The global energy efficient windows market revenue is expected to expand at a lucrative CAGR over the forecast period. Rising awareness regarding carbon emissions and supportive government initiatives can fuel the market growth. Moreover, continuous innovation in product and collaboration by competing players in the market is projected to gain momentum.
The global market is projected to witness significant growth in the forecasted period due to increase in adoption of green building standards, increasing trend toward improving energy efficiency, and growth in popularity of heating, ventilation and air conditioning (HVAC) applications.
The global energy efficient windows market report has been segmented on the basis of glazing types, components, application and region.
On the basis of glazing type, the target market is segmented into double, triple low-e, and others. Double glazing segment is preferred by most consumers globally owing to lower cost of the product.
On the basis of components, it is segmented into glass, pane spacers, and frame.
On the basis of application, it includes residential, commercial, and industrial. The residential segment dominated the target market. Upward surge in demand for new constructions across the world driving the market towards growth. Need for energy efficient windows in buildings due to several benefits such as reduced noise and dust and improved thermal insulation is expected to driving the target market.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is the most promising market in terms of revenue over the forecast period, owing to increasing construction sector and favorable policies and plans. North America is one of the leading region for the target market. Some factors such as consumer preference for green buildings and growing efforts for reducing energy consumption as well as CO2 emissions from buildings provide the further boost to the target market. Moreover, advancement in existing infrastructure, growing interest in energy saving and cost benefit construction, are some of the factors pouring the market towards growth.
Key players operating in the global energy efficient windows market include Saint Gobain S.A., Asahi Glass Co., Ltd., Nippon Sheet Glass Co. Ltd., SCHOTT AG, Central Glass Co. Ltd., Masco Corporation, Builders FirstSource, Inc., Jeld-Wen Holding, Inc., YKK AP, Inc., Ply Gem Holdings, Inc., BMC Stock Holdings, Inc., Associated Materials LLC and Others