Press release
Evolving Market Trends In The Smart Windows Industry: Advancements In Smart Window Technology Is Enhancing Convenience And Energy Efficiency
Smart Windows
What Is the Expected Smart Windows Market Size During the Forecast Period?
The smart windows market has experienced significant growth in recent years. It is expected to expand from $5.83 billion in 2024 to $6.5 billion in 2025, with a CAGR of 11.6%. The increase in the past period can be attributed to growing regulatory support for energy efficiency, rising environmental consciousness, higher energy prices, increased focus on occupant comfort in various buildings, and urban development.
The smart windows market is projected to grow rapidly, reaching $9.97 billion by 2029 at a CAGR of 11.3%. This growth is driven by increasing demand for smart homes and buildings with connected devices, a greater focus on health in building design, government incentives promoting energy efficiency, smart city developments, and rising awareness of indoor air quality. Notable trends include IoT and building automation advancements, AI-based control integration, compatibility with smart home ecosystems, and enhanced user control features.
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What Are the High-Growth Segments in the 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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What Key Drivers Are Expected to Influence Future Smart Windows Market Growth?
The rising demand for smart home technologies is expected to propel the growth of the smart window market. As more consumers seek enhanced convenience, energy efficiency, and security, smart windows, which help regulate light, privacy, and energy consumption, are becoming increasingly popular. According to techUK, 77% of UK adults are expected to own at least one connected home device by 2022, further driving the demand for smart window solutions.
Which Companies Hold the Largest Share Across Different Smart Windows Market Segments?
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 Trends Are Expected to Dominate the Smart Windows Market in the Next 5 Years?
Companies in the smart window market are developing automation technologies such as voice and app-activated windows to increase user convenience, energy efficiency, and comfort. These windows allow users to control their operation through voice commands or mobile apps. For example, in February 2024, Marvin launched a new Smart Window and Door Line, integrating automation into windows, skylights, and doors. These smart products offer features like voice-activated controls and rain detection sensors.
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What Are the Emerging Geographies for The Smart Windows Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart Windows Market?
2. What is the CAGR expected in the Smart Windows Market?
3. What Are the Key Innovations Transforming the Smart Windows Industry?
4. Which Region Is Leading the Smart Windows Market?
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