What are the Historical Developments and Current Growth Metrics of the Smart Windows Market?
The smart windows market has seen considerable growth due to a variety of factors.
• The smart windows market has grown rapidly in recent years. It will increase from $5.83 billion in 2024 to $6.5 billion in 2025 at a compound annual growth rate (CAGR) of 11.6%.
This growth is attributed to rising energy efficiency regulations in buildings, environmental sustainability awareness, rising energy costs, an emphasis on occupant comfort, and urbanization and infrastructure development.
What Does Future Hold for The Smart Windows Market By 2029?
The smart windows market is expected to maintain its strong growth trajectory in upcoming years.
• The smart windows market is forecasted to grow rapidly, reaching $9.97 billion by 2029 at a CAGR of 11.3%.
This growth is attributed to the rising demand for smart homes and buildings with connected devices, a greater focus on health and well-being in design, government incentives for energy-efficient buildings, the rise of smart cities, and increased awareness about indoor air quality (IAQ). Key trends include IoT and automation advancements, AI integration for adaptive control, smart windows as part of smart home systems, and improved user interfaces.
What Are The Primary Growth Drivers In The Smart Windows Market?
The surge in interest for smart home solutions is projected to push forward the expansion of the smart window market. These smart home solutions encompass a series of technologies and systems aimed at connecting various domestic gadgets and appliances to boost convenience, comfort, security, energy efficiency, and automation. The increasing appetite for smart home solutions stems from the consumers' pursuit of convenience, energy conservation, and upgraded security. Smart windows elevate the effectiveness of smart homes by controlling natural light and privacy, enhancing energy utilization, and augmenting overall comfort and convenience for dwellers. For example, a November 2022 report by techUK, a UK-centric association for the tech sector, revealed that 77% of UK adults would possess at least one connected home device, a rise from the pre-pandemic 67% and a 1% growth since 2021. In addition, the share of 'advanced adopters,' who own more than three connected home gadgets, has escalated to 26% in 2022 from 24% in 2021. Hence, the swelling demand for smart home solutions powers the smart window market.
What Is The Segmentation Of The Global Smart Windows Market?
The smart windows market covered in this report is segmented –
1) By Type: Organic Light-Emitting Diode (OLED) Glass, Self-Dimming Window, Self-Repairing Windows
2) By Technology: Suspended Particle Devices Light Modulator, Polymer Dispersed Liquid Crystal Devices Scanner, Electrochromic
3) By Application: Residential, Industrial, Commercial, Transport
Subsegments:
1) By Organic Light-Emitting Diode (OLED) Glass: Transparent OLED Displays, OLED-Based Privacy Glass, OLED-Based Light-Controlled Windows
2) By Self-Dimming Window: Electrochromic Windows, Photochromic Windows, Thermochromic Windows
3) By Self-Repairing Windows: Self-Healing Coatings, Nano-Coating Technologies, Polymer-Based Self-Repairing Windows
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How Are Emerging Trends Reshaping The Dynamics Of The Smart Windows Market?
Big firms in the smart window industry are making strides in integrating automation and connected tech improvements like voice and app-controlled windows, aimed at improving user-friendly experiences, energy proficiency, and comfort in both residential and commercial settings. Voice and app-controlled windows offer users the ability to manage windows using voice-guided instructions or mobile apps, offering ease, versatility, and improved accessibility. For instance, Marvin, a custom-made windows and doors company based in the US, in February 2024 introduced its novel Smart Window and Door Line. This line incorporates automation and advanced technology into windows, skylights, and doors. The goal of these intelligent products is to elevate the quality of indoor living experiences through automated features like voice-activated controls for opening windows and doors, sensors to detect rain and avoid obstructions, and programmed settings for climate management.
Who Are the Key Players In The Smart Windows Market?
Major companies operating in the smart windows market are:
• Saint-Gobain S.A.
• AGC Inc.
• Gentex Corporation
• Pilkington Group Limited
• Hitachi Chemical Co. Ltd.
• View Inc.
• Gauzy Ltd.
• Halio International
• SAGE Electrochromics
• Kinestral Technologies Inc.
• Polytron Technologies Inc.
• Smartglass International Ltd.
• Heliotrope Technologies Inc.
• ChromoGenics AB
• GlasNovations Ltd.
• Innovative Glass Corporation
• Raven Windows Inc.
• Smart Windows Colorado
• SPD Control Systems Corporation
• Stellaris Corporation
• Scienstry Inc.
• Smart Tint Inc.
• Citala Ltd.
• Pleotint LLC
• Research Frontiers Inc.
What Are The Regional Insights Into The Smart Windows Market?
North America was the largest region in the smart windows market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the smart windows market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
