The global energy efficient windows market size was valued at USD 21.32 billion in 2023 and is expected to reach from USD 23.08 billion in 2024 to USD 43.69 billion by 2032, growing at a CAGR of 8.3% over the forecast period (2024-32).
The increasing cost of energy is a significant driver for the adoption of energy-efficient windows. These windows help reduce heating and cooling costs by improving insulation and minimizing energy loss, making them an attractive option for both residential and commercial property owners.
Energy-efficient windows have double or triple-paned glazing that is filled with air, argon, or krypton to minimize heat loss from the building's interior. Preventing air from leaving the room through windows reduces the need for artificial air conditioning and keeps the room at a consistent temperature. An energy-efficient window is primarily made up of a window frame, glass that may or may not have specific coatings applied to it, such as low emissivity (Low-E) coating, and additional hardware, such as spacers and hinges. Additionally, the solar heat gain coefficient (SHGC), which gauges how much solar heat is let in through the window, and the U-factor, which gauges the window's insulating capacity, are the two key metrics used to gauge the window's energy efficiency.
By blocking the airflow between the inside and outside of the building, energy-efficient windows lower a building's need for air conditioning and energy usage. Up to 15% of the annual air conditioning costs can be saved by installing energy-efficient windows. Thus, this encourages the market for energy-efficient windows to increase. In addition, governments now propose policies for minimizing families' carbon footprint due to the increasing awareness about environmental sustainability brought on by the recognition of climate change. Contrastingly, the high cost of energy-efficient window products and high installation costs of the energy-efficient windows is a significant barrier to the market's expansion for these products.
Traditional windows with single or double clear glass panes are inefficient for changing climates in various regions and throughout the seasons. These windows enable the transfer of heat between buildings' interior and exterior. As a result, the heaters and air conditioners operate for extended periods, consuming more energy and increasing energy costs. The overall energy used for household heating and cooling increases by 25% to 30% due to heat gain and heat loss through windows. The energy-efficient windows, on the other hand, are specifically made to create a barrier to prevent heat and air transfer to the outside environment. As a result, the cost of air conditioning is decreased.
According to the US Department of Energy, Energy Star-certified windows can save annual energy costs by up to 15%, or USD 71 to USD 105, depending on the type of window and the location where it is put. As a result, the market for energy-efficient windows is expanding due to the decline in energy and air conditioning expenditures. Additionally, the windows' leaks and drafts cause a loss of heat during the winter and cool air during the summer, which ultimately raises the cost of electricity.
Cost is the main barrier to installing energy-efficient windows. Installation of new, energy-efficient windows could cost 10% to 15% more than installing standard windows.
Due to the increase in energy demand, there has been an increase in the necessity for installing energy-efficient solutions. However, it is anticipated that the implementation of these energy-efficient technologies will be expensive. Additionally, the government has launched specific measures to address this issue that is anticipated to accelerate the adoption of energy-efficient alternatives. Authorized governmental entities have begun to provide tax incentives, rebates, and loans for certified items depending on the state or operating regions. This encourages people to purchase qualifying windows.
Study Period | 2020-2032 | CAGR | 8.3% |
Historical Period | 2020-2022 | Forecast Period | 2024-2032 |
Base Year | 2023 | Base Year Market Size | USD 21.32 billion |
Forecast Year | 2032 | Forecast Year Market Size | USD 43.69 billion |
Largest Market | North America | Fastest Growing Market | Europe |
North America is forecasted to command the regional energy efficient windows market while expanding at a CAGR of 7.7%. Due mainly to the region's high adoption rate of energy-efficient windows, the leading producers concentrate on the North American market. Many businesses, including Andersen Corporation, Jeld-Wen Holding, Inc., Marvin, Masco Corporation, PGT Innovation, Inc., and Cornerstone Building Brands, manufacture energy-efficient windows in the United States. Additionally, these businesses are present in Minnesota, Arizona, North Carolina, Michigan, and Florida for manufacturing. For various end users in North America, these manufacturers hope to offer a wide selection of energy-efficient windows as well as service and sales support.
Intense research & development is being done in the energy-efficient window technology due to the increase in the installation of energy-efficient windows. These developments provide users with the ideal remedy. In this location, businesses are currently offering highly sophisticated, energy-efficient windows. In the past several years, these businesses have introduced numerous new products for various window types based on the operating style, glazing style, and end users to diversify their product offerings and draw in more customers with various options. A lot of new manufacturing facilities are also being built. Several showrooms are situated in significant cities to reach out to the customer and physically present the products.
Europe will presumably hold USD 11,719 million, expanding at a CAGR of 8.85%. In Europe, governments have put strict environmental protection regulations into effect. To decrease non-renewable energy sources, businesses are developing innovative technology. Additionally, cutting-edge machinery is being developed to minimize costs associated with operating building spaces. Energy-efficient windows have improved efficiency and focus on performance. Furthermore, prominent players with a substantial regional presence include Deceuninck Group, VKR Holdings A/S, and Rehau, among other large manufacturers, all whose headquarters are in Europe. Such elements favorably impact the global market growth in Europe.
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
Based on the operating type, the segments are awning, casement, double-hung, fixed, hopper, and sliding. The awning section will presumably hold the largest share, expanding at a CAGR of 9.11%. Awning windows allow air to enter from the right, left, or bottom by opening outward. Awning windows are popular in the market for energy-efficient windows because of their straightforward operation. Since they may be mounted high on walls, these windows provide the highest level of privacy. Additionally, these windows offer good light and air circulation. Awning windows are also less expensive than other varieties.
The sliding section will hold the second-largest share. Windows that slide move down a track. It is simple to open and close these windows. Sliding-type windows are popular in the market for energy-efficient windows because they are simple to open and close. These windows require very little upkeep and are highly durable and energy efficient. Due to their ease of use, sliding windows are also less expensive.
Based on the glazing type, the segments are double glazing, triple glazing, and others. The double-glazing section is predicted to have the most significant shareholding, expanding at a CAGR of 9.2%. Double-glazing windows have two layers of glass sandwiched between two layers of gas or air. When compared to single-glazed units, this produces approximately twice as much insulation. Double-glazed windows have an airtight design that creates a thermal barrier that prevents the movement of both incoming and departing heat or air. Lower power expenses result from the extremely little energy required to cool or heat the area.
The triple glazing section will hold the second-largest share. Windows with triple glazing have three layers of glass with an air or gas layer sandwiched in between. With their airtight design, triple-glazed windows create a thermal barrier that prevents the movement of both incoming and departing heat or air. Lower power expenses result from the extremely little energy required to cool or heat the area. The air between the three panes and an airtight seal reduce condensation on the windows.
Based on the component, the segments are frame, glass, and hardware. The frame section is forecasted to hold the largest share, expanding at a CAGR of 7.95%. The windows' glass is held in place by frames. The windows' durability is increased by the frames. Depending on the material, the frame characteristics alter. The frames must be non-corrosive, weatherproof, and have minimal maintenance. Furthermore, during the projection period, the sale of energy-efficient windows will increase due to the raw materials used to create frames with improved physical characteristics, including anti-rust and their ability to tolerate extremely high temperatures.
The glass section will hold the second-largest share. The type of glass used in windows is a high cost in the market for energy-efficient windows. The best material for retaining heat inside or outside of windows is glass.
Based on the end-user, the segments are residential and non-residential. The residential section is estimated to advance at a CAGR of 8.9% and hold the largest share. Residential windows that are energy efficient are utilized in private homes or societies. Awning, casement, double-hung, and sliding windows can all be placed for residential applications. For residential buildings, awning, casement, and sliding are the most frequently chosen types. Population growth and increased consumer knowledge of energy-efficient windows encourage the construction of more homes, improving the residential market for energy-efficient windows.
The non-residential section will hold the second-largest share. Non-residential infrastructures will have a lot of windows installed. Using energy-efficient windows in non-residential buildings reduces heat loss. Additionally, energy-efficient windows reduce the amount that is spent on electricity bills. Additionally, specific windows with double or triple glazing keep outside noise from penetrating the structure. These are the main elements fueling the market expansion for non-residential windows that are energy efficient.