According to the latest report from Reports&Data, the global Low-E glass market size is expected to reach USD 21.31 billion in 2030, with a CAGR of 6.1% during the forecast period. A major factor driving the market growth is the increasing awareness of the benefits of Low-E glass, and government investment in energy-efficient technologies.
Low-E glass has excellent thermal insulation properties and is widely used in skyscrapers, commercial buildings, and glass facades. This type of glass prevents water droplets from sticking to the window glass during the rainy season, increases the durability of the glass, and helps in energy saving, it allows light to pass through and keeps the temperature within the desired level.
According to the type, it is divided into single-layer Low-E glass, double-layer Low-E glass, and triple-layer Low-E glass. Among them, the double-layer Low-E glass market accounted for the largest revenue share in 2020, as it prevents ultraviolet rays from entering the room without reducing the amount of natural light, reduces energy costs, and reduces external noise.
According to the application field, the market is divided into two types: commercial and residential. Of these, the commercial segment is expected to witness a notably rapid revenue CAGR during the forecast period owing to rapid industrialization and a growing entrepreneurial culture.
The Low-E glass market in Asia Pacific is expected to experience the fastest growth in revenue and dominate other regional markets during the forecast period, which can be attributed to the rapid urbanization and industrialization of countries in the region. Furthermore, increasing smart city construction activities are expected to drive market growth in this region.
The North American Low-E glass market revenue will increase significantly during the forecast period, which can be attributed to the rapid technological advancement of the automotive industry and the development of electric vehicles in countries in the region.
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