Smart Windows Market to Grow in Coming Years Due to Increasing Usage in Various Industries.

Also known as “Switchable Glass”, Smart Glass is a glass (window in this case) whose light transmission properties are altered when voltage, light or heat is applied. Generally, the glass changes from translucent to transparent. This change happens when the glass blocks some (or all) wavelengths of light to pass through it.

According to the Report on the Smart Windows Market by IndustryARC, The Global Smart Windows Market is expected to increase from around $2.2 Billion in 2013 to around $6.5 Billion in 2018. Thermochromic Windows are the fastest growing product segment with a CAGR of 38% during 2015-2020.

Smart Glass Technologies like Electrochromic, Photochromic, Thermochromic, Suspended particle, Micro-blind and Liquid Crystal Devices are gaining increased momentum with growing years. Properties like being dimmable, switchable, self-cleaning and projectable are few of the main market driving characteristics for the Smart Windows Market.

Market Driving Factors Outlook:

The Smart Windows Market is driven by the features that make it superior compared to normal windows. Design advantages, Energy Cost Savings, Increased Production from OEMs and Adoption of Dynamic Glazing are the driving factors of the Smart Window Market. Also, rising energy crisis and need for energy efficiency in buildings is also a Key Driver of this market.

The major growth segment of this market is estimated to be the Architectural Section.

Particularly, dynamic light transmission adjustment property of Electrochromic smart glass, offers users the ease of controlling the light (thereby heat), using a simple switch. Thus, smart glass is becoming an increasingly popular choice for windows, doors, skylights, partitions in commercial as well as residential buildings.

Market Segmentation:

On thorough understanding of the global Smart Windows Market, IndustryARC has segmented the market into 3 broad types with sub segmentations based on certain factors like:

1. By Geography:...