The Europe Energy-Efficient Window Market would witness market growth of 5.8% CAGR during the forecast period (2021-2027).
Selecting windows for a new place or renovation project normally emphasizes looks. Most of the time, choose casement, awning, double-hung, or fixed glass for aesthetic reasons or because it provides a better seal or natural ventilation. The tilt-out window has spawned an entire business. Yet, performance and pricing are essential.
Consumers are captivated by the price of gasoline, the cost of off-the-shelf windows. However, the cost is decided by the durability of the windows and the quantity of electricity that is pumped through them each year. Every month, energy-efficient windows conserve money. Windows can help save money on mortgage by allowing to install a less expensive and smaller heating and cooling system. Windows that are energy efficient make feel more at ease and endure longer. In terms of life-cycle cost, energy conservation & durability are significant factors.
Europe is witnessing an expansion in the tourism sector, which would create demand for different properties like restaurants and hotels and hence, propelling the demand for energy-efficient windows across the region. The European Union has pledged to reduce CO2 emissions by far more than 300 million tons per year. According to government statistics, residential and commercial structures comprise the majority of emissions. As per result, over the predicted period, Energy-efficient window installation might have a beneficial impact on global market growth. Additionally, Soon, the EU intends to save roughly 20% of its total energy use. EU Member States are required to establish minimum energy performance requirements for building envelope elements when it is renovated or replaced under the Energy Performance of Buildings Directive (EPBD).
The Germany market dominated the Europe Energy-Efficient Window Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,228.9 Million by 2027. The UK market is poised to grow at a CAGR of 4.9% during (2021 - 2027). Additionally, The France market would showcase a CAGR of 6.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Energy-Efficient Window Market Size will Hit $18.7 Billion by 2027, at a CAGR of 6.2%
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.
By Application
By Component
By End-use
By Glazing Type
By Country
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