Due to the rising cost of energy and the uncertainty surrounding the future of the energy supply, Advanced Glazing System Market is anticipated to rise rapidly in the upcoming years. Due to its significant impact on the overall energy efficiency of the structure, advanced glazing systems are very important. As a result, it will generate profitable business prospects for a wide range of businesses.
Advanced glass systems offer a number of advantages, including views, electricity savings from electric lighting, and passive solar heat gain. The reorganisation and refocusing of the current and future construction market is one of the key influencing factors for the market for advanced glazing systems.
In the past, the majority of insulated glass systems could satisfy these fundamental performance requirements since building energy requirements were mild and required by codes. However, as demand has increased.
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In majority of cases, the total building consumption must be reduced by 15 to 40 percent. With the help of advanced glazing system it can be achieved. The other major influencing factors for advanced glazing system market are the shift from new construction to retrofit construction activity.
New buildings represent only a small share of the U.S. building market, while retrofitting provides a huge market opportunity for owners, green builders and energy service provider companies. In the current scenario, energy focused and green building holds around 5% to 8% of the retrofit and renovation market activity by value in the U.S. By the end of 2014, it is projected to increase by 20% to 30%.
The American Recovery and Reinvestment Act (ARRA), which will provide significant funding for renovations to federal buildings which will further, boost the market for advanced glazing system. Many other firms such as conventional window manufacturer and suppliers, metal companies, solar panel and solid-state lighting firms can be benefited from advanced glazing system market.
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In terms of geographic, North America and Europe dominates the global advanced glazing system market due to increase demand for green and zero-energy buildings. The U.S. represents the largest market for advanced glazing system followed by Canada in North America. In Europe, France, Germany, Italy, Spain and the U.K. holds major share of advanced glazing system market.
However, Asia-Pacific is expected to show high growth rates in the next five years in global advanced glazing system market. Lowering construction cost, noise reduction, increased comfort and human productivity, day lighting and HVAC energy savings are some of the major driving force for advanced glazing system market. Some of the major companies operating in the global advanced glazing system market are Saint-Gobain, Alcoa, Bayer, Solar Innovations, Inc. and DuPont
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Key features of this report
- Drivers, restraints, and challenges shaping the Advanced Glazing System market dynamics
- Latest innovations and key events in the industry
- Analysis of business strategies of the top players
- Advanced Glazing System market estimates and forecasts(2015 -2021)
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