By Region, the study segments the market into North America, Europe, Asia-Pacific, and Rest of the World. North America Energy-efficient windows market accounted for USD 3.80 billion in 2021 and is expected to exhibit an 2.51% CAGR during the study period. This is attributed to the growing to rapid industrialization, primarily in US, Canada, and Mexico, as well as an ageing population across the region.
Further, the major countries studied are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: ENERGY-EFFICIENT WINDOWS MARKET SHARE BY REGION 2021 (%) Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review
Europe energy-efficient windows market accounts for the second-largest market share due to the rising demand for the energy efficient glass products in the developed countries such as Germany, France, and the U.K. is witnessing high growth rates. Europe is projected to observe significant amount of growth in the energy efficient glass market due to the rise in the energy efficiency of a residential building. Moreover, the strict regulatory compliance regarding energy conservation and the growing disposable income is further anticipated to propel the growth of the energy efficient glass market in the region in the coming years.
Further, the Germany energy-efficient windows market held the largest market share, and the UK energy-efficient windows market was the fastest growing market in the European region.
The Asia-Pacific Energy-efficient windows Market is expected to grow at a CAGR of 3.78% from 2022 to 2030. This is due to increased rates of osteoarthritis and degenerative disc disease, the rapidly growing medical tourism industry, and rising healthcare costs. Moreover, China energy-efficient windows market held the largest market share, and the India energy-efficient windows market was the fastest growing market in the Asia-Pacific region.
For instance, India energy-efficient windows market expected to grow very rapidly. The construction industry's recovery, as well as growing knowledge and concern about carbon emissions and energy conservation, are fueling the rise of the energy-efficient windows industry in India. China is expected to emerge as the region's market leader however, nations such as India, Australia, Indonesia, and Thailand are expected to provide fresh building and refurbishment prospects. China is the world's largest single market for the construction industry. The presence of the region's two most populous countries, India and China, is projected to drive demand for new development projects.
Hence, Asia-Pacific is anticipated to register the highest growth rate over the forecast period from 2022–2030.
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