Smart Window Market to Garner Brimming Revenues at 17.8% CAGR to 2025 - PowerPoint PPT Presentation

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Smart Window Market to Garner Brimming Revenues at 17.8% CAGR to 2025

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Title: Smart Window Market to Garner Brimming Revenues at 17.8% CAGR to 2025


1
Smart Window Market to Value Over USD 9083.7 Mn
by 2025 Market Research Future
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2025
2
Smart Window Market

Market Overview Global Smart Window Market is
expected to reach USD 9,083.7 Million by 2025 at
a CAGR of 17.8 during the forecast period.
Market Research Future (MRFR), in its report,
envelops segmentation and drivers to provide a
better glimpse of the market in the coming years.
Smart window glasses are electronically
controlled devices that allow users to control
the amount of light, glare, and heat passing
through the window, manually or automatically.
Smart windows are usually based on technologies
such as electrochromic, polymer dispersed liquid
crystal (PDLC), suspended particle devices (SPD),
and photochromic. These glasses are
energy-efficient and have low reflection, which
reduces the glare. Smart windows are
eco-friendly, made of recyclable material, and
help in controlling heat to maintain optimal
temperatures inside buildings and
infrastructures. Competitive Analysis The Key
Players of the Global Smart Window Market are
Saint-Gobain Group (France), RavenWindow (US),
PPG Industries, Inc. (US), LTI Smart Glass, Inc.
(US), Kinestral Technologies, Inc. (US), Gentex
Corporation (US), Merck KGaA (Germany), Pleotint,
LLC (US), E-Chromic Technologies, Inc. (US),
ChromoGenics AB (Sweden), AGC, Inc. ( Japan),
Hitachi Chemical Co., Ltd (Japan), Nippon Sheet
Glass Co., Ltd (Japan), and Innovative Glass
Corporation (US), among others. In June 2019,
Kinestral Technologies, Inc. partnered with
Vitrum Glass Group to produce the Halio
insulating glass units (IGUs) for multiple
commercial projects in North America. These
projects will use more than 100,000 square feet
of Halio smart-tinting glass produced at
Kinestrals large-scale Taiwan manufacturing
facility.
3
Smart Window Market

In February 2017, Pleotint, LLC partnered with
Romag, a glass manufacturer specialized in glass
and solar solutions, to allow Romag to be the
manufacturer in the UK for the Pleotints
Suntuitive product, bringing self-tinting glass
technology to the residential and commercial
sectors. Get Free Sample Report
_at_ https//www.marketresearchfuture.com/sample_requ
est/9595 Segmental Analysis Global Smart Window
Market has been segmented Based on Technology,
Application and Region. Based on Technology, the
smart window market has been segmented into
electrochromic technology, PDLC, SPD, and
photochromic. Among these, the SPD segment
dominated the market in 2018, capturing nearly a
33 market share, whereas the electrochromic
technology segment is expected to register the
highest CAGR during the forecast period. The
electrochromic technology segment was the
fastest-growing market and is projected to
register the highest CAGR of 19.7 during the
forecast period. Electrochromic technology
reflects light, reducing the need for air
conditioning (AC) systems, which indirectly
lowers the heavy cost of installing AC systems as
well as the day-to-day costs associated with
their maintenance. PDLC technology is mostly used
for interior and exterior windows. It switches
the transparency property of glass from clear to
opaque in less than a second. PDLC technology is
available in a self-adhesive switchable film that
can be applied to existing windows and laminated
smart windows and provides high privacy owing to
its opaque state Suspended particle devices or
SPD glasses enable users to instantly control the
dimming properties of their windows. This
technology provides instant and precise light
control. It has an exceptional optical feature
that reduces glare and eye strain. Photochromic
technology is used in transitional lenses.
Photochromic technology lenses are cost-effective
and convenient for use.
4
Smart Window Market

Based on the application, the market has been
classified into architectural and construction,
transportation, automotive, aircraft, marine,
consumer goods, and power generation. The
architectural construction segment accounted
for the largest market share. The automotive
segment was the fastest-growing market and is
projected to register the highest CAGR during the
forecast period. In architectural and
construction applications, this technology is
widely used in green construction. This
technology has enabled smart-window users to save
nearly 25 in heating, ventilation, and air
conditioning (HVAC) costs. In transportation
applications, smart windows are used in aircraft
to avoid environmental disturbances such as
glare, heat, and noise. In automotive
applications, smart windows help in heat
reduction inside the vehicle up to a temperature
of 18ºF/10ºC, protect from ultraviolet rays, and
provide glare control and noise reduction. By
using smart windows, passengers and flight crews
can regulate the amount of light entering the
cabin. Smart windows preserve the view, reduce
unwanted beams of light, and adjust the optimum
amount of healthy daylight for the passengers
wellbeing. In marine applications, on-site
maintenance engineers can capture pictures and
videos and save them on the internal memory with
the help of smart glass panels. The captured
files can also be sent for analysis. Smart glass
can be used for a multitude of consumer products
including, sunroofs, visors, mirrors, ski
goggles, AR glasses, mirror glass panels,
blackout smart window-projection screens, and
intelligent windows and flat panel displays for
computers. Smart windows are used for reducing
power consumption in corporate offices, shopping
malls, retail stores, museums, and residential
buildings. Smart windows reduce the need for
artificial interior lighting by adjusting the
amount of sunlight and reducing the impact of UV
rays, keeping the room cooler. The global smart
window market, by region, has been segmented into
North America, Europe, Asia-Pacific, and the rest
of the World. North America accounted for the
largest market value of USD 844.1 million in
2017 the market is expected to register a CAGR
of 19.6 during the forecast period. However, the
market in Asia-Pacific is expected to register
the highest CAGR of 21.8. Browse Full Report
Details _at_ https//www.marketresearchfuture.com/rep
orts/smart-window-market-9595
5
ABOUT US
MARKET RESEARCH FUTURE At Market Research Future
(MRFR), we enable our customers to unravel the
complexity of various industries through our
Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports
(3R), Continuous-Feed Research (CFR), and Market
Research Consulting Services. MRFR team have
supreme objective to provide the optimum quality
market research and intelligence services to our
clients. Our market research studies by products,
services, technologies, applications, end users,
and market players for global, regional, and
country level market segments, enable our clients
to see more, know more, and do more, which help
to answer all their most important questions. In
order to stay updated with technology and work
process of the industry, MRFR often plans
conducts meet with the industry experts and
industrial visits for its research analyst
members. For more information kindly visit
www.marketresearchfuture.com or contact us at
info_at_marketresearchfuture.com Copyright 2018
Market Research Future All Rights Reserved. This
document contains highly confidential information
and is the sole property of Market Research
Future. No part of it may be circulated, copied,
quoted, or otherwise reproduced without the
written approval of Market Research Future.
6
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