Published By : 15 Jan 2016 | Published By : QYRESEARCH
The energy efficient windows market is an important and one of the largest markets in the energy and mining sector. Over the past few years, there have been many advancements in the global market for energy efficient windows across the world. Effectively, North America has been the largest contributor in the global energy efficient windows market. Large-scale commercialization and industrialization have increased the demand for energy efficient windows across North America. Growing population led to the growth of the residential projects. To meet the growing needs of people, many new commercial businesses have come up in the recent past.
The very first step in achieving sustainability in commercial buildings is to make the buildings energy efficient. Energy efficiency not only reduces the costs but also increases the competitiveness and value of the buildings. Considering its ease of use and long life, most of the new commercial and residential constructions are equipped with energy efficient windows. Energy efficient windows reduce the cooling and heating costs by up to 23% and 16% respectively. Environment regulatory bodies and government institutions have introduced various tax rebate programs to promote energy efficiency in commercial buildings.
The global energy efficient windows market is expanding rapidly due to the introduction of a wide variety of products by the leading companies. Favorable regulatory conditions and high global power demand are predicted to propel the global market for energy efficient windows in the years to come. Increasing demand for energy and rapid commercialization are predicted to propel the North America energy efficient windows market in the next few years. Based on glazing type, the global energy efficient windows market is classified into triple low-e glazing windows and double glazing windows.
Market leading companies such as Kolbe & Kolbe Millwork Co., Inc., Milgard Manufacturing, Inc., Associated Materials, LLC., and Marvin Windows and Doors, Inc. are focusing on introducing innovative technologies in energy efficiency windows in the years to come in order to maintain their dominant position in the global energy efficient windows market. Going forward, the leading companies are planning to concentrate on introducing high-performance energy efficient windows made up from four components including gas fills, spacers, low-emissivity coated glass, and improved frames.