Advanced Glazing Systems Market for the Period 2015–2021, Report Examines by Persistence Market Research (PMR)

New York, NY -- (SBWIRE) -- 02/11/2016 -- The advanced glazing systems market is expected to witness substantial growth in the coming years due to rising energy prices and uncertainties about future energy supply. Advanced glazing systems have recently gained importance owing to their ability to enhance total building energy performance, thus creating good business opportunities for companies. Benefits of these systems include passive solar heat gain, electric lighting power reduction, and view. The restructuring and refocus of the current and future construction market would continue to work in the favor of the advanced glazing systems market. In the past, code mandated building energy requirements were moderate and the majority of insulated glass systems could meet these basic performance demands. However, the demand for green and/or high performance buildings that mandate energy efficiency beyond code minimums is definitively on the rise. In most cases, the total energy consumption in every building has to reduce by 15% to 40% and this can be achieved with the help of advanced glazing systems. The shift from new construction to retrofit construction activity is also fuelling the advanced glazing systems market. 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-saving green buildings hold around 5% to 8% share of the retrofit and renovation market by value in the U.S. By the end of 2014, it is projected to become 20% to 30%. The American Recovery and Reinvestment Act (ARRA) is slated to substantially fund the renovation of federal buildings, which will further boost the market of advanced glazing systems. Several other firms, such as conventional window manufacturers and suppliers, metal companies, manufacturers of solar panels and solid-state lighting, firms would benefit from the growth of the advanced glazing systems market.