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Published on : Feb 23, 2016

The global energy efficient windows market is projected to expand substantially till 2023. The market is worth billions of dollars and will be driven by several factors. By glazing type, the global energy efficient windows market is bifurcated into triple low-e glazing windows and double glazing windows. Let us look at the key drivers and restraints shaping the global energy efficient windows market.

Key Drivers of Global Energy Efficient Windows Market
The global energy efficient windows market is driven majorly due to the rising demand for energy efficient solutions. This demand is high in both developed and developing nations. Consumers want solutions that use electricity efficiently and in an optimized manner. This helps consumer to reduce their electricity bill and also reduce their carbon footprint.

Another key trend driving the global energy efficient windows market is the growing number of energy conservation policies and norms across the globe. The rapid industrialization in the emerging economies of the world will also fuel the global energy efficient windows market. Moreover, the increasing commercialization will also support the global energy efficient windows market.

Key Restraints of Global Energy Efficient Windows Market
Although the aforesaid factors will drive the global energy efficient windows market, it will be challenged significantly by the high initial investments in energy efficient windows. Energy efficient windows are more costly as compared to regular windows, and their initial installation cost further increases the cost of these windows. Cost will continue to be a major restraint for the global energy efficient windows market in the coming few years. Moreover, the fluctuating prices of raw materials will also hamper the global energy efficient windows market. The global energy efficient windows market will also be challenged by the threat from new entrants.

Nevertheless, the global energy efficient windows market will benefit from innovation in technology. The introduction of smart window technology in the market is expected to offer significant growth opportunities to players operating in the global energy efficient windows market. The key players operating in the global energy efficient windows market are Pella Corporation, Marvin Windows and Doors, Atrium Corporation, and Milgard Manufacturing.