Kolbe & Kolbe Millwork Co., Inc., Marvin Windows and Doors, Inc., Milguard Manufacturing, Inc., and Pella Corporation are some of the key producers of energy efficient windows from a global perspective, reports Transparency Market Research in a new study. These players held large shares in the global energy efficient windows revenue in 2015 and are expected to dominate the market for the coming years as well.
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The competitive scenario in the energy efficient windows market is teeming with strategic initiatives high due to the presence of a large number of players. Most key players are consolidating their position by forming long-term strategic partnerships.
The threat of new entrants to energy efficient windows production is expected to be high over the next few years, due to the increased government support given to the players in many countries. Additionally, there already exists a large base of investors ready to provide capital to promising players in energy efficient windows.
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Emerging Economies Push for Double Glazing Windows, Attract Energy Efficient Windows Player Focus
The global revenue from energy efficient windows is expected to progress at a CAGR of 9.71% within a forecast period from 2015 to 2023. This market is expected to reach US$286.5 bn by the end of 2016 and US$479.9 bn by 2023.
By volume, 3.12 bn square meters of energy efficient windows are expected to be consumed by 2023. Emerging economies are creating a high demand for double glazing windows, a segment which is expected to generate close to US$345 bn by the end of 2023.
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Key Segments of the Global Energy Efficient Windows Market
Global Energy Efficient Windows Market, by Glazing
- Double glazing windows
- Triple low-E glazing windows
Global Energy Efficient Windows Market, by Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
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