Energy-efficient Glass Market Size
| Study Period | 2019-2029 |
| Market Size (2024) | USD 31.79 Billion |
| Market Size (2029) | USD 41.32 Billion |
| CAGR (2024 - 2029) | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Energy-efficient Glass Market Analysis
The Energy-efficient Glass Market size is estimated at USD 31.79 billion in 2024, and is expected to reach USD 41.32 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
- The market was affected negatively by the COVID-19 outbreak in 2020. However, with the resumption of operations in major end-user industries, it recovered significantly in 2021 and 2022. Furthermore, the market is projected to grow steadily in the forecast period owing to global growth in the construction sector.
- Increasing applications in the building and construction sector and a growing concern about high carbon emissions are driving the market growth. A high price bar of energy-efficient glass is expected to hinder the growth of the market.
- Development of highly energy-efficient glasses to open new opportunities for the market over the forecast period. The European region dominates the global market, with the largest consumption being registered in the United Kingdom, Germany, France, and other countries.
Energy-efficient Glass Market Trends
Growing Demand from the Building and Construction Sector
- Energy-efficient glasses are incorporated with coatings (low-emissivity) to prevent the passing of heat through the windows. This makes the windows thermally insulated and hence improves the energy efficiency of a home, thereby helping save money on heating bills.
- In the building and construction sector, these glasses are used to improve energy efficiency. Windows, doors, conservatories, and roof lights can all benefit from the use of energy-efficient glasses by retaining the heat and thereby conserving energy.
- Asia-Pacific and North America are the largest construction markets in the world. Furthermore, according to Oxford Economics, the global construction output is expected to grow by more than USD 4.2 trillion over the next 15 years, from USD 9.7 trillion in 2022 to USD 13.9 trillion in 2037, with China, the United States, and India accounting for 51% of all the construction work.
- According to the National Bureau of Statistics of China, the value of construction output accounted for CNY 31.2 trillion (USD 4.5 trillion) in 2022, up from CNY 29.3 trillion (USD 4.2 trillion) in 2021. China is expected to spend nearly USD 13 trillion on buildings by 2030, thereby providing demand for energy-efficient glass over the period.
- In North America, the United States has a major share in the construction industry. Besides the United States, Canada and Mexico contribute significantly to the construction sector investments. The annual value of residential construction in the United States was valued at USD 908 billion in 2022, an increase of 13% compared to USD 803 billion in 2021.
- The French government's initiatives to develop the city for hosting the 2024 Olympics are likely to drive the market. For instance, the French government sanctioned approximately USD 3.3 billion for the construction of the Hermitage towers (two 320-meter-1050-foot towers), which are due to be completed by 2024. The essential infrastructure for the Olympic event requires building 4,500 new dwellings for local people, 100,000 square meters for business activities, and 20,000 new hotel rooms for tourists.
- Growing construction activity coupled with increasing concern toward energy conservation is driving the market for energy-efficient glasses during the forecast period.
Europe Region to Dominate the Market
- Europe is expected to dominate the global market for energy-efficient glass, owing to the growing construction industry in countries such as the United Kingdom, Germany, Italy, and France.
- The largest producers of energy-efficient glasses are located in Europe. Some of the leading companies in the manufacture of energy-efficient glasses are Saint-Gobain, Nippon Sheet Glass Co., Ltd, AGC Glass Europe, and Morley Glass & Glazing Ltd, among others.
- Low-emissivity glass is a type of energy-efficient glass designed to prevent heat from escaping through the windows. Low-E glass has an invisible coating, which dramatically reduces heat transfer and reflects interior heat into the room.
- According to Eurostat, the European construction sector grew by 2.5% in 2022 due to new investments from the EU Recovery Fund. The major construction projects in 2022 accounted for non-residential construction (offices, hospitals, hotels, schools, and industrial buildings), accounting for 31.3% of total activity.
- Germany has the largest construction industry in Europe. The German government has allocated around EUR 375 billion (~USD 409.17 billion) in construction activities in the coming years. In addition, it also revealed plans to build 250,000 to 400,000 housing units, making this project a great investment opportunity for the city, private developers, and public housing authorities, hence increasing the scope of the energy-efficient glass market.
- Using energy-efficient glasses in windows or doors reduces the home鈥檚 CO2 output, making the carbon footprint smaller and more environmentally friendly.
- Furthermore, the high-efficiency transparent glass used in solar panels helps in the generation of power from various new applications, such as solar windows, building glasses, cars sunroof, and other such structures. When a solar glass is transparent, the sunlight may pass through the medium and defeat the purpose of utilizing sunlight. However, this new solar panel technology is changing the way solar cells absorb light.
- Building Integrated Photovoltaics (BIPV) systems, which are used in windows, are integrated within a building鈥檚 envelope. This provides dual benefits: the clear solar glass serves as an energy-efficient window product for any building and also generates electricity for on-site use or export to the grid.
- According to the Statistical Review of World Energy report, Europe accounts for 22.5% of the world's installed solar power capacity in 2022, which accounted for 236.96 gigawatts, an increase of 19.8% compared to last year, with Germany, Itlay, and Spain being the leading producers.
- Thus, these factors above, coupled with government support, are contributing to the increasing demand for energy-efficient glasses and are expected to increase during the forecast period.
Energy-efficient Glass Industry Overview
The global energy-efficient glass market is partially fragmented, with the major players holding a marginal portion. Some of the major companies (not in any particular order) in the market are Saint-Gobain, Nippon Sheet Glass Co. Ltd, AGC Glass Europe, Morley Glass & Glazing Ltd, and Cardinal Glass Industries Inc.
Energy-efficient Glass Market Leaders
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Saint-Gobain
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Nippon Sheet Glass Co., Ltd
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AGC Glass Europe
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Morley Glass & Glazing Ltd
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Cardinal Glass Industries,Inc
*Disclaimer: Major Players sorted in no particular order
Energy-efficient Glass Market News
- August 2022: NSG Group unveiled its expansion plan for TCO (transparent conductive oxide) coated glass production in Malaysia. The initiative involves the installation of a new float line at the Johor Bahru facility of Malaysian Sheet Glass SDN BHD, a member of the NSG Group. This expansion will incorporate online coating capacity and is set to commence TCO glass production for solar panel manufacturers by the close of 2024.
- May 2022: AGC Inc. successfully developed a light-control panoramic roof glass featuring Low-E coating. This innovative glass technology has been incorporated into the LEXUS RZ, a dedicated Battery Electric Vehicle (BEV) model set to be launched by Toyota at the end of 2022. The glass, known for its high solar control and heat-insulating capabilities, allows the panoramic roof to create an open cabin environment while maintaining a comfortable interior temperature. Notably, the absence of a sunshade contributes to a lighter overall vehicle body.
Energy-efficient Glass Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Application in the Building and Construction Sector
4.1.2 Growing Concern about High Carbon Emissions
4.1.3 Other Drivers
4.2 Restraints
4.2.1 High Price Bar of Energy-efficient Glass
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
5.1 Coating Type
5.1.1 Hard
5.1.2 Soft
5.2 Glazing Type
5.2.1 Single
5.2.2 Double
5.2.3 Triple
5.3 End-user Industry
5.3.1 Building and Construction
5.3.2 Automotive
5.3.3 Solar Panel
5.3.4 Other End-user Industries (Industrial, etc.)
5.4 Geography
5.4.1 Asia-Pacific
5.4.1.1 China
5.4.1.2 India
5.4.1.3 Japan
5.4.1.4 South Korea
5.4.1.5 Rest of Asia-Pacific
5.4.2 North America
5.4.2.1 United States
5.4.2.2 Canada
5.4.2.3 Mexico
5.4.3 Europe
5.4.3.1 Germany
5.4.3.2 United Kingdom
5.4.3.3 France
5.4.3.4 Italy
5.4.3.5 Rest of Europe
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East and Africa
5.4.5.1 Saudi Arabia
5.4.5.2 South Africa
5.4.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Abrisa Technologies
6.4.2 AGC Glass Europe
6.4.3 Cardinal Glass Industries Inc.
6.4.4 Central Glass Co. Ltd
6.4.5 Guardian Industries Holdings
6.4.6 Morley Glass & Glazing Ltd
6.4.7 Nippon Sheet Glass Co. Ltd
6.4.8 Saint-Gobain
6.4.9 SCHOTT AG
6.4.10 艦i艧ecam
6.4.11 Tuffx Glass
6.4.12 Vitro
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Development of Highly Energy-efficient Glasses
7.2 Other Opportunities
Energy-efficient Glass Industry Segmentation
The energy-efficient glass is the term used to describe energy-efficient glazing that incorporates low-emissivity coated glass in order to prevent heat from escaping through the windows.
The energy-efficient glass market is segmented by coating type, glazing type, end-user industry, and geography. By coating type, the market is segmented into hard and soft. By glazing type, the market is segmented into single, double, and triple. By end-user industry, the market is segmented into building and construction, automotive, solar panels, and other end-user industries (industrial, etc.). The report also covers the market size and forecasts for the energy-efficient glass market in 15 countries across major regions.
For each segment, market sizing and forecasts are done in revenue (USD).
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Energy-efficient Glass Market Research FAQs
How big is the Energy-efficient Glass Market?
The Energy-efficient Glass Market size is expected to reach USD 31.79 billion in 2024 and grow at a CAGR of greater than 5% to reach USD 41.32 billion by 2029.
What is the current Energy-efficient Glass Market size?
In 2024, the Energy-efficient Glass Market size is expected to reach USD 31.79 billion.
Who are the key players in Energy-efficient Glass Market?
Saint-Gobain, Nippon Sheet Glass Co., Ltd, AGC Glass Europe, Morley Glass & Glazing Ltd and Cardinal Glass Industries,Inc are the major companies operating in the Energy-efficient Glass Market.
Which is the fastest growing region in Energy-efficient Glass Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Energy-efficient Glass Market?
In 2024, the Europe accounts for the largest market share in Energy-efficient Glass Market.
What years does this Energy-efficient Glass Market cover, and what was the market size in 2023?
In 2023, the Energy-efficient Glass Market size was estimated at USD 30.20 billion. The report covers the Energy-efficient Glass Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Energy-efficient Glass Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Energy-efficient Glass Industry Report
Statistics for the 2024 Energy-efficient Glass market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Energy-efficient Glass analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
