to the use of expensive raw materials, such as
krypton gas. Additionally, the use of a few windows will not make a
significant enough contribution to the energy savings of a building.
For the most optimum effect, all the windows of a building need to be
energy efficient windows. Lower cost energy efficient windows
generally use argon as an insulator, which reduces the efficiency of
the window by a significant degree.
Emerging Economies Push for Double Glazing
Windows, Attract Energy Efficient Windows Player Focus
The global revenue from energy efficient windows is
expected to progress at a CAGR of 9.71% within a forecast period from
2015 to 2023. This market is expected to reach US$286.5 bn by the end
of 2016 and US$479.9 bn by 2023.
By volume, 3.12 bn square meters of energy efficient
windows are expected to be consumed by 2023. Emerging economies are
creating a high demand for double glazing windows, a segment which is
expected to generate close to US$345 bn by the end of 2023.
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the key trends impacting this market@
North America is expected to keep its leading
position in revenue generated as well as volume consumed between 2015
and 2023. By the end of 2023, this region is expected to hold 58.41%
share by volume in energy efficient windows.
The information presented in this review is based on
a Transparency Market Research report, titled, “Energy Efficient
Windows Market - Global Industry Analysis, Size, Share, Growth
Trends, and Forecast 2015 - 2023.”
Key Takeaways:
- Double glazing windows to be most popular type, expected to earn US$345.81 bn in revenue by 2023.
- 41% of global energy efficiency windows volume to be consumed in North America by 2023.
- 13 bn sq. m. of energy efficient windows expected to be installed by 2023.
Key Segments of the Global Energy Efficient
Windows Market
Global Energy Efficient Windows Market, by Glazing
- Double glazing windows
- Triple low-E glazing windows
Global Energy Efficient Windows Market, by
Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
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