Government initiatives to reduce carbon footprints and growth in industrialization would drive the global energy efficient windows market during the forecast period.
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These windows help to conserve and contain heat within the home by resisting tough outside conditions such as rain, heat, storms and others, by allowing natural free energy, warmth of the sun to heat the home. High quality frames and edge spacers are commonly use with these windows which makes them efficient, sustainable reliable. Corrosion resistant, high security fittings and internally glazed are some of the features of energy efficient windows over traditionally used windows. Lead-free materials used in manufacturing has less negative impact to the environment when compared to traditional windows.
Insulation in these windows helps to reduce both energy and heat consumption, with extreme comfort level. Improved building structures of windows helps to reduces cooling and heating costs by 16 and 23% respectively. The selection of energy rating for windows are based on U-factor, visible transmittance, air leakage and solar heat gain. Lower the U- factor higher the window efficiency and vice versa.
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Growing commercialization and industrialization in developing countries is one of the key driver for energy efficient windows market. Promotional schemes, subsidies and other initiatives by government institutions areas some of the drivers which would boost the demand for energy efficient windows over traditional windows
Global energy efficient windows market is evaluated and forecasted in terms of revenue (US$ Bn) during the forecast period. The market is segmented by Product Type (single glazing, double glazing, triple glazing and low-e glazing and other coatings windows), by application (residential, commercial and industrial) and by family Size (single family and multifamily and others). Energy efficient windows market are further segmented by geography (North America, Europe, Asia Pacific, Middle East and Africa and South and Central America).
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North America, led by the U.S was the largest market for energy efficient windows and is likely to dominate the market during the forecast period. Followed by Europe, Asia Pacific, and Central America, during forecast period India, China is expected to witness significant growth owing to its growth in infrastructure and industrialization.
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