Press release
Energy Efficient Glass Market: Major Trends Reshaping the Future of the Industry
Energy Efficient Glass
What Will the Energy Efficient Glass Industry Market Size Be by 2025?
The market for energy efficient glass has seen consistent growth in recent years. It's projected to expand from a size of $30.29 billion in 2024 to $30.96 billion in 2025, reflecting a compound annual growth rate (CAGR) of 2.2%. This growth during the historical period is believed to be a result of factors such as heightened awareness about energy conservation, environmental laws, increasing energy prices, government supports and policies, and the consumer's desire for comfort.
What's the Long-Term Growth Forecast for the Energy Efficient Glass Market Size Through 2029?
The market for energy-efficient glass is set for consistent expansion in the coming years, with expected growth to $36.25 billion in 2029 at a compound annual growth rate (CAGR) of 4.0%. Factors driving growth during this forecast period include an increase in the construction of eco-friendly buildings, demand for buildings with zero-energy utilization, rigorous regulations for energy efficiency, urban development and construction surge, and innovative developments in smart glass. Anticipated trends for the forecast period encompass progress in glass coating technology, dynamic glazing solutions, vacuum insulated glass, and the use of sustainable and recycled glass, along with advancements in nanotechnology for glass coatings.
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What Are the Key Growth Drivers Fueling the Energy Efficient Glass Market Expansion?
The anticipated surge in building and construction-related tasks are predicted to fuel the progress of the energy-efficient glass market. These tasks encompass projected or current installations, repairs, maintenance, or analogous activities on properties, which involve the movement of cranes and vehicles, the transportation of construction materials, and the stabilizing or supporting of rocks. Energy-efficient glass serves to shield the interiors of structures from damaging ultraviolet (UV) and infrared (IR) rays, offering superior thermal comfort under any climate conditions. For illustration, the United States Census Bureau, a key agency of the Federal Statistics System based in the US, reported in June 2023 that construction expenditure hit $566.7 billion in the initial four months of 2023, a rise of 6.1 % compared to $533.9 billion during the equivalent time frame in 2022. Thus, the expected surge in building and construction-related tasks is stimulating the development of the energy-efficient glass market.
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Which Emerging Trends Are Transforming the Energy Efficient Glass Market in 2025?
The trend of product innovations is increasingly being noticed in the energy-efficient glass market. The primary market players are focusing on developing new technologies to enhance their market share. For example, in June 2023, a blockchain-based climate tech company based in Singapore, YES WORLD Climate Tech Pte Ltd., introduced a highly energy-efficient glass solution for houses and commercial buildings. This technology involves specialty glass made up of sandwich glass and double pane glass, with a layer of exclusive material that reflects all solar heat radiation. Serving as a transparent window option, this energy-efficient glass avoids about 85% of the sun's heat from entering the building, thus reducing HVAC load. Aside from providing thermal energy to the building by collecting sunlight, the glass proficiently regulates reflection, emission, absorption, radiant heat gain, solar heat gain, and privacy.
How Is the Energy Efficient Glass Market Segmented?
The energy efficient glass market covered in this report is segmented -
1) By Type: Annealed Glass, Toughened Glass, Other Types
2) By Coating: Soft Coat, Hard Coat
3) By Glazing: Triple Glazing, Double Glazing, Single Glazing
4) By End-User Industry: Construction, Automotive, Solar Panels, Other End-Users
Subsegments:
1) By Annealed Glass: Low-E (Low Emissivity) Glass, Laminated Glass
2) By Toughened Glass: Heat-Strengthened Glass, Tempered Glass
3) By Other Types: Insulated Glass Units, Smart Glass, Coated Glass
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Which Companies Are Leading the Charge in Energy Efficient Glass Market Innovation?
Major companies operating in the energy efficient glass market include Saint-Gobain SA, PPG Industries Inc., AGC Inc., Corning Incorporated, DuPont de Nemours Inc, Nippon Sheet Glass Co. Ltd, Sisecam, Guardian Industries Holdings, Cardinal Glass Industries Inc., Andersen Corporation, Schott AG, CSG Holding Co. Ltd., Atrium Windows and Doors Inc., Associated Materials Inc., Asahi India Glass Ltd (AIS), Metro Performance Glass, Champion Window Mfg. & Supply Co. LLC, International Window Corporation, YKK AP America Inc., ViWinTech Windows & Doors Inc., Okna Windows, Vitro Architectural Glass, Croft LLC, Abrisa Technologies., NT Window Inc, Inline Fiberglass Ltd, Morley Glass & Glazing Ltd., Smartglass International Ltd., RavenWindow, Capitol Glass Company Inc.
Which Regions Are Leading the Global Energy Efficient Glass Market in Revenue?
North America was the largest region in the energy-efficient glass market in 2024. The regions covered in the energy efficient glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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