According to the MarkNtel Advisors’ research report, “Global Energy Efficient Glass Market Analysis, 2021,” the market is likely to grow at a CAGR of 20% during 2021-26 due to the mounting penetration of energy-efficient & sustainable technologies in most end-user industries. Thus, to follow the regulations laid by the government, the adoption of energy-efficient glass has increased tremendously. Further, with the surging number of residential & commercial buildings, the demand for energy-efficient glasses increased due to their benefits toward energy conservation by reducing the need for external temperature control devices like air conditioners or radiators. Besides, the use of energy-efficient glasses also lowers the energy bills in buildings and cars.
Key questions answered in the study
Transportation Industry Exhibits Fastest Growth
Based on the End-User Industry, the market classifies into Transportation, Building & Construction, Power Generation, and Consumer Electronics Industries. Among these segments, Transportation Industry is likely to grow significantly in the Global Energy Efficient Glass market during the forecast period.
The transportation industry further bifurcates into the Automotive, Marine, and Aerospace sectors. The energy-efficient glass market offers substantial potential to these sectors as it reduces fuel consumption, carbon emissions, and energy bills. Additionally, these glasses are also beneficial for protecting interior parts and enhance passenger comfort & safety. Thus, the demand for energy-efficient glasses is increasing astronomically in the transportation sector and shall continue its pace in the forecast period too.
“Global Energy Efficient Glass Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Energy Efficient Glass providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure competitor's capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Europe Region Grows Significantly in the Market
Globally, Europe is likely to register the fastest growth in the Global Energy Efficient Glass Market during 2021-26 due to the abundant availability of the market leaders and the rapidly expanding construction industry in European countries, including Germany, UK, Italy, France, etc. Therefore, based on these factors, Europe is likely to contribute to the overall market growth in the forecast period, reveals MarkNtel Advisors in their research report, “Global Energy Efficient Glass Market Analysis, 2021.”
According to MarkNtel Advisors, the major leading players in the Global Energy Efficient Glass Market are Asahi Glass Co., Corning Inc., Guardian Glass, Morley glass & glazing, Nippon Glass, Pilkington, Research Frontiers Inc., Saint Gobain S.A., SageGlass, Smartglass International Ltd., and View Inc.