The Report “Smart Windows Market – Analysis and Forecast: By Technology (Passive, Active On-Demand, Photochromic, Thermochromic, PDLC, SPD, EC); By Application (Automotive, Commercial, Residential, Aerospace) - With Forecast (2015 - 2020)”, published by IndustryARC, the market to reach $9.1 billion by 2020
Browse 46 Market Tables, 44 Figures spread through 206 Pages and an in-depth TOC on “Smart Windows Market”
Smart Windows incorporates a laminated glass or smart glass or switchable glazing which controls the amount of glare, privacy, light and heat transmitted manually or automatically. Smart windows can also potentially solve the need for using blinds and curtains with a switch which instantly dims the windows. The Market report on smart windows from IndustryARC is a detailed study across several segments including type of technology, applications, thin film materials, transparent conductor materials and key geographic regions.
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According to IndustryARC Analysis, smart windows market for architectural segment is projected to increase from $2.4 billion in 2014 to $5.7 billion by 2020 at a CAGR of 18.7%. In the same period, the overall market for smart windows is also increasing due to the raising demand for various end user applications such as commercial and residential buildings, high end cars and airplanes. Major applications of smart window market are architectural, aerospace and marine industries.
The countries which have more population in the world are India and China, therefore the consumption of the energy in terms of industrial, transportation, residential and commercial is high in these countries. The most significant of these inclinations is increase in the cost of energy in the long-term with slow variations which can be expected in the coming years. The government in Japan also spends huge amounts in the renovation of the buildings which can be more strong and resistant to the external impacts. Moreover, countries such as China, India, and Taiwan are the emerging countries and the energy production and consumption typically being more, need more efficient technologies to conserve and reduce their energy needs. Smart windows as such will be a key prospect in the Asian countries as part of the long-term initiatives of the respective governments.
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The new innovations such as smart windows and smart glass can substitute the traditional windows in the construction of buildings so that the consumption of the energy will be comparatively very low. It is essential for the companies of smart windows to create investments for the benefit of future. It is expected that the competencies for the energy efficiency would increase in the coming years for the growth in the smart windows market.
Major players of smart windows market are Saint-Gobain, DuPont, Asahi Glass, Hitachi Chemical, Corning Inc., Guardian Industries, PPG Industries Inc., Smartglass International, Gentex Corporation, Vision Systems and others. Suppliers of thin films also play a major role in smart windows market and major players in this segment include Wenzhou Yongfeng, Corning, DuPont, Richtech, Sekisui and many more. Moreover, these players are actively looking to increase their market share in the next five years by executing strategic partnerships and acquisitions.
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