According to the research report titled ‘Global Energy-efficient Windows Market by Glazing Type (Double, Double Low-e, Triple, and Triple Low-e and other), Component (Glass, Frame, and Hardware), Application (Replacement & Renovation and New Construction), End-use Sector (Residential and Nonresidential), Regional Forecasts 2021-2027’, available with Market Study Report, global energy-efficient windows market size was worth USD 14.1 billion in 2020 and is expected to multiply with a CAGR of 8.6% over 2021-2027, subsequently reaching USD 25.1 billion by the end of the assessment period.
 

Optimal energy-saving performance and surging demand for green buildings are fueling global energy-efficient windows market growth. Besides, growing infrastructure and rapid urbanization are significantly contributing to the market development.
 

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Statista cites that, in 2018, green building material shares were worth USD 223.1 billion and are expected to reach a valuation of USD 432.5 billion in 2024.
 

Notably, energy-efficient windows help to cut down usage of artificial heating and cooling in a structure. The three main components of these windows are the frame, glass or glazing, and associated hardware, that offer insulation from heat loss and benefit from the outdoors, decreasing the building's energy consumption.
 

Rising popularity of sustainable construction techniques like energy-efficient buildings, zero-energy buildings, and others are propelling the industry expansion.
 

Moreover, major contenders are undertaking technological initiatives which is further adding to global energy-efficient windows industry progression. In fact, in February 2019, Jeld-Wen launched FiniShield exterior finishing technology, which enhances personalization options and vinyl performance. FiniShield is an external finishing technology that improves the durability, uniformity, elegance, and energy efficiency.
 

Speaking of challenges, hefty investment and installation cost are likely to hamper remuneration scope of the industry over the study period.
 

Regionally, North America is projected to hold significant portion of overall market share over the coming years, owing to strict energy conservation norms in the region.
 

Meanwhile, Asia Pacific industry is expected to amass notable profits through 2027, creditable to booming population in China, India, and other economies, and anticipated new building construction and renovation activities.
 

Key players operating in worldwide energy-efficient windows marketplace are Harvey Building Products, VKR Holding A/S, Turkiye Sise ve Cam Fabrikalari AS (Sisecam), Associated Materials LLC, BMC Stock Holdings Inc., YKK AP Inc., Jeld-Wen Holding Inc., Builders FirstSource Inc., Masco Corporation, and Ply Gem Holdings Inc.