Strong Growth Forecast For Energy-efficient Windows

The global energy-efficient windows market size is expected to grow from US$13.1 billion in 2021 to $18.3 billion by 2026, at a compound annual growth rate (CAGR) of seven per cent during the forecast period, says a report from MarketsandMarkets. Double glazed energy efficient windows are extensively being used in renovation and reconstruction applications. They also hold a majority of market share in non-residential sector of construction industry. The increasing global efforts in reducing carbon footprint is driving this demand. COVID-19 had a major impact on the energy-efficient windows market in the non-residential sector. During lockdowns, companies have cut short on their expenses. This caused them to hold back on renovation and reconstruction expenses. This market is expected to increase as the pandemic and resulting lockdowns subside.