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

New York, NY -- (SBWIRE) -- 02/11/2016 -- Advanced glazing system market is expected to see a strong growth in the coming years due to the rising energy prices and uncertainties about future energy supply. Advanced glazing system has great importance due to its deep impact on total building energy performance. Thus, it will create good business opportunities for a wide variety of companies. Advanced glazing system provides several benefits such as passive solar heat gain, electric lighting power reduction and view. One of the major influencing factors for advanced glazing system market is the restructuring and refocus of the current and future construction market. In the past, code mandated building energy requirements was moderate and majority of insulated glass systems could meet these basic performance demands. However, with increase in the demand for green or high performance buildings that mandates energy efficiency beyond code minimums. 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.