About Smart Windows
Globally, the construction industry is focusing on the augmentation of energy efficient and sustainable structures. In segments like the residential sector, commercial sector, and public infrastructure sector, smart technologies are being used for the development of smart and green buildings. Cement, brick, and granite are being replaced with glass as it offers natural insulation, environmental protection, safety, and security.
Earlier, smart glasses were being increasingly used in the automotive and electronic industries. However, it is now gaining popularity in the construction industry. Construction companies are shifting from the adoption of conventional weather protection features to advanced energy conserving options. The two forms of smart glass, namely, active and passive glasses, are increasingly being used in the windows of commercial and residential buildings.
Technavio’s analysts forecast the global smart windows market to grow at a CAGR of 21.13% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global smart windows market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of new smart window units globally.
The market is divided into the following segments based on products:
Technavio Announces the Publication of its Research Report – Global Smart Windows Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Smart Windows Market: RavenBrick, Research Frontiers, SAGE Electrochromics and View.
Other Prominent Vendors in the market are: ChromoGenics, Diamond Glass, EControl-Glas, Gesimat, GlasNovations, Heliotrope Technologies, Hitachi Chemical, Pleotint, Polytronix, and Scienstry.
Commenting on the report, an analyst from Technavio’s team said: “Sustainability in construction comes from now just the building structure but also the use of processes that are eco-friendly and resource-efficient throughout the building's life cycle, i.e., from siting to design, construction, operation, maintenance, renovation, and demolition. The smart glass used for smart windows complements sustainability efforts.”
According to the report, Smart windows are growing in popularity because of their ability to regulate daylight. The amount of light passing through the windows can be automatically controlled using photo sensors. Smart windows block UV rays.
Further, the report states that high installation and manufacturing costs hinders the market growth.
RavenBrick, Research Frontiers, SAGE Electrochromics, View, ChromoGenics, Diamond Glass, EControl-Glas, Gesimat, GlasNovations, Heliotrope Technologies, Hitachi Chemical, Pleotint, Polytronix, Scienstry.