Energy Efficient Windows Market

The energy efficient windows market is projected to reach $29,023.8 million by 2030, growing at a CAGR of 8.1% from 2023 to 2030, compared to $15,594.0 million in 2019. Energy efficient windows play a crucial role in reducing the need for artificial heating and cooling in buildings. These windows consist of glass or glazing, frames, and other hardware, which provide significant protection against heat loss and heat gain from the external environment, resulting in reduced energy consumption. The energy efficiency of windows is typically measured by two factors: solar heat gain coefficient (SHGC), which measures the amount of solar heat entering through the window, and U-factor, which measures the window's insulation capacity. Energy efficient windows are certified based on their SHGC and U-factor, qualifying them for the Energy Star Rating by the National Fenestration Rating Council (NFRC) in the U.S. These windows are available in double glazing and triple glazing types, with low emissivity (low-E) coating and argon or krypton gas filling between the glazing.

The adoption of energy efficient windows is primarily driven by the reduction in energy and air conditioning costs. By using energy efficient windows, up to 15% of total air conditioning expenses can be saved annually. Additionally, the growing demand for electricity due to population growth and increased reliance on electric appliances and air conditioning systems further emphasizes the need for energy efficient solutions. Energy efficient windows help reduce electricity wastage by preventing air leakage from the room, maintaining a stable indoor temperature, and minimizing the reliance on artificial heating or cooling. The increasing global awareness of environmental sustainability and climate change has prompted governments to implement regulations aimed at reducing household carbon footprints. In many cases, governments offer subsidies for the replacement of old windows and furnaces, driving the demand for energy efficient windows as a more sustainable alternative. This, in turn, fuels the growth of the energy efficient windows market.

The market growth of energy efficient windows is primarily hindered by the high initial costs associated with them. These windows require more advanced components and glass coatings compared to regular windows, resulting in higher product costs. Additionally, the installation of energy efficient windows necessitates skilled labor, leading to increased installation expenses.

On the other hand, various government initiatives aimed at promoting energy efficient buildings to reduce overall energy consumption are expected to drive the demand for energy efficient windows worldwide. The increasing awareness about the energy efficiency of buildings creates favorable opportunities for the growth of the energy efficient windows market.

In terms of end users, the residential segment accounted for over half of the global energy efficient windows market share in 2019, driven by the rise in construction activities and home improvement projects. Among the components, the frame segment generated significant revenue in the global market, mainly due to the higher manufacturing material costs. However, the glass segment is projected to witness rapid growth by 2030, driven by continuous technological advancements in energy efficient glass products.

The energy efficient windows market is segmented based on operating type, glazing type, component, end user, and region. In terms of operating type, the market is categorized into awning, casement, double hung, fixed, hopper, and sliding. The glazing type classification includes double glazing, triple glazing, and others. The components are divided into frame, glass, and hardware. The end users are classified as residential and non-residential.

Geographically, the analysis of the energy efficient windows market covers North America (including the U.S., Canada, and Mexico), Europe (including Germany, the UK, France, Italy, and the rest of Europe), Asia-Pacific (including China, Australia, Japan, India, and the rest of Asia-Pacific), and LAMEA (including Latin America, the Middle East, and Africa). Throughout the study period, North America is expected to hold the largest market share, while Asia-Pacific is projected to grow at the fastest rate.

Competition analysis reveals key market players such as Andersen Corporation, Deceuninck NV, JELD-WEN Inc., Marvin, Masco Corporation, PGT Innovations, Inc., Ply Gem Residential Solutions (Cornerstone Building Brands), REHAU Incorporated, VKR Holdings A/S, and YKK Group. These competitors often adopt product launches as a key strategy to expand their energy efficient product portfolios and incorporate technological advancements. For example, Jeld-Wen introduced the FiniShield exterior finishing technology in February 2019, which enhances vinyl performance and customization options. Additionally, business expansion strategies are also employed by players to strengthen their presence in the energy efficient windows industry. For instance, PGT Innovations launched a new 24,500 sq. ft. iLab in North Venice in October 2019, aiming to provide customized window and door solutions to customers.

Key Benefits For Stakeholders
• This report thoroughly analyzes the current and emerging trends and dynamics in the global energy efficient windows market.
• The market segments are comprehensively analyzed and market estimations are provided for the period between 2019 and 2030.
• The top competitors in the market are closely monitored and their product positioning is analyzed within the market framework.
• The report includes a comprehensive analysis of market opportunities in all countries.
• The report also provides a forecast analysis of the global energy efficient windows market from 2023 to 2030.
• The strategies of key market players are thoroughly examined and their profiles are included in the report, offering insights into the competitive landscape of the industry.

Global Energy Efficient Windows market Segments
By Operating Type
• Awning
• Casement
• Double-hung
• Fixed
• Hopper
• Sliding

By Glazing Type
• Double Glazing
• Triple Glazing
• Others

By Component
• Frame
• Glass
• Hardware

By End_user
• Residential
• Non-residential

By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o The UK
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o Australia
o Japan
o India
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa