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Comprehensive 2025 Smart Windows Market Overview: Trends, Forecasts, and Growth Drivers
Smart Windows Market
What Is the Expected CAGR for the Smart Windows Market Through 2025?
The market size for smart windows has seen a significant expansion recently. An advancement from $5.83 billion in 2024 to $6.45 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.7%, is projected. The historical period's expansion is fuelled by increased regulatory efforts to boost energy efficiency in structures, increased consciousness about environmental sustainability, escalating energy expenses, and a heightened emphasis on improving inhabitant comfort and approval in residential, commercial, and institutional structures. Furthermore, the surge in urbanization and infrastructure development also significantly contributed to its growth.
What's the Projected Size of the Global Smart Windows Market by 2029?
In the forthcoming years, the market size for smart windows is predicted to experience rapid expansion, possibly hitting $9.54 billion by 2029 with an annual compound growth rate (CAGR) of 10.3%. The anticipated growth within this period can be associated with the escalating demand for tech-enabled homes and buildings featuring connected devices and automation systems. The increasing emphasis on health and well-being in architectural designs, government incentives and policies encouraging energy efficiency and sustainability in buildings, as well as the emergence of smart cities and green urban development initiatives, are also contributing factors. Meanwhile, other trends to look out for include advancements in IoT and building automation technologies, the incorporation of artificial intelligence capabilities for predictive and adaptive control, the integration of smart windows into wider smart home ecosystems, and the evolution of more advanced user interfaces and controls.
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Top Growth Drivers in the Smart Windows Industry: What's Accelerating the Market?
The growth of the smart window market is anticipated to surge in response to an increase in demand for smart home solutions. Smart home solutions encompass a variety of systems and technologies designed to unify various domestic devices and appliances, aiming to boost comfort, convenience, security, and energy effectiveness. The appeal of these smart solutions for homes is escalating, as consumers seek greater convenience, security, and energy conservation. Smart windows play a crucial role in enhancing the efficacy of smart homes by controlling natural light and privacy, maximizing energy efficiency and making living spaces more comfortable. For instance, as mentioned in a techUK report from November 2022-techUK being a membership organization for the tech industry in the UK-77% of UK adults are expected to own a minimum of one connected home device; this reflects an increase from 67% before the pandemic and a 1% growth since 2021. Furthermore, the percentage of 'advanced adopters' with over three connected home devices has seen a rise from 24% in 2021 to 26% in 2022. This upward demand trend for smart home solutions fuels the smart window market's growth.
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What Are the Key Trends Driving Smart Windows Market Growth?
Prominent enterprises in the smart window market strive to innovate by incorporating automation and linked technological advancements such as voice and app-run windows into their offerings. This is to augment user-friendly features, energy conservation, and comfort in both domestic and commercial infrastructures. The feature of voice and app-controlled windows provides users the means to manipulate window functions via voice instructions or mobile apps, thus providing adaptability, ease of use and improved accessibility. For instance, Marvin, a company out of the United States known for its custom-built windows and doors, unveiled their novel Smart Window and Door Line in February 2024. This range amalgamates automation and advanced technology with windows, skylights and doors. The central objective of these smart commodities is to enrich indoor dwelling experiences through the introduction of automated attributes such as voice triggers for controlling windows and doors, sensoring mechanisms for rain identification and obstruction evasion and pre-set preferences for managing climate.
What Are the Main 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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Which Top Companies are Driving Growth 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.
Which Regions Will Dominate the Smart Windows Market Through 2029?
North America was the largest region in the smart windows market in 2024. 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.
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