Global Energy Efficient Glass Market Size By Coating Type, By Glazing Type, By End-User, By Geography Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Energy Efficient Glass Market Size By Coating Type, By Glazing Type, By End-User, By Geography Scope And Forecast
Energy Efficient Glass Market Size And Forecast
Energy Efficient Glass Market size was valued at 32.62 USD Billion in 2024 and is projected to reach 65.48 USD Billion by 2031, growing at a CAGR of 9.10% during the forecast period 2024-2031.
Global Energy Efficient Glass Market Drivers
The market drivers for the Energy Efficient Glass Market can be influenced by various factors. These may include
Government Initiatives and Regulations Stricter rules and incentives for energy-efficient building materials, such glass, have been put in place by governments as a result of growing public awareness of environmental issues and energy conservation. These laws frequently require energy-efficient glass to be used in building projects, which propels market expansion.
Growing Energy expenses Energy efficiency is now a top concern for both residential and commercial buildings due to rising energy expenses. Energy-efficient glass improves insulation and lessens the need for artificial lighting, which lowers heating, cooling, and lighting expenses.
Green building trends The demand for energy-efficient building materials, such as glass, has increased due to the global shift towards sustainable and eco-friendly construction practices. Glass that uses less energy is essential to green buildings that try to have as little of an impact as possible on the environment.
Technological developments Continuous improvements in glass manufacturing techniques have resulted in the creation of extremely effective glass products with better UV protection, solar control, and thermal insulation capabilities. These technological advancements provide improved performance and durability, which propels market expansion.
Growing Awareness The demand for energy-efficient glass has been fueled by growing company and consumer awareness of the advantages of energy-efficient solutions. The market is growing because of advantages such lower energy costs, cheaper utility bills, increased comfort, and better indoor environmental quality.
Urbanisation and Construction Activities The need for energy-efficient building materials has increased due to the rapid urbanisation and construction activities, especially in emerging nations. Energy efficiency is frequently given top priority during the construction of new residential and commercial buildings, which encourages the use of energy-efficient glass.
Initiatives for Corporate Sustainability As part of their efforts for corporate social responsibility (CSR), several businesses are concentrating on energy efficiency and sustainability. This entails utilising glass and other energy-efficient building materials, which supports market expansion.
Long-Term Cost Savings By consuming less energy and requiring less maintenance, energy-efficient glass provides long-term cost savings. Homeowners, builders, and developers are encouraged to invest in energy-efficient glass solutions by its affordability.
Global Energy Efficient Glass Market Restraints
Several factors can act as restraints or challenges for the Energy Efficient Glass Market. These may include
High beginning Cost Compared to conventional glass goods, energy-efficient glass usually has a higher beginning cost. Some customers and organisations may be discouraged from investing in energy-efficient glass solutions due to this pricing aspect.
Complex Installation When installing energy-efficient glass, particularly when retrofitting existing structures, certain knowledge and tools are frequently needed. This intricacy may be a deterrent for some projects and raise the overall cost of implementation.
Limited Knowledge Despite growing public awareness of energy efficiency, some businesses and customers may still be unaware of the features and varieties of energy-efficient glass on the market. The adoption rate may be slowed by this ignorance.
Regulatory Difficulties Different regions have different building rules and regulations, and some may not have strong laws requiring the use of energy-efficient building components, such glass, or provide incentives to do so. The absence of regulatory action may impede market expansion.
Perception of Performance There may occasionally be misunderstandings or concerns regarding the real capabilities of energy-efficient glass, particularly with regard to how well it can lower energy use and raise interior comfort levels.
Compatibility issues Energy-efficient glass’s application to various project types may be limited if it is incompatible with specific building structures or architectural styles.
Supply Chain Constraints It can occasionally be difficult to meet the demand for energy-efficient glass goods due to issues with raw material availability, manufacturing capacity, and distribution routes. This has an impact on the scalability of the market.
Global Energy Efficient Glass Market Segmentation Analysis
The Global Energy-Efficient Market is Segregated Based on Coating Type, Glazing Type, End-User, and Geography.
Energy Efficient Glass Market, By Coating Type
Soft coat
Hard coat
Based on the Coating Type, The global market is distributed into Soft and Hard Coats. The hard coat category will be leading the market with the highest share. Durability and easy availability are the factors that influence.
Energy Efficient Glass Market, By Glazing Type
Triple Glazing
Double glazing
Single glazing
Based on Glazing Type, The global energy-efficiency glass market is further distributed into Single-Glazing, Double-Glazing, and Triple Glazing. The triple glazing segment will take the largest share of the market due to the various properties, such as low-emission.
Energy Efficient Glass Market, By End-User
Constructions
Automotive
Solar panels
Others
Based on End-User, the global Energy Efficient Glass Market is diverse in Construction, Automotive, Solar Panels, etc. The construction segment will acquire the leading share in the market due to the increasing building and construction activities in various developing nations.
Energy Efficient Glass Market, By Geography
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
Based on Geography, the global Energy Efficient Glass Market is divided into Asia Pacific, Europe, North America, the Middle East, Africa, and Latin America. Asia Pacific to take a substantial share in the market owing to the significant investments done by various global players and the surged demand from end-user industries such as construction.
Key Players
The major players in the Energy Efficient Glass Market are
Saint-Gobain
NSG
AGC Inc.
Corning
DuPont
PPG Industries
Guardian Glass
Pilkington
Abrisa Technologies
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Energy Efficient Glass Market are Saint-Gobain, NSG, AGC Inc., Corning, DuPont, PPG Industries, Guardian Glass, Pilkington, and Abrisa Technologies.
SEGMENTS COVERED
By Coating Type, By Glazing Type, By End-User, and By Geography.
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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