Energy-Efficient Windows Market Segmentation and Key Companies by 2027
The global market for energy-efficient windows is poised for
substantial growth, projected to reach $29,023.8 million by 2027, up from
$15,594.0 million in 2019, with a notable compound annual growth rate (CAGR) of
8.1% from 2020 to 2027. In 2019, North America emerged as the dominant force in
the market, capturing 33.6% of the total revenue share.
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Energy-efficient windows play a crucial role in reducing the reliance on artificial heating and cooling systems within buildings by providing effective insulation against heat loss and gain from the external environment. Comprising three key elements—glass or glazing, frames, and associated hardware—these windows undergo certification based on metrics like the solar heat gain coefficient (SHGC) and U-factor, qualifying for Energy Star Ratings issued by the National Fenestration Rating Council (NFRC) in the U.S. The SHGC assesses solar heat penetration, while the U-factor measures insulation efficiency.
Typically crafted from premium materials such as vinyl and aluminum, energy-efficient windows feature double or triple glazing sealed within the frame using spacers, ensuring minimal heat transfer and thereby reducing air conditioning costs. Growing environmental awareness and concerns about climate change have propelled the global adoption of energy-efficient products, spurring technological advancements, particularly in energy-efficient windows, and driving market expansion.
Moreover, governments worldwide have acknowledged the energy-saving benefits of these windows, offering subsidies and incentives to incentivize their installation in both new constructions and replacements. Notably, initiatives like the WISE Home Energy Program in the U.S. provide homeowners with financing options of up to $15,000 for installing energy-efficient products like windows, aiming for at least 20% energy conservation. Such supportive measures encourage widespread adoption and contribute significantly to the growth of the energy-efficient windows market.
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Top Players:
The major players operating in the energy efficient windows industry include 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.
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