Indonesia Energy-Efficient Glass Market
Indonesia Energy-Efficient Glass Market Size More Than Double at Robust CAGR of 13.3% During the Forecast Period
Published | 02 March 2023
Indonesia energy-efficient glass market is flourishing due to rising building and construction activities, increasing demand for glass and hard coats as a solution, and rising awareness of the concept of green buildings.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Indonesia energy-efficient glass market size at USD 63.24 million in 2022. During the forecast period between 2023 and 2029, Indonesia energy-efficient glass market size is projected to grow at an impressive CAGR of 13.26% reaching a value of USD 150.34 million by 2029. Global carbon emissions are one of the main reasons propelling the market's expansion. The market for energy-efficient glass is expected to rise as a result of rising demand for glass and an increase in the usage of hard coatings as a remedy. Also, there will likely be a greater need for energy-efficient equipment as a result of population expansion, and growing reliance on electrical appliances, artificial air conditioning, and other energy-intensive technologies.
Indonesia Energy-Efficient Glass Market - Overview
Low-emissivity coatings are frequently used in conjunction with energy-efficient glasses to block heat transfer through the windows. It helps in insulating windows, which boosts a home's energy efficiency and lowers heating costs. To lessen the quantity of UV and infrared light that penetrates buildings, energy-efficient glass is employed. The amount of light that enters the structure is unaffected by the glass. To make energy-efficient glass, light-reflecting nanocoating is used. By preventing outside temperatures from entering, these coatings maintain the interior temperature of the building or space.
Indonesia Energy-Efficient Glass Market – By End Use
Building & Construction, Automobile, Solar Panels, and other segments are part of the Indonesia energy-efficient glass market by end use. The building and construction industry dominates the market. These glasses are used in the architectural and building sectors to increase energy efficiency. Also, rising construction activity and awareness of energy conservation will fuel the market for energy-efficient glasses.
Impact of COVID-19 on Indonesia Energy-Efficient Glass Market
The unprecedented global public health emergency known as COVID-19 influenced almost every industry, and the long-term ramifications are expected to have an impact on the growth of various end-use industries during the projected period. This ongoing research widens the research framework to ensure the incorporation of underlying COVID-19 problems and potential future directions. Taking into account shifts in consumer demand and behavior, purchasing patterns, supply chain rerouting, dynamics of current market forces, and significant government efforts, the report provides insights on COVID-19.
Indonesia Energy-Efficient Glass Market is fiercely competitive. Prominent players in the market include Abrisa Technologies, AGC Glass Europe, Cardinal Glass Industries Inc., Central Glass Co. Ltd, GUARDIAN GLASS LLC, Morley Glass & Glazing Ltd, Nippon Sheet Glass Co. Ltd, and Saint-Gobain. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Indonesia Energy-Efficient Glass Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Indonesia Energy-Efficient Glass Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Indonesia Energy-Efficient Glass Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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- Indonesia Energy-Efficient Glass Market - By Coating (Hard Coat, Soft Coat); By Glazing (Single Glazing, Double Glazing, Triple Glazing); By End Use (Building & Construction, Automotive, Solar Panel, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Publish Date: March 2023
Growing use in the building and construction industry, increasing concerns about high carbon emissions, and technology advancement are driving Indonesia Energy-Efficient Glass Market during the forecast period between 2023 and 2029.
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