North America Energy-Efficient Window Market Size, Share & Industry Trends Analysis Report By Application, By Component, By End-use, By Glazing Type (Double Glazed, Triple Glazed, and Others), By Country and Growth Forecast, 2021 - 2027
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Get in-depth analysis of the COVID-19 impact on the North America Energy-Efficient Window Market
Market Report Description
The North America Energy-Efficient Window Market would witness market growth of 5.7% CAGR during the forecast period (2021-2027).
The need for air conditioning and heating systems in the residential sector has been driven by improved customer living standards associated with widely changing temperatures across different zones. In Greece, for example, almost 90% of households have air conditioning. More air conditioning implies more energy use, which contributes to greenhouse gas emissions. These devices' capacity to regulate room temperature will decrease emissions while also lowering electricity use.
Clear glass absorbs the heat and radiates it outdoors, so thermal radiation transfer is much more than a perception. By applying coating on glasses that reflect different wavelength of energy, the excitation and fluorescence possibilities of glass could be dramatically lowered. Long-wave thermal energy is emitted less by low-"E" coatings. In colder climates, the house retains more heat while the heat stays outside in hot climates. Low-E coatings boost the insulation value of a window similarly that adding another pane of glass would. As a result, a Low-E double-glazed window performs as well as a triple-glazed transparent window.
About 50% of an energy used to heat and cool a typical home is lost through air leakage. Most of this loss is affected by air leak around and through windows. Air leakage is effectively blocked by well-designed windows with robust silicone caulk and high-quality closing hardware. Casements and awnings, for example, are hinged windows that grip weather-stripping much more strongly than slider and double-hung windows. Double-hung curtains, on the other hand, are appropriate if well-made.
Due to the rapid rate of urbanization and consumer awareness of energy-efficient windows, North America would witness a high demand for energy efficient windows. Consumers who converted to energy-efficient windows were also eligible for tax credits from the US government. This resulted in a significant increase in demand at the time. As public awareness grows, the need for a tax credit decreases, and customers choose energy-saving alternatives. All over its ENERGY STAR website, the United States, Environmental Protection Agency (EPA) offers the efficiency levels as well as product information of residential doors, windows, and skylights. Manufacturers that meet these criteria can use the ENERGY STAR badge on models that meet the criteria. The National Fenestration Rating Council's (NFRC) directory search can help user to find ENERGY STAR-certified residential doors, windows, and skylights by climatic zone.
The US market dominated the North America Energy-Efficient Window Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4,583.1 Million by 2027. The Canada market is exhibiting a CAGR of 8.1% during (2021 - 2027). Additionally, The Mexico market would display a CAGR of 7.1% during (2021 - 2027).
Based on Application, the market is segmented into Renovation & reconstruction and new construction. Based on Component, the market is segmented into Glass, Frames, and Hardware. Based on End-use, the market is segmented into Non-residential, and Residential. Based on Glazing Type, the market is segmented into Double Glazed, Triple Glazed, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include JELD-WEN Holding, Inc., PGT Innovations, Inc., Central Glass Co., Ltd., Apogee Enterprises, Inc., Saint-Gobain Group (CertainTeed), Asahi Kasei Corporation, Schott AG (Carl-Zeiss-Stiftung), The YKK Group (YKK AP, Inc.), Nippon Sheet Glass Co., Ltd., and Ply Gem Industries, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Renovation & reconstruction
- New construction
By Glazing Type
- Double Glazed
- Triple Glazed
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- JELD-WEN Holding, Inc.
- PGT Innovations, Inc.
- Central Glass Co., Ltd.
- Apogee Enterprises, Inc.
- Saint-Gobain Group (CertainTeed)
- Asahi Kasei Corporation
- Schott AG (Carl-Zeiss-Stiftung)
- The YKK Group (YKK AP, Inc.)
- Nippon Sheet Glass Co., Ltd.
- Ply Gem Industries, Inc.
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