Market Business Insights - 07 November, 2022

As specified in our exclusive report, the global Energy Efficient Glass Market is projected to reach USD 36.5 billion by 2030.

The increasing demand for energy-efficient glass in the construction, automotive and solar panel industries is driving the energy-efficient glass market globally.

Energy-efficient glass helps reduce overall energy costs and increase projected earnings, especially in times of high energy price volatility. Increasing initiatives to reduce carbon emissions have resulted in the introduction of various government regulations and subsidies to increase energy efficiency in new construction sites.

Several voluntary programs initiated by governments such as ENERGY STAR, a voluntary program run by the US Environmental Protection Agency (EPA) in coordination with the US Department of Energy (DOE), emphasize the need for strong and strategic corporate energy management programs. , Rising demand for energy-efficient products in the building and construction industry is expected to drive the revenue growth of the market during the forecast period.

Europe is expected to grow at a CAGR of 6.45% during the forecast period. The increasing energy efficiency of a residential building and its direct positive impact on fuel poverty has changed the European market significantly.

However, difficulty in access to raw materials due to their non-availability in key sectors is likely to hinder the energy-efficient glass market during the forecast period. Nevertheless, the growth in building and construction activities in Asia Pacific is expected to provide lucrative opportunities to the energy-efficient glass market.

Which Region Holds the Largest Share?

Asia Pacific is the leading region in the global energy-efficient glass market. An increase in disposable income and an increase in urbanization are the major factors driving the energy-efficient glass market in the region.

Some of the key players in the energy-efficient glass market are:

Saint-Gobain S.A., AGC Inc., SCHOTT AG, Nippon Sheet Glass Co., Ltd., bGuardian Glass, LLC., Sage Electrochromics, Smartglass, Sisecam Group, Glass Apps, Guardian Glass,  DuPont,  Corning Inc.,  Asahi Glass,  PPG Industries Inc,  Pilkington,  Morley Glass & Glazing, Vitro Architectural Glass,  Zhejiang Zhongli Energy Efficient Glass Manufacturing Co., Ltd, Glaston Corporation, The CSG Holding Co. Ltd., Abrisa Technologies, Fuso Glass India Pvt. Ltd and Others.

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