ALBANY, New York, January 5, 2016 /PRNewswire/ --
Transparency Market Research has released a new market report titled "Energy Efficient Windows Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023". According to this report, the global energy efficient windows market was valued at US$222.15 billion in 2014 and is projected to reach US$479.9 billion by 2023 at a CAGR of 9.71% from 2015 to 2023.
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High performance energy efficient windows are made up of four major components: low-emissivity (or low-e) coated glass, gas fills, spacers, and improved frames. These windows significantly increase the energy efficiency of the building structure by reducing its energy consumption. Energy efficient windows maintain the ambient temperatures inside the building by reflecting the outside infrared light. In the last few decades, the global energy consumption has increased due to rising population, followed by increase in commercialization. Limited energy generation sources have led nations to explore several techniques for optimizing energy consumption. Government institutions and regulatory bodies across the globe have introduced several policies and incentives in order to promote energy efficient window technologies in building structures. Introduction of such schemes has benefited not only consumers but also manufacturers of energy efficient windows. This acts as a major driving force for the energy efficient windows market.
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The energy efficient windows market has been segmented on the basis of type of glazing and geography. Based on glazing type, the market has been segmented into double glazing windows and triple low-e glazing windows. The double glazing windows segment held the largest share of the energy efficient windows market, by glazing type, in 2014.
From a geographical perspective, the global energy efficient windows market was dominated by North America in 2014, owing to the regional proximity of top players in the market and also being a market full of aware and ready-to-buy consumers. In the near future, the global energy efficient windows market is expected to be propelled by the Rest of the World segment, due to the depleting resources that are conventionally used to fuel temperature-controlled environments. Nations such as India and China are also quickly becoming larger entities in the global energy efficient windows market due to rapid commercialization, supportive regulatory policies, and the limitations put on the use of conventional energy resources.
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The global energy efficient windows market can be easily measured in terms of volume using the units of billion meter squared. With the double glazing windows being the most preferred type of windows in the global energy efficient windows market, we can see a rising trend of use among consumers in various regions.
Browse Regional Analysis: http://www.europlat.org/global-energy-efficient-windows-market-to-reach-us479-90-bn-by-2023-u-s-poised-for-strong-growth.htm
Demand for energy efficient windows is expected to increase gradually in the near future due to growth in infrastructure development globally. The global energy efficient windows market has been segmented as follows:
Energy Efficient Windows Market: By Glazing Type
- Double Glazing Windows
- Triple Low-E Glazing Windows
Energy Efficient Windows Market: By Region
- Rest of North America
- Rest of Asia Pacific
Rest of the World
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