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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