Smart Glass and Smart Window Market Size, Industry Growth by Regions, Forecast to 2026
Global Smart Glass And Smart Window Market size is expected to reach $6.9 billion by 2022, growing at a CAGR of 14.3% from 2016 to 2022. Smart glass and smart window or switchable glass and switchable window are glasses whose light transmission properties are changed when voltage, light or heat is applied. Usually, the glass changes from translucent to transparent, blocking some (or all) wavelengths of light to letting light pass through. When smart glass is installed in the envelope of buildings, it creates climate adaptive building shells, with the ability to save heating cost, air-conditioning and lighting and avoid the cost of installing and maintaining motorized light screens or blinds or curtains. Blackout smart glass blocks 99.4% of ultraviolet light, reducing fabric fading; for SPD-type smart glass, this is achieved in conjunction with low emissivity coatings.
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The main fields that smart glass manufacturers are interested in would be automotive industry, commercial buildings, and personal property buildings. The main fields of competition would be price, functions, technology, efficiency, and safety. Price of smart glass differs from 85-265 USD per square meter from different suppliers and different manufacturing technologies. Functions differ from few switching modes to be controlled manually till automatic sensoring of the light and controlling automatically. Technology differ by manufacturing of smart glass and the functions it provides. For example OLED, SPD, LC (liquid coating), etc. The level of efficiency differs from the very electricity consuming materials till very efficient and power saving materials. Safety includes water resistance implementation, the risk of electroshock, etc.
Smart glass used in the buildings and transportation sectors provide dynamic glare, light and heat control based on ambient conditions or manual controls. Smart glass having efficient energy consumption is being highly adopted in construction sector. As buildings become glassier, building codes are becoming stricter and energy performance is growing in importance to building owners. Smart glass helps in improving the energy performance while adding to occupants’ comfort and satisfaction. As per the past year’s records, quite a few of positive developments for the smart glass sector have been seen including the establishment of new industrial-scale production capacity, increased levels of investment, and partnership announcements between smart glass technology companies and upstream and downstream suppliers and participants which are driving the growth of the smart glass and smart window market.
Factors impacting smart glass and smart window market
The demand for smart glass and smart window is expected to surge due to heavy investments in the R&D of glass based products by several key players, including SAGE Electrochromics, Inc., Saint-Gobain S.A., SmartGlass International Ltd., Ravenbrick LLC, Pleotint LLC, and others, leading to the improvement in reliability and efficiency.
Segment Review
The smart glass and smart window market is Segmented on the Basis of Technology, Application, and Geography.
Based on technology, smart glass and smart window market is segmented into active glasses and passive glasses which are further sub-segmented in the report. Among all the technologies, active glasses was the highest revenue generating segment in 2015. Furthermore, the smart glass and smart window market is segmented based on applications, as automotive, aircraft, marine and construction. Geographic breakdown and in-depth analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific and LAMEA.
Smartglass Compensating Artificial Expenditure
The expenses occurring by availing facilities like air conditioning, lighting and heating have been reduced by a smart glass technology called electrochromic glass which can be typically used to switch the glass between transparent and opaque states using an electrical signal, or to lessen the amount of light passing through the glass without obscuring the view. This new development takes smart glass one step further in controlling heat transmission as well as visible light.
Electrochromic glasses are nanocrystals of Indium tin oxide (ITO), a common transparent conducting ceramic used in touch screens and solar panels that absorb heat without reducing the amount of light passing through. This could lead to huge efficiency benefits in buildings, decreasing the need for both air conditioning and artificial lighting.
The key players of the global smart glass and smart window market have adopted novel strategies to improve manufacturing techniques, and widen their product portfolio to gain a competitive edge over other market players.
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Key Benefits
Inquiry Before Buying This Report: https://www.futureindustryinsight.com/product/smart-glass-and-smart-window-market/
The main fields that smart glass manufacturers are interested in would be automotive industry, commercial buildings, and personal property buildings. The main fields of competition would be price, functions, technology, efficiency, and safety. Price of smart glass differs from 85-265 USD per square meter from different suppliers and different manufacturing technologies. Functions differ from few switching modes to be controlled manually till automatic sensoring of the light and controlling automatically. Technology differ by manufacturing of smart glass and the functions it provides. For example OLED, SPD, LC (liquid coating), etc. The level of efficiency differs from the very electricity consuming materials till very efficient and power saving materials. Safety includes water resistance implementation, the risk of electroshock, etc.
Smart glass used in the buildings and transportation sectors provide dynamic glare, light and heat control based on ambient conditions or manual controls. Smart glass having efficient energy consumption is being highly adopted in construction sector. As buildings become glassier, building codes are becoming stricter and energy performance is growing in importance to building owners. Smart glass helps in improving the energy performance while adding to occupants’ comfort and satisfaction. As per the past year’s records, quite a few of positive developments for the smart glass sector have been seen including the establishment of new industrial-scale production capacity, increased levels of investment, and partnership announcements between smart glass technology companies and upstream and downstream suppliers and participants which are driving the growth of the smart glass and smart window market.
Factors impacting smart glass and smart window market
The demand for smart glass and smart window is expected to surge due to heavy investments in the R&D of glass based products by several key players, including SAGE Electrochromics, Inc., Saint-Gobain S.A., SmartGlass International Ltd., Ravenbrick LLC, Pleotint LLC, and others, leading to the improvement in reliability and efficiency.
Segment Review
The smart glass and smart window market is Segmented on the Basis of Technology, Application, and Geography.
Based on technology, smart glass and smart window market is segmented into active glasses and passive glasses which are further sub-segmented in the report. Among all the technologies, active glasses was the highest revenue generating segment in 2015. Furthermore, the smart glass and smart window market is segmented based on applications, as automotive, aircraft, marine and construction. Geographic breakdown and in-depth analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific and LAMEA.
Smartglass Compensating Artificial Expenditure
The expenses occurring by availing facilities like air conditioning, lighting and heating have been reduced by a smart glass technology called electrochromic glass which can be typically used to switch the glass between transparent and opaque states using an electrical signal, or to lessen the amount of light passing through the glass without obscuring the view. This new development takes smart glass one step further in controlling heat transmission as well as visible light.
Electrochromic glasses are nanocrystals of Indium tin oxide (ITO), a common transparent conducting ceramic used in touch screens and solar panels that absorb heat without reducing the amount of light passing through. This could lead to huge efficiency benefits in buildings, decreasing the need for both air conditioning and artificial lighting.
The key players of the global smart glass and smart window market have adopted novel strategies to improve manufacturing techniques, and widen their product portfolio to gain a competitive edge over other market players.
Request Free Sample of This Report: smart-glass-and-smart-window-market
Key Benefits
- Comprehensive analysis of the current and future trends in the global smart glass and smart window market are provided
- The report offers a competitive scenario of the smart glass and smart window market and elucidates on the growth trends, drivers, scope, opportunities, and challenges
- The report includes a comprehensive analysis of the key segments to provide insights on the smart glass and smart window market dynamics
- Porter’s Five Forces analysis highlights the potential of buyers and suppliers as well as provides insights on the competitive structure of the market to devise effective growth strategies and facilitate better decision-making
- Market player positioning provides positions of key companies operating in the smart glass and smart window market...
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