Europe Warm Edge Spacer Market to witness a high growth by 2024
Date: 2018-09-11   Author: Ronak Bora  Category: #technology

Europe Warm Edge Spacer Market to witness a high growth by 2024

According to a new research report by the market research and strategy consulting firm, Global Market Insights, Inc., Europe Warm Edge Spacer Market is expected to grow at over 12% by 2024. Increasing focus towards lower thermal transmittance will propel the industry growth. European Union has analyzed that 40% of total energy consumption is accounted by buildings. Amendments in Energy Performance of Buildings Directive has been introduced to encourage the deployment of sustainable and smart technologies across buildings. 

High GHG emissions with increase in demand of air-conditioning systems subject to improvement in standards of living will augment the industry growth. In 2016, Europe accounted for over 27% commercial and 5% residential buildings with air conditioning systems. In 2014, France introduced its energy efficiency action plan with Directive 2012/27/EU to reduce fuel consumption to 131.4 Mtep by 2020.

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Rapid urbanization and industrialization coupled with shift towards energy conservation will augment the warm edge spacer market share. Focus towards technologies to reduce green hose gas emissions over 40% by 2030 as governed under Energy and Climate Framework of European Commission will increase the demand for warm edge spacer in Europe. 

Diminishing electricity cost, reduction of heat loss and condensation and noise insulation are the major features that makes it preferable over other products. Limit to thermal transmittance through building glasses is achieved by European standards BS EN 674 and BS 6262 along with the glazing in buildings to provide better insulation practices.

UK warm edge spacer market share is predicted to grow over 12% by 2024. In January 2017, window glazing may outcome with up to 72 GWh of approximate lifetime power saving as reported by UK Department of Business Energy & Industrial Strategy. The UK government also focusses on the conservation of low cost energy efficiency with an aim to insulate large number of homes.

Germany warm edge spacer market is predicted to reach over 100 million meters by 2024. Introduction of zero emission buildings norms and strict energy performance directives will fuel the industry growth.

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Russia accounted for over 15% of Europe warm edge spacer market share in 2016. Introduction of major reforms and policies to improve consumption pattern have witnessed two-fold growth in Russia. Reduction in energy consumption in GDP by 40% from 2007 is the prime motive of regulators.

Italy accounted for over 6% of Europe warm edge spacer market share in 2016. Aim to reduce emissions and initiatives towards energy conservation coupled with introduction of building regulations will foster the industry growth.

Introduction of thermos-modernization plan by Polish government for refabricating the windows and keep check on thermal transmittance of building envelope will complement the business landscape. Poland warm edge spacer market accounted for over 20 million meters in 2016. Subsidy and tax rebates by government on energy efficient products will boost the business growth. Turkey warm edge spacer market will witness a significant growth with growing acceptance of glazing windows with growing measures towards energy conservation.

Major participants in Europe warm edge spacer market are SWISSPACER, Hygrade, Allmetal, Cardinal Glass, Helima, Fenzi, Thermoseal, Ensinger, Trane, Technoform Glass Insulation, Kommerling, DGS, Glasslam, GED Integrated and ALU-PRO.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.


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