Aug 18, 2023
Growth forecasted for global energy-efficient windows market until 2030
The global energy-efficient windows market is set to witness significant expansion, with a projected compound annual growth rate (CAGR) of 6.4% spanning from 2023 to 2030, according to a report by ResearchAndMarkets.com.
Factors driving this growth include an emphasis on enhancing energy efficiency, the embrace of eco-friendly construction standards, and the mounting popularity of heating, ventilation, and air conditioning (HVAC) applications. Urbanization, commercial endeavors, industrial activities, and stringent governmental regulations have additionally contributed to the upswing in the energy-efficient windows sector.
Growing environmental concerns have led to stringent global energy consumption regulations. Governments worldwide have enacted energy policies contingent on the thermal attributes of buildings. Furthermore, investments in smart city initiatives in emerging economies are stimulating the demand for energy-efficient windows on a global scale.
The need for high-performance windows with effective thermal isolation and air leak prevention is a key driver behind the remarkable expansion projected for the energy-efficient windows market. Anticipated growth is particularly notable in the residential sector, driven by the installation of new energy-efficient windows and the replacement of outdated single-pane windows.
Despite the essential role of glass in energy-efficient windows, its elevated cost could potentially impede market progress. Nevertheless, such windows deliver decreased heating and cooling expenditures, enabling the utilization of more efficient and compact heating and cooling systems. Furthermore, these windows offer improved insulation, warmer glass surfaces, and reduced condensation during warm seasons, countering issues posed by conventional window systems characterized by insufficient insulation.
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