Smart windows market by Technology (Suspended Particle Devices Light Modulator, Polymer Dispersed Liquid Crystal Devices Scanner, Electro Chromic), Type (OLED Glass, Self-dimming Windows, Self-Repairing), Application (Residential, Commercial, Industrial, Transport), and Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America) Global Forecast 2022 to 2031

Overview

Smart windows comprise of technologically advanced glasses whose light transmission properties change with a change in light, heat, or voltage infused on it. Generally, glass modifies from luminous to transparent, hindering some (or all) wavelengths of light passing through it. Smart windows, when installed in the buildings, produce climate adaptive building shells, that are capable to save lighting and air-conditioning, as well as heating costs, thus, avoiding the cost of maintaining and installing motorized curtains or binds or light screens. Blackout smart windows obstruct about 99.4 percent of UV rays that decrease fabric fading.

The Global Smart windows Market size was valued at USD 5.9 billion in 2022 and is estimated to reach USD 15.5 billion by 2031 and grow with a CAGR of 11.2 % during the forecast period of 2022 to 2031.

Smart windows support and incorporate glazing, capable of switching or altering its optical power when provided with a voltage signal. They are the end-products of the smart glass layers installed with films and other additional related components. Smart windows use removable coatings or light-sensitive suspended particles for enhanced control over solar gain. It can decrease energy loss within the commercial smart buildings along with providing privacy in the conference rooms. Smart windows are widely used in hospitals since they can hinder the entry of dark sun rays in the room. Moreover, smart windows restrict sound transmission and are easier to fumigate compared to the curtains.

Key Market Drivers and Restraints: 

Suspended Particles Devices (SPDs) is expected to drive the Smart Windows Market

The integration of the Internet of Things (IoT) has enabled in facilitating users with enhanced configuring and manageable abilities, helping to drive the growth of the industry worldwide. Additionally, Increasing R&D investments have led manufacturers to develop smart windows integrated with electrochromic technology that helps to build operators and owners to minimize energy expenses. Similarly, products are been introduced with the help of perovskites that turn dark during high temperatures and are capable of harvesting solar energy alike PV cells. Yet, due to a high switching cost from old glass windows to smart windows is likely to restrict the growth of the industry within the SMBs and other organizations.

Key Application:

The commercial sector is one of the emerging application segment for 3D printing

Commercial and residential buildings are getting renovated and restored to become more energy-efficient, thereby broadening the application scope for smart windows industry. Electrochromic glass has substantiated to be a suitable solution for buildings including retail spaces, and classrooms, and healthcare facilities, where light control is a challenge. It facilitates to maintain access to outdoor views and daylight, which improves wellness, recovery of patients, employee productivity, and emotional wellness of the patients. On the other hand, retaining daylight access can decrease the building’s dependence on artificial lighting.

Regional Market Scenario:

Asia-Pacific will lead the growth in this market

Emerging economies like China, India, Russia, and Brazil are key growth countries for smart windows. To meet the increasing demand and challenges from domestic and international market the Asia Pacific is going to be the key growth region for the industry. The availability of raw materials, not very stringent environmental norms and skilled human resource at comparatively lower cost are a few advantages for economies in the Asia Pacific region. We see India, China, South Korea, and South-East Asian countries will take maximum advantages of their key strengths and which will help the market growth in this region.

North America possesses the largest market share for the smart windows industry in 2019. This can be attributed to government strategies towards the use of energy proficient systems along with the presence of key industry participants within the region. The recent rise energy expenses have led to the rising demand for energy-efficient systems, thus enhancing the industry penetration within the smart windows over the past few years.

Key Market Players

•    Gentex Corporation
•    Glasnovations Ltd.
•    Heliotrope Technologies
•    Pleotint, LLC
•    Ravenbrick LLC
•    Research Frontiers Inc.
•    SAGE Electrochromics, Inc.
•    Scienstry
•    Stellaris 
•    View Inc.
•    Vista Window Company
•    Others

smart windows market Scope

Key Segment Of The smart windows market

by Technology (USD Billion)            
    •    Suspended Particle Devices Light Modulator 
    •    Polymer Dispersed Liquid Crystal Devices Scanner 
    •    Electro Chromic
Type, (USD Billion)  
    •    OLED Glass 
    •    Self-dimming Windows 
    •    Self-Repairing
Application, (USD Billion)  
    •    Residential 
    •    Commercial 
    •    Industrial 
    •    Transport
Regional Overview, (USD Billion)  
    North America
      •    US
      •    Canada
    Europe
      •    Germany
      •    France
      •    UK
      •    Rest of Europe
    Asia Pacific
      •    China
      •    India
      •    Japan
      •    Rest of Asia Pacific
    South America
      •    Mexico
      •    Brazil
      •    Rest of South America
    Middle East and South Africa