Energy Efficient Glass Market Size to Reach USD 36.91 Billion in 2027, Technological Advancements in Green Building Deployment and Steady Shift Towards Solar Energy are Driving Industry Growth, says E

Vancouver, British Columbia--(Newsfile Corp. - April 20, 2021) - The global energy efficient glass market size was USD 26.25 Billion in 2019 and is expected to reach USD 36.91 Billion in 2027 and register a CAGR of 4.3% over the forecast period. Key factors driving market revenue growth include rising focus on more energy efficient solutions in building materials and increasing green building projects, and steady shift towards solar power harnessing and expanding solar farms globally. Demand for energy efficient glass continues to remain high, which can be attributed to factors such as increasing demand from building and construction, automotive, and solar panel manufacturing industries globally.

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Energy efficient glasses are ideal for thermal and solar insulation and provide improved aesthetics. These glasses comply with all International and National Green Standards and hence are a preferred choice for green construction. Characteristics such as visual light transmission, U-value, solar factor, and internal reflection allow for ecologically viable buildings. Low-emissivity glass - also known as Low-E glass - is ideal to block out sun rays in energy-efficient window applications. This glass retains the heat/temperature inside the building when it is cold outside, and works vice-versa during summers.

Stringent legislative policies for energy-efficiency in buildings is a significant factor driving growth of the market. For instance, SEDEMA, Environmental Ministry of Mexico City, introduced regulations that comprise new and retrofitted construction energy-efficiency measures intended to develop a sustainable city by constructing improved buildings and decreasing greenhouse gas emissions.

However, a high cost associated with the production of energy efficient glasses may hamper growth of the energy efficient glass market to some extent during the forecast period.

Some Key Highlights From The Report

• In May 2019, Nippon Sheet Glass announced signing of an agreement by its subsidiary with Ubiquitous Energy, which is a firm engaged in transparent solar technology. The partnership is expected to result in development, production, and integration of ClearView Power technology of Ubiquitous Energy into architectural window glass to generate solar power for buildings.
• Incorporation of low-emissivity coatings with energy-efficient glasses prevent heat from passing through the windows, thereby offering thermally insulation and improved energy-efficiency of homes, and this aids in saving on heating bills.
• Energy efficient glasses used in windows, doors, conservatories, and roof or skylights also aid in retaining the heat within are can drastically improve energy efficiency in homes.
• The government of China has begun major construction projects and new megacities, which are intended to continue over the next 10 years and ultimate accommodate over 200 million individuals, and efficient glasses are to be deployed in these projects.
• Rapidly increasing construction projects and activities in various countries across the globe and rising concerns regarding energy conservation are other key factors driving market growth currently, and the trend is expected to continue over the forecast period.

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Emergen Research has segmented the global energy efficient glass market on the basis of coating type, glazing type, application, and region:

Coating Type Outlook (Revenue, USD Billion; 2017-2027)

• Soft Coat
• Hard Coat

Glazing Type Outlook (Revenue, USD Billion; 2017-2027)

• Single Glazing
• Double Glazing
• Triple Glazing

Application Outlook (Revenue, USD Billion; 2017-2027)

• Building & Construction
• Automotive
• Solar Panels
• Others

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• Regional Outlook (Revenue, USD Billion; 2017-2027)
  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. UK
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • MEA
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

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