The Energy Efficient Windows Market Report that analyzes the market for energy efficient windows in terms of revenue (US$ Bn), has revealed it expects to expand at over 10.5% CAGR within the next eight years. In the report, the market is segmented by product, application, family size, and geography (North America, Europe, Asia Pacific, the Middle East, Africa and South/ Central America).
For research purposes, 2014 has been taken as the base year, while all forecasts have been given for the period 2015 to 2023. The report includes the key market dynamics such as drivers, restraints, and opportunities affecting the global energy efficient windows market. These market dynamics were analyzed in detail and are illustrated with the help of supporting graphs and tables. The report also provides a comprehensive analysis of the market with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the structure and profitability of the market; bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.
Energy efficient windows help to conserve and contain heat within the home by resisting tough outside conditions such as rain, heat, storms and snow, by allowing natural free energy such as the warmth of the sun to heat the home. High quality frames and edge spacers are commonly used with these windows making them efficient, sustainable and reliable. Corrosion resistant windows (often used in buildings close to NYC’s East River and the Hudson River), high security fittings and internally glazed, are some of the key features that energy efficient windows hold over traditional windows. Lead-free materials used in new manufacturing methods are also more environmentally friendly 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 reduce cooling and heating costs by 16% and 23% respectively.
Growing commercialization and industrialization in developing countries is a key driver for the energy efficient windows market. Promotional schemes, subsidies and other initiatives by government institutions areas are just some of the drivers which would boost the demand for energy efficient windows. The US Government initiatives to reduce carbon footprints and growth in industrialization and other initiatives such as Mayor De Blasio’s NYC Retrofit Accelerator, will help drive the global energy efficient windows market during the forecast period.
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 the forecast period India and China are expected to witness significant growth owing to its growth in infrastructure and industrialization.
If you are interested in learning about how you can convert to energy efficient windows contact a member of the Adler Windows team today. With a wide variety of window manufacturers we can guarantee to find you the perfect window/door products for your property.