Kolbe & Kolbe Millwork Co., Inc., Marvin Windows and Doors, Inc.,
Milguard Manufacturing, Inc., and Pella Corporation are some of the
key producers of energy efficient windows from a global perspective,
reports Transparency Market Research in a new study. These players
held large shares in the global energy efficient windows revenue in
2015 and are expected to dominate the market for the coming years as
well.
The competitive scenario in the energy efficient windows market is
teeming with strategic initiatives high due to the presence of a
large number of players. Most key players are consolidating their
position by forming long-term strategic partnerships.
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The threat of new entrants to energy efficient windows production is
expected to be high over the next few years, due to the increased
government support given to the players in many countries.
Additionally, there already exists a large base of investors ready to
provide capital to promising players in energy efficient windows.
Energy
Efficient Windows Seeing Greater Demand Due to Growing Energy Saving
Regulations
A large number of countries are in the midst of regulatory reforms
that will cut down their national carbon footprint. Countries such as
China, Russia, the U.S., and most European nations are buckling down
on energy efficiency improvement methods. China for instance has set
a goal of cutting down its carbon footprint by 40% to 45% between
2005 and 2020.
Energy efficient windows form a crucial factor in this endeavor,
thereby offering players not only a higher demand from these regions,
but also a greater level of support from governments and private
investors.
High
Initial Investments Dilute Interest in Energy Efficient Windows
“Energy efficient windows can be an intensive investment, as
customers have found out,” states a TMR analyst. “The cost of
energy efficient windows can rage anywhere between US$115 to US$1,000
for every square meter including the cost of labor. Therefore, the
higher quality energy efficient windows are somewhat out of bounds
for several construction companies and users, especially in the
emerging economies.”
The cost of energy efficient windows can rise this fast with quality
due to the use of expensive raw materials, such as krypton gas.
Additionally, the use of a few windows will not make a significant
enough contribution to the energy savings of a building. For the most
optimum effect, all the windows of a building need to be energy
efficient windows. Lower cost energy efficient windows generally use
argon as an insulator, which reduces the efficiency of the window by
a significant degree.
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Emerging
Economies Push for Double Glazing Windows, Attract Energy Efficient
Windows Player Focus
The global revenue from energy efficient windows is expected to
progress at a CAGR of 9.71% within a forecast period from 2015 to
2023. This market is expected to reach US$286.5 bn by the end of 2016
and US$479.9 bn by 2023.
By volume, 3.12 bn square meters of energy efficient windows are
expected to be consumed by 2023. Emerging economies are creating a
high demand for double glazing windows, a segment which is expected
to generate close to US$345 bn by the end of 2023.
North America is expected to keep its leading position in revenue
generated as well as volume consumed between 2015 and 2023. By the
end of 2023, this region is expected to hold 58.41% share by volume
in energy efficient windows.
The information presented in this review is based on a Transparency
Market Research report, titled, “Energy Efficient Windows Market -
Global Industry Analysis, Size, Share, Growth Trends, and Forecast
2015 - 2023.”
Key
Takeaways:
Double
glazing windows to be most popular type, expected to earn US$345.81
bn in revenue by 2023.
- 41% of global energy efficiency windows volume to be consumed in North America by 2023.
- 13 bn sq. m. of energy efficient windows expected to be installed by 2023.
Key
Segments of the Global Energy Efficient Windows Market
Global
Energy Efficient Windows Market, by Glazing
- Double glazing windows
- Triple low-E glazing windows
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