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: North America, Europe,
APAC, Latin America and RoW.
2.
By Technology: Active smart glass
and Passive smart glass.
3.
By Application Segment: Architectural,
Transportation, Power Generation Plant (Solar), Electronics & Others.
4.
Thin Films Market, By Material Type: Indium Tin Oxide (Ito), Ito Inks and Pastes Transparent Organic
Conductors (Toc), Carbon Nanotube Based Formulations, Nanomaterials and
Composites & Metals.
5.
Transparent Conductors, By Material Type: ITO, ZNO, AZO, GZO and Others.
Key Vendors
Brief:
The Prominent Players in the Smart Windows
Market are ABB, Schneider Electric, Assa Abloy, Honeywell International and
others. The report on the Smart Windows Market by IndustryARC provides a
complete list of Key Players with their Product Portfolios, Growth Financials,
Company Profiles, SWOT Analysis and more business aspects.
To mention few leading competitors included
in this report:
- DuPont (U.S.),
- Hitachi
Chemicals (Japan),
- Smartglass
international (Ireland),
- Saint Gobain
(France),
- Honeywell International.
**More Information on “Smart Windows
Market” Available in Our Sample Market Report. Download Your Copy @ http://www.industryarc.com/pdfdownload.php?id=1258
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