Press release
Emerging Smart Windows Market Trend 2025-2034: Advancements In Smart Window Technology Is Enhancing Convenience And Energy Efficiency
Smart Windows Market Size
The market size of smart windows has experienced a significant increase over the past few years. The market is projected to expand from a value of $5.83 billion in 2024 to a value of $6.5 billion in 2025, with a compound annual growth rate (CAGR) of 11.6%. The historic growth in this market is linked to several factors including rising regulatory measures towards increasing energy efficiency in buildings, heightened awareness surrounding environmental sustainability, and escalating energy costs. Other contributing factors include the increasing emphasis on improving occupant comfort and satisfaction in various residential, commercial, and institutional buildings, as well as the surge in urbanization and infrastructure development.
Anticipations show a swift expansion in the size of the smart windows market in the upcoming years. By 2029, it's predicted to escalate to a value of $9.97 billion, with a compound annual growth rate (CAGR) of 11.3%. The surge during the forecasted period is linked with the rising demand for smart homes and buildings, equipped with integrated devices and automation systems, the emphasis on well-being and health in building design. Other factors include the increase in government regulations and incentives for sustainability and energy efficiency in constructions, advent of smart cities, and initiatives for sustainable urban development. Another contributing factor is the improved awareness surrounding indoor air quality (IAQ). The major trends predicted for the coming period include IoT and building automation technology advancements, integration of AI technologies for adaptive and predictive control, incorporation of smart windows into comprehensive smart home systems, and the evolution of enhanced control options and user interfaces.
What Are the Key Drivers Behind the Growth of the Smart Windows Market?
The growth of the smart window market is projected to be accelerated by an increased demand for smart home solutions. Smart homes comprise of a myriad of technologies and systems that interconnect various home appliances and devices to enhance comfort, security, automation, energy efficiency, and convenience. The accelerated demand for smart home solutions stem from consumer aspirations for comfort, energy efficiency, and strengthened security. Smart windows enhance the smart home experience by optimizing energy utilization, controlling natural light and privacy, and boosting overall convenience and comfort. For instance, as per a report published by techUK, a membership association for the tech industry based in the United Kingdom, in November 2022, the ownership of at least one connected home device will increase from 67% pre-pandemic to 77% among adults in the UK, reflecting an increase of 1% since 2021. Furthermore, the share of 'advanced adopters', or those owning over three connected home devices, has also seen a modest increase, from 24% in 2021 to 26% in 2022. Therefore, the surging demand for smart home solutions is likely to fuel the growth of the smart window market.
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Who Are the Major Industry Players Fueling Smart Windows Market Expansion?
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.
Which Key Developments Are Influencing the Smart Windows Market?
Smart window market's prominent companies are concentrating their efforts on the development of automation and associated technologies like voice and app-controlled windows. These advancements are aimed at augmenting user comfort, energy efficiency, and convenience in both residential and commercial structures. Such windows, operated by voice instructions or mobile apps, offer enhanced accessibility and flexibility. For instance, Marvin, a firm based in the United States that customizes windows and doors, introduced its novel Smart Window and Door Line in February 2024. This lineup brings together smart technology and automation, as seen in their windows, skylights, and doors. These intelligent features aim to elevate the experiences of indoor living by offering automated attributes like voice-activated windows and doors opening, obstruction avoidance and rain detection sensors, and settings that can be pre-programmed for climate control.
How Is the Segmentation of the Smart Windows Market Defined?
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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What Is the Leading Region in 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.
What Is Covered In The Smart Windows Global Market Report?
- Market Size Analysis: Analyze the Smart Windows Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Smart Windows Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Smart Windows Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Smart Windows Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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