Global Vacuum Insulated Glass Market size was valued at USD 5.4 Billion in 2024 and is expected to reach USD 8.8 Billion by 2033, at a CAGR of 3.9% during the forecast period 2024 – 2033.
Vacuum Insulated Glass Market: Overview
VIG uses two or more glass panes, each of which is produced to precise visual and structural specifications. To keep the appropriate distance between the glass panes, a spacer substance is employed to divide them apart. To reduce heat transmission, this spacer is often constructed of a material with poor thermal efficiency.
The building sector is increasingly utilizing vacuum insulated glass (VIG) as a result of its higher thermal conductivity and energy conservation, which is a key global trend in the material. VIG provides an attractive solution by decreasing heat transmission, lowering heating and cooling expenses, and improving interior comfort.
Furthermore, VIG is being widely used in residential as well as commercial buildings due to developments in manufacturing technology that have reduced its cost and increased its accessibility. The need for VIG is also being driven by strict building energy rules and regulations in different countries, as builders strive to meet and surpass energy efficiency standards.
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All things considered, the worldwide trend in VIG highlights a change in the direction of ecologically friendly building methods and an increasing focus on cost-effective construction alternatives.
By product, the dual glaze segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. The trend in dual glazing includes a rise for building purposes owing to its excellent insulation characteristics, improving sustainability while decreasing heating/cooling expenses by offering better insulating material and condensation control.
By application, the windows segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. The recent development in windows insulated glass is towards greater use of vacuum insulated glass owing to its better thermal insulation, energy savings, and rising need for sustainable building materials.
By end user, the commercial segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. To reduce cooling and heating expenses and provide a pleasant and productive interior environment, the commercial sector needs insulated glass for energy savings, greater thermal comfort, less noise, and better building aspects.
CMI has comprehensively analyzed the Global Vacuum Insulated Glass market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict the in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Vacuum Insulated Glass industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Vacuum Insulated Glass Market:
- AGC Inc.
- Nippon Sheet Glass Co. Ltd.
- Guardian Glass
- Pilkington Group Limited
- Saint-Gobain S.A.
- Glaston Corporation
- Viracon
- LandGlass Technology Co. Ltd.
- Sedak GmbH & Co. KG
- IQ Glass Solutions Ltd.
- VIG Technologies
- Thermo Tech Technologies
- Fineo
- TROSIFOL
- Thermoseal Group
- Taiwan Glass Group
- Dukon Industries Ltd.
- Northglass
- Pilkington
- Fraunhofer ISE
- Others
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