Energy Efficient Windows Market
“ 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.
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.
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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.”
Transparency Market Research
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