The energy-efficient windows market is expected to grow further and exceed the $15 billion mark by 2024, thanks to the rising awareness of individuals and corporations about the adverse environmental impact of excessive energy consumption.
In this article, your trusted windows installer Renewal by Andersen® of Memphis shares more details about a recent study on the energy-efficient windows market.
A Continuously Growing Industry
Based on the research, double-glazed energy-efficient windows made significant contributions to global revenue in 2015, and they will continue dominating the market through 2024. Meanwhile, triple Low-E glazing is projected to expand at a rate of over 11% CAGR from 2016 to 2024.
Different factors can be attributed to this development. One is the growing awareness and preference of homeowners for materials and products that help reduce their carbon footprints. The pressure from international and government bodies as well as the incentives offered for minimizing carbon emissions also drive this industry growth.
The U.S. energy-efficient windows market specifically shows more than 10% growth, and the government support for promoting energy-efficient products has been significant in this aspect.
No Better Time to Get Energy-Efficient Windows Than Now
If you’re looking for the best replacement windows, you only have to look at energy-efficient windows as these offer the most bang for your buck. Energy-efficient windows are designed to maintain room temperature, and they do this by absorbing or reflecting outside heat or wind.
These qualities enable energy-efficient windows to reduce cooling and heating energy consumption, which is a win for both consumers and the environment. With less power utilized on a day-to-day basis, these windows are definitely worth your investment today.
Renewal by Andersen of Memphis offers top-notch home window replacement services. Made with specially designed Fibrex® frames and superior energy efficiency, our windows perform better and last longer. Call us at (901) 779-1178 or fill out our contact form to request a free estimate.