Smart Windows

Smart Windows

Global Smart Windows Market to Reach US$12.0 Billion by 2030

The global market for Smart Windows estimated at US$5.4 Billion in the year 2023, is expected to reach US$12.0 Billion by 2030, growing at a CAGR of 12.2% over the analysis period 2023-2030. Suspended Particle Devices (SPD) Technology, one of the segments analyzed in the report, is expected to record a 9.5% CAGR and reach US$5.9 Billion by the end of the analysis period. Growth in the Electrochromic Windows Technology segment is estimated at 17.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.6 Billion While China is Forecast to Grow at 14.5% CAGR

The Smart Windows market in the U.S. is estimated at US$1.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 14.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 10.3% and 10.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.5% CAGR.

Global Smart Windows Market - Key Trends & Drivers Summarized

Smart windows, also known as switchable windows or dynamic glass, represent a cutting-edge innovation in the field of building materials, offering numerous benefits in terms of energy efficiency, comfort, and aesthetic appeal. These windows can change their light transmission properties based on external stimuli such as light, temperature, or electrical voltage. There are several types of smart windows, including electrochromic, photochromic, thermochromic, and suspended particle devices (SPD). Electrochromic windows, for example, use a small electrical voltage to change the tint of the glass, effectively controlling the amount of light and heat that enters a building. This adaptability not only helps in reducing the reliance on artificial lighting and air conditioning but also enhances the overall comfort and productivity of occupants.

The technology behind smart windows involves advanced materials and manufacturing processes. Electrochromic windows consist of multiple layers, including a transparent conductor, an electrochromic layer, an ion conductor, and a counter electrode. When a voltage is applied, ions move between the layers, causing a change in the glass`s opacity. Thermochromic windows, on the other hand, change their tint in response to temperature fluctuations, while photochromic windows react to changes in light intensity. SPD technology uses suspended particles within the glass that align or scatter to modulate light transmission when an electrical voltage is applied. These advanced technologies require precise engineering and high-quality materials to ensure durability and performance, making smart windows a sophisticated and reliable solution for modern buildings. Smart windows are anticipated to gain from increasing use of remote systems, mobile apps and IoT technologies for controlling electric signals to adjust transparency.

The growth in the smart windows market is driven by several factors. One of the primary drivers is the increasing demand for energy-efficient solutions in both residential and commercial buildings, driven by rising energy costs and stringent environmental regulations. The market is driven by favorable government regulations that recommend energy efficient heating, cooling and lighting solutions in buildings and cars. Technological advancements in materials science and nanotechnology have made smart windows more efficient and cost-effective, broadening their appeal. Additionally, the growing trend towards green buildings and sustainable architecture has significantly boosted the adoption of smart windows, as they contribute to reducing the carbon footprint of structures. Consumer preferences are also shifting towards smart home technologies that enhance convenience and comfort, further propelling the market. The trend towards embedding electronics, such as sensors, to turn auto and architectural windows into displays of infotainment content represents another significant factor benefiting market expansion. Government incentives and subsidies for energy-efficient building materials are also playing a crucial role in promoting the use of smart windows. Opportunities also exist for smart windows in the retrofit segment as majority of the windows in current buildings worldwide are not energy efficient. These factors, combined with the ongoing advancements in smart window technology, are expected to drive substantial growth in the market in the coming years.

Select Competitors (Total 77 Featured) -

• Eastman Chemical Company
• AGC Inc.
• Innovative Glass Corporation
• Apogee Enterprises, Inc.
• BMC Stock Holdings, Inc.
• Deceuninck NV
• China Glass Holdings Ltd.
• EControl-Glas GmbH & Co. KG
• Heliotrope Technologies
• Atrium Windows and Doors, Inc.
• ChromoGenics AB
• Inwido AB
• Brite Hellas S.A.
• eLiteERP
• Industrial Technology Research Institute (ITRI)

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