Rise in awareness about environmental sustainability, increase in global energy demand, and decrease in energy and air conditioning costs drive the growth of the global energy efficient windows market
PORTLAND, Oregon, May 21, 2020 /PRNewswire/ -- Allied Market Research published a report titled, "Energy Efficient Windows Market by Operating Type (Awning, Casement, Double-hung, Fixed, Hopper, and Sliding), Glazing Type (Double Glazing, Triple Glazing, and Others), Component (Frame, Glass, and Hardware), and End User (Residential and Non-residential): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global energy efficient windows industry was estimated at $15.59 billion in 2019, and is expected to hit $29.02 billion by 2027, registering a CAGR of 8.1% from 2020 to 2027.
Drivers, restraints, and opportunities-
Rise in awareness about environmental sustainability, increase in global energy demand, and decrease in energy and air conditioning costs drive the growth of the global energy efficient windows market. On the other hand, high initial costs of energy efficient windows compared to normal windows hamper the growth of the market. Nevertheless, government initiatives for energy-efficient building and use of photovoltaic panels in energy efficient windows are expected to create lucrative opportunities in the near future.
Get detailed COVID-19 impact analysis on the Energy Efficient Windows Market: https://www.alliedmarketresearch.com/request-for-customization/6556?reqfor=covid
The awning segment to maintain the lion's share by 2027-
Based on operating type, the awning segment contributed to around one-fifth of the global energy efficient windows market revenue in 2019, and is expected to retain its dominance by the end of 2027. This is owing to high penetration of awning type windows. However, the double hung segment would register the fastest CAGR of 9.6% throughout the forecast period. This is owing to the rise in demandf double hung type window as it is easy and hassle free cleaning process.
The residential segment to dominate during the estimated period-
Based on end user, the residential segment accounted for around two-thirds of the global energy efficient windows market share in 2019, and is anticipated to rule the roost during the study period. In addition, the segment is anticipated to manifest the fastest CAGR of 8.7% from 2020 to 2027. The continuous improvement and innovation in the automotive end user attract a wide range of customers which in turn augments the growth of the segment. This is owing to the growth in new construction and home improvement activities.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/6556
North America to dominate in terms of revenue-
Based on region, North America held the largest share in 2019, garnering for around one-third of the market. This is owing to various government initiatives taken in the North America region. Furthermore, the Asia-Pacific region is projected to manifest the fastest CAGR of 9.2% by 2027. Rise in disposable incomes and residential construction in the developing countries creates opportunities for the growth of energy efficient windows market in Asia-Pacific.
Key Market Players-
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/6556
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at:
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying:
Pre-Book Now with 12% Discount:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: 1-800-792-5285|
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow us on: LinkedIn Twitter