By 2026, the energy-efficient Windows market is worth $18.3 billion-an exclusive report from MarketsandMarkets™

2021-12-14 14:44:28 By : Mr. ofclean OFC

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Chicago, November 16, 2021 /PRNewswire Regions-Global Forecast to 2026", released by MarketsandMarkets™, the global energy-saving window market is expected to grow from USD 13.1 billion in 2021 to USD 18.3 billion in 2026, with a compound annual growth rate of 7.0% during the forecast period. Double-glazed energy-saving windows are widely used in refurbishment and retrofit applications. They have most of the market share in the non-residential sector of the construction industry.

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In terms of value, renovation and reconstruction have a major share in the energy-saving window market.

Energy-efficient windows are widely used in renovation and reconstruction applications. The continuous efforts of the European Union and the United States to reduce their carbon footprint are driving this demand. These countries are trying to reduce the average energy consumption of households by reducing the energy loss of heating and cooling through windows.

The COVID-19 pandemic has reduced global construction activity in the first half of 2020. This has led to a reduction in the global demand for energy-saving windows.

In terms of value, the non-residential sector has the largest market share in the global energy-saving window market during the forecast period

Due to the rapid urbanization process and consumers' awareness of energy-saving windows, North America is in a leading position in the non-residential energy-saving window market. The US government also provides tax credits to consumers who switch to energy-efficient windows. This greatly promoted the demand at the time. As awareness spread, the demand for tax credits declined, and consumers turned to energy-saving options.

Europe has been actively involved in the adoption of energy-efficient windows and plans to double their renovation rate in the next 10 years. It plans to completely switch to energy-efficient windows, which will reduce its carbon dioxide emissions by more than 20%.

COVID-19 has had a significant impact on the energy-saving window market in the non-residential sector. During the blockade, the company cut expenses. This led them to curb renovation and reconstruction costs. Due to increasing efforts to reduce carbon emissions, the Asia-Pacific region is slowly accepting energy-efficient windows in the non-residential sector.

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It is expected that during the forecast period, North America will occupy the largest market share in the energy-saving window market.

North America accounts for the largest share of the global energy-saving window market. Europe is the second largest consumer of energy-efficient windows. However, the COVID-19 outbreak has affected the demand for energy-efficient windows in the region. On the positive side, the package of support provided by governments will help maintain the liquidity of the energy-saving window market. These measures, combined with the recovery of the construction industry, will increase the demand for energy-saving windows in North America and Europe.

The main players in the energy-efficient window market are YKK AP, Inc. (Japan), Jeld-Wen Holding, Inc. (United States) and Builders FirstSource, Inc. (United States) is an energy-efficient window market. Deceuninck NV, PGT, Inc. and Apogee Enterprises Inc. etc. These companies participate in the adoption of various inorganic and organic strategies to expand their foothold in the energy-saving window market. In the past five years, these players have adopted different organic and inorganic development strategies.

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Insulating glass window market by product type, glass type (double glass, triple glass), spacer type, sealant type (silicone, polysulfide, hot melt butyl, polyurethane), end-use industry and region

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