Energy-efficient glasses are coated with metal oxides and are beneficial for reducing excessive absorption of solar heat. This type of glass also reduces a structure’s carbon footprint & energy costs and enhances thermal comfort.
According to the MarkNtel Advisors’ research report, “Global Energy Efficient Glass Market Analysis, 2021,” the market is likely to grow at a CAGR of around 20% during 2021-26 due to the surging adoption of energy-efficient and Smart glass technologies by various end-user industries, including transportation and building & construction.
Besides, the rapidly growing green building sector, rising concerns toward increasing carbon emissions, and mounting disposable incomes & higher living standards are critical factors driving the Global Energy Efficient Glass Market. However, on the other front, the lack of access to raw materials and a high price bar for energy-efficient glass are the biggest challenges restraining the market growth globally.
|Study Period||Historical Data: 2016-19|
|Base Year: 2020|
|Forecast Period: 2021-26|
|Regions Covered||North America: USA, Canada, Mexico|
|Europe: Germany, The UK, France Italy|
|Asia-Pacific: China, India, Japan, South Korea|
|South America: Brazil, and Argentina|
|Middle East & Africa: Saudi Arabia, South Africa|
|Key Companies Profiled||Asahi Glass Co., Corning Inc., Guardian Glass, Morley glass & glazing, Nippon Glass, Pilkington, Research Frontiers Inc., Saint Gobain S.A., SageGlass, Smartglass International Ltd., View Inc.|
|Unit Denominations||USD Million/Billion|
Impact of COVID-19
The lockdown imposed by the government in the wake of the COVID-19 resulted in bringing the overall construction industry to a standstill position, thereby adversely affecting the energy-efficient glass market across the globe. Due to this, the market suffered losses in terms of projects as well as revenue. Further, the nationwide lockdown also halted various ongoing construction projects, creating financial pressure in the industry. This financial stress in the construction industry is the primary factor that negatively influenced the growth of the Global Energy Efficient Glass Market.
Building & Construction Industry Accounted for the Largest Market Share
Based on the End-User Industry, the market bifurcates into Transportation Industry, Building & Construction Industry, Power Generation Industry, and Consumer Electronics Industry. Of these segments, Building & Construction Industry acquired the largest share in the Global Energy Efficient Glass Market in the previous few years. In the Building and Construction Industry, energy-efficient glasses are beneficial for enhancing energy efficiency.
Further, these glasses prevent heat exchange through windows by making them insulated (thermally), thereby improving the energy efficiency of the home and help saving money on energy bills. Therefore, based on these factors, the segment is likely to witness significant growth and contribute to the overall market growth across the world, cites MarkNtel Advisors in their research report, “Global Energy Efficient Glass Market Analysis, 2021.”
Triple Glazing Segment Dominated the Market
Based on the Glazing Type segment, the market classifies into Single Glazing, Double Glazing, and Triple Glazing segments. Among these, the Triple Glazing Type segment held the largest share in the Global Energy Efficient Glass Market in the past few years due to the excellent low-emission property of the triple glazing energy efficient glass. This property further results in a gradual shift in the preference of building contractors from double glazing to triple glazing energy-efficient glasses, thereby augmenting the segment growth.
Asia Pacific Region Captured the Highest Market Share
Geographically, the Asia-Pacific region attained the highest share in the Global Energy Efficient Glass Market in the previous few years. Rapid urbanization, rising disposable income, increasing wealth, and mounting population growth are primary factors fueling the market growth in the region. Moreover, surging government initiatives and FDIs have also encouraged international market players to establish their production units in Asia-Pacific, making it a manufacturing hub for automotive, building, and construction products, thereby augmenting the overall market growth.
Rapid Expanding Construction Industry in Emerging Countries
Substantial growth in the construction & transportation industry and the rising per capita income of people of emerging countries, including China, India, Brazil, and Singapore, are prominent aspects propelling the demand for energy-efficient glasses. Additionally, the surging urban population and rising disposable incomes of people also contribute to the sales of these glasses, thereby accelerating the overall market growth.
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.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
A. The Global Energy Efficient Glass Market is forecast to grow at a CAGR of 20% during 2021-26.
A. Asahi Glass Co., Corning Inc., Guardian Glass, Morley glass & glazing, Nippon Glass, Pilkington, Research Frontiers Inc., Saint Gobain S.A., SageGlass, Smartglass International Ltd., View Inc. are few of the leading players in the Global Energy Efficient Glass Market.
A. Triple Glazing Energy Efficient Glass Segment is likely to attain the highest CAGR during the forecast period and maintain its significant market share
A. Asia Pacific continues to grow at the highest CAGR during 2021-26, thereby presenting immense opportunities to market players of the Global Energy Efficient Glass Market.
A. The rapidly growing construction industry, mounting market penetration of Smart & energy efficient glass in the construction sector, and flourishing green building sector are primary factors driving the growth of the Global Energy Efficient Glass Market.
A. The lockdown imposed by the government in the wake of the COVID-19 outbreak resulted in bringing the overall construction industry to a standstill position, thereby adversely affecting the energy-efficient glass market across the globe.