Energy Efficient Windows Market Analysis

Global Energy-Efficient Windows Market Overview

Energy-Efficient Windows Market Size was valued at USD 12,354 million in 2023. The Energy-Efficient Windows industry is projected to grow from USD 13,323.8 million in 2024 to USD 24,798.6 million by 2032, exhibiting a compound annual growth rate (CAGR) of 8.07% during the forecast period (2024 - 2032). Increase in construction across the globe coupled with the adoption of green buildings and a rise in demand for energy-efficient infrastructure for buildings are the crucial factor driving the growth of the Energy-efficient Windows Market.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Energy-Efficient Windows Market Trends

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  Increasing popularity of energy-efficient windows to boost market growth.

  
  

The increased popularity of energy-efficient windows, which are both cost-effective and ecologically benign, is fueling market demand. Growing economies are witnessing a surge in demand for green buildings in the commercial development industry. Adoption of energy-efficient windows, which saves energy and air conditioning costs, is a major driver of development in the energy-efficient market business.

Furthermore, the increasing adoption of tactics by major players has improved and will continue to boost the market of energy-efficient window markets. The International Energy Agency's stringent energy-saving regulations have increased demand for such windows even more.

Additionally, according to the National Fenestration Rating Council (NFRC) of the United States recognizes every energy-efficient window product based on SHGC and U-factor, certifying it for the Energy Star Rating. Furthermore, energy efficient windows are available with double and triple glazing, low emissivity (Low-E) coatings, and argon and krypton gas filling between the panels.

However, Customers who install energy-efficient windows may save up to 15% on their annual air conditioning bills, is another factor driving the growth of the Energy-Efficient Windows market revenue.

2024: Saint-Gobain launched a new line of energy-efficient windows featuring advanced glazing technologies for improved thermal insulation.

Energy-Efficient Windows Market Segment Insights

Energy-Efficient Windows Glazing Types Insights

The energy-efficient windows segmentation, based on glazing type, Double Glazed, Triple Low-e, and others. The Double-Glazed segment held the majority share in 2021 because of increase in construction across the globe coupled with the adoption of green buildings in respect to the  Energy-Efficient Window market revenue. With rising demand for both the residential and commercial sectors, a double-glazed segment is expected to grow fast throughout the projection period. These windows are used in both new and renovated buildings. Double-glazed windows significantly reduce heat loss and promote energy savings, boosting the double-glazed market in the energy-efficient window industry.

February 2022: Jeld-Wen introduced Stormsure Express, a collection of colored timber windows. The window provides a wide collection of 36 design options varies in configurations and size. Additionally, Stormsure Express is six of Jeld-Wen's most famous colors.

June 2021: Saint-Gobain took over Vi-Lux Building Products, a manufacturer of cellular polyvinyl chloride molding and trim enterprises. Through this acquisition, the company aimed to expand its portfolio of standard and forte millwork and trim products, enabling flexibility to fulfill the needs of every consumer. Additionally, integration of Saint-Gobain's sales network and market reach within Vi-Lux's production as well as design abilities is expected to make a perfect combination.

Energy-Efficient Windows Components Insights

The  energy-efficient windows market data has been bifurcated by components into glass, frames, and hardware. In the Energy-Efficient Window Market in 2021, the glass sector had the biggest revenue share. In terms of energy efficiency, the choice of glass is by far the most important option in most windows. Users may also choose to select different types of skylights for various windows around the home based on a variety of window design characteristics including as climate, window orientation, building design, and many more. Hence rising components into glass, frames, and hardware implants for Energy-Efficient Windows positively impacts the market growth.

June 2021: JELD-WEN expanded its geographical footprints by investing a huge amount in its Quebec-based manufacturing facilities. Quebec is a premium production location for Hybrid and Vinyl windows.This development has further broadened the growth opportunity for the energy-efficient windows industry in North America.

Jan 2021: Builders FirstSource Inc. completed the merger of BMC Stock Holdings to become the country's premier supplier of a wide variety of building materials and services.

Figure 2:  Energy-efficient windows Market, by Component, 2021 & 2030 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Additionally, the rising demand for glass and the increasing use of hard coat as a solution are expected to drive the growth of the energy efficient glass market. Furthermore, the increase in demand for energy efficient glass is expected to growth of the energy efficient glass market. On the other hand, a lack of access to raw materials, promotion of recycling, and responsible chemical management is expected to stymie the growth of the energy efficient glass market throughout the forecast period.

Energy-Efficient Windows Application Insights

Based on application, the energy-efficient windows industry has been segmented into residential, commercial, and industrial sectors. With the increased energy efficiency of residential construction, Europe is expected to see tremendous growth in the energy-efficient glass industry. Moreover, green buildings are becoming more popular in the commercial construction sector as economies grow. Adoption of energy-efficient windows, which save energy and lower air conditioning costs, is a major driver of growth in the energy-efficient market business and is expected to grow at a CAGR of 8.07% over the forecast period. 

The third fastest growing segment in the energy-efficient windows industry is Industrial sector. The industrial sector is designed with energy conservation in mind. Industrial sector buildings are also designed to break even in the long term, so choosing energy-efficient windows seems like an excellent choice.

Energy-Efficient Windows Regional Insights

By Region, the study segments the market into North America, Europe, Asia-Pacific, and Rest of the World. North America Energy-efficient windows market accounted for USD 3.80 billion in 2021 and is expected to exhibit an 2.51% CAGR during the study period. This is attributed to the growing to rapid industrialization, primarily in US, Canada, and Mexico, as well as an ageing population across the region.

Further, the major countries studied are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3:  ENERGY-EFFICIENT WINDOWS MARKET SHARE BY REGION 2021 (%)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe energy-efficient windows market accounts for the second-largest market share due to the rising demand for the energy efficient glass products in the developed countries such as Germany, France, and the U.K. is witnessing high growth rates. Europe is projected to observe significant amount of growth in the energy efficient glass market due to the rise in the energy efficiency of a residential building. Moreover, the strict regulatory compliance regarding energy conservation and the growing disposable income is further anticipated to propel the growth of the energy efficient glass market in the region in the coming years. Further, the Germany energy-efficient windows market held the largest market share, and the UK energy-efficient windows market was the fastest growing market in the European region.

The Asia-Pacific Energy-efficient windows Market is expected to grow at a CAGR of 3.78% from 2022 to 2030. This is due to increased rates of osteoarthritis and degenerative disc disease, the rapidly growing medical tourism industry, and rising healthcare costs. Moreover, China energy-efficient windows market held the largest market share, and the India energy-efficient windows market was the fastest growing market in the Asia-Pacific region.

For instance, India energy-efficient windows market expected to grow very rapidly. The construction industry's recovery, as well as growing knowledge and concern about carbon emissions and energy conservation, are fueling the rise of the energy-efficient windows industry in India. China is expected to emerge as the region's market leader however, nations such as India, Australia, Indonesia, and Thailand are expected to provide fresh building and refurbishment prospects. China is the world's largest single market for the construction industry. The presence of the region's two most populous countries, India and China, is projected to drive demand for new development projects. Hence, Asia-Pacific is anticipated to register the highest growth rate over the forecast period from 2022–2030.

Energy-Efficient Windows Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the energy-efficient windows market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Energy-Efficient Windows industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the Energy-Efficient Windows industry to benefit clients and expand the energy-efficient windows market sector is to manufacture locally to reduce operating costs. In recent years, energy-efficient windows have provided some of the most significant benefits.

Many market participants in the energy-efficient window market used product launches as their primary development strategy to expand their energy-efficient product range for technological advancements. Jeld-Wen, for example, debuted FiniShield exterior finishing technology in February 2019, which increases vinyl performance and customises options. FiniShield is an external finishing technique that improves durability, consistency, energy control, and aesthetics. Similarly, the companies are utilising business development strategies to strengthen their position in the energy-efficient windows sector. PGT Innovation, for example, opened a new 24,500-square-foot iLab in North Venice in October 2019. Customers that require customised window and door solutions will be served by the iLAb team.

List of the Key Companies in the Energy-Efficient Windows Market Includes.

• Saint Gobain S.A. (France)


• Asahi Glass Co. Ltd. (Japan)


• Nippon Sheet Glass Co. Ltd. (Japan)


• Central Glass Co. Ltd. (Japan)


• Masco Corporation (U.S.)


• Builders First Source Inc. (U.S.)


• Jeld-Wen Holding Inc. (U.S.)


• YKK AP Inc. (Japan)


• Ply Gem Holdings Inc. (U.S.)


• Deceuninck NV (Belgium), among others

Energy-Efficient Windows Industry Developments

February 2022: Jeld-Wen introduced Stormsure Express, a collection of colored timber windows. The window provides a wide collection of 36 design options varies in configurations and size. Additionally, Stormsure Express is six of Jeld-Wen's most famous colors.

March 2023: Pella Corporation announced that it has acquired Milgard Windows and Doors. This acquisition will expand Pella's product portfolio and make it a leading provider of energy-efficient windows in the United States.

April 2023: Marvin Windows and Doors announced that it has launched its new line of Solar Eclipse windows. These windows feature a solar-powered tint that can help to reduce energy costs by up to 30%.

May 2023: Andersen Windows announced that it has received the ENERGY STAR® Most Efficient Windows Award for its 400 Series windows. These windows are among the most energy-efficient windows on the market, and they can help homeowners save up to 30% on their energy bills.

Energy-Efficient Windows Market Segmentation

Energy-Efficient Windows Glazing Type Outlook

• Double Glazed


• Triple Low-e


• Others

Energy-Efficient Windows Component type Outlook

• Glass


• Pane Spacers


• Frame

Energy-Efficient Windows Application Outlook

• Residential


• Commercial


• Industrial

Energy-Efficient Windows Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America