Energy Efficient Windows Market 2020 By Regional Outlook and Growth Forecast To 2024 | Marvin Windows & Doors Inc., Milgard Manufacturing Inc., Pella Corporation, Soft-Lite Windows, Atrium Corporation, Andersen Corporation, Jeld-Wen Inc., YKK AP Inc., Ass

Double glazing energy efficient windows market is anticipated to continue its domination over the period of 2016-2024, driven by its growing need for maintaining room temperature across commercial and residential infrastructures. Triple low-e energy efficient windows industry is anticipated to grow at a rate of 11% over the coming period of 2016-2024, owing to heavy investments in R&D activities along with growing initiatives to increase energy efficiency.

Energy efficient windows finds extensive application across commercial and residential sectors. Commercial application is expected to grow at a CAGR of 10% over the coming timeframe, due to favorable government policies supporting erection of green structures plus high rate of commercialization across the APAC regions. Rise in the number of construction activities along with high consumer awareness regarding energy conservation is forecast to boost energy efficient windows market revenue in the residential sector.

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Europe Energy efficient windows market is expected to have a promising growth prospects in the years ahead. Numerous supportive measures imposed by EU to reduce the harmful gas emissions and energy consumption is expected to complement the market outlook. In addition to this, European union commitment of saving almost 20% of the total energy requirement will further increase the deployment of Energy-efficient windows both in commercial and residential buildings. Europe Energy-efficient windows industry is estimated to grow strikingly with a projected CAGR of 11.5% over the period of 2016-2024.

U.S. is one prominent region which has marked its footprints in global Energy-efficient windows industry. The country has recently launched a voluntary program named 'Energy star" that mainly focusses on reducing the energy bills and protects the environment through superior energy efficiency. The government has also introduced various subsidies, encouraging more of energy star labels products deployment to reduce the carbon footprints of the country. An estimation depicts that more than 80% of the total window sales of the country carries an Energy star rating. Apart from this, U.S. government has taken significant measures to curb the energy consumption in the construction sector too. BTP initiated by the federal government which mainly focusses on the construction of net-zero energy buildings will also offer lucrative opportunities to the regional market to widen its horizon in the coming time. U.S. Energy efficient windows market is poised to chart a lucrative growth path at an annual rate of more than 10 % over the coming seven years.

Replacement adoption accounted for 60% of the total volume in 2015. The earnest necessity of replacing the single pane window of the old heritage buildings in order to reduce the annual energy consumption is thriving the Energy efficient windows market demand. Two regions which are gaining a heavy profit in Energy efficient windows market from replacement are Europe and North America owing to the increasing number of renovation activities in these belts. Energy efficient windows industry from insulation adoption is also forecast to reach a revenue record of USD 4 billion by 2024. Comparatively low initial investments than replacement will favor the market growth.

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Though the high initial investment issues may hinder Energy efficient windows market growth but the return on investment is huge. Considering the skyrocketing energy consumption of the traditional building products, Energy efficient windows deployment will soon become a necessity as it reduces the annual energy consumption almost to an extent of 25%. Global Energy-efficient windows industry is highly competitive with the market players continuously focusing on efficient and cost-effective products. Prominent industry participants include Marvin Windows & Doors, Soft-Lite, Milgard Manufacturing, Atrium, Pella, Jeld-Wen, and Associated Material.

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