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Report
Smart Window Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 144 Pages I IMARC Group
Market Overview:
The global smart window market size reached US$ 1,115 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,525 Million by 2028, exhibiting a growth rate (CAGR) of 14.2% during 2023-2028.
A smart window is a technologically advanced window system that can change its optical power. These windows are made of several layers of smart glass which turns from transparent to translucent to control the amount of sunlight and heat entering a room. Presently, there are different types of glasses available in the market used for manufacturing smart windows including liquid crystal, suspended particle and micro-blinds. In recent years, these windows have gained immense popularity as they are considered a more efficient option for managing energy when compared to other systems like electric window shades.
Market Trends:
Smart windows are incorporated with lighting and air conditioning control systems to ensure greater thermal and visual comfort for the occupants as well as to generate significant energy savings. Besides this, the integration of smart windows with the Internet of Things (IoT) has helped in providing users with improved manageability and configuring abilities. These are some of the factors that are driving the growth of the market at the global level. Moreover, owing to increasing R&D activities, manufacturers are developing smart windows with electrochromic technology which helps the building owners and operators to conserve energy and minimize cooling, heating and lighting costs. Similarly, products are being developed using perovskites that turn dark at high temperatures and can harvest solar energy like PV cells. However, the high switching costs from traditional glass windows to smart windows is relatively high, which acts as a significant hindrance to the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart window market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on technology, type and application.
Breakup by Technology:
Suspended Particle Devices Light Modulator
Polymer Dispersed Liquid Crystal Devices Scanner
Electro Chromic
Breakup by Type:
OLED Glass
Self-Dimming Window
Self-Repairing
Breakup by Application:
Residential
Commercial
Industrial
Transport
Breakup by Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Gentex Corporation, Glasnovations Ltd., Heliotrope Technologies, Pleotint, Ravenbrick LLC, Research Frontiers Inc., SAGE Electrochromics, Inc., Scienstry, Stellaris, Vista Window Company, ChromoGenics, Diamond Glass, EControl-Glas, Gesimat, Hitachi Chemical, Polytronix, etc.
IMARC Group's latest report provides a deep insight into the global smart window market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global smart window market in any manner.
Key Questions Answered in This Report:
How has the global smart window market performed so far and how will it perform in the coming years?
What are the key regional markets in the global smart window industry?
What has been the impact of COVID-19 on the global smart window industry?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the global smart window industry?
What are the key driving factors and challenges in the global smart window industry?
What is the structure of the global smart window industry and who are the key players?
What is the degree of competition in the global smart window industry?
What are the profit margins in the global smart window industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Smart Window Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Technology
5.5 Market Breakup by Type
5.6 Market Breakup by Application
5.7 Market Breakup by Region
5.8 Market Forecast
6 Market Breakup by Technology
6.1 Suspended Particle Devices Light Modulator
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Polymer Dispersed Liquid Crystal Devices Scanner
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Electro Chromic
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Type
7.1 OLED Glass
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Self-Dimming Window
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Self-Repairing
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Residential
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Industrial
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Transport
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Gentex Corporation
14.3.2 Glasnovations Ltd.
14.3.3 Heliotrope Technologies
14.3.4 Pleotint
14.3.5 Ravenbrick LLC
14.3.6 Research Frontiers Inc.
14.3.7 SAGE Electrochromics, Inc.
14.3.8 Scienstry
14.3.9 Stellaris
14.3.10 Vista Window Company
14.3.11 ChromoGenics
14.3.12 Diamond Glass
14.3.13 EControl-Glas
14.3.14 Gesimat
14.3.15 Hitachi Chemical
14.3.16 Polytronix
Figure 1: Global: Smart Window Market: Major Drivers and Challenges
Figure 2: Global: Smart Window Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Smart Window Market: Breakup by Technology (in %), 2022
Figure 4: Global: Smart Window Market: Breakup by Type (in %), 2022
Figure 5: Global: Smart Window Market: Breakup by Application (in %), 2022
Figure 6: Global: Smart Window Market: Breakup by Region (in %), 2022
Figure 7: Global: Smart Window Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 8: Global: Smart Window Industry: SWOT Analysis
Figure 9: Global: Smart Window Industry: Value Chain Analysis
Figure 10: Global: Smart Window Industry: Porter's Five Forces Analysis
Figure 11: Global: Smart Window (Suspended Particle Devices Light Modulator) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Smart Window (Suspended Particle Devices Light Modulator) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Smart Window (Polymer Dispersed Liquid Crystal Devices Scanner) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Smart Window (Polymer Dispersed Liquid Crystal Devices Scanner) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Smart Window (Electro Chromic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Smart Window (Electro Chromic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Smart Window (OLED Glass) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Smart Window (OLED Glass) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Smart Window (Self-Dimming Window) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Smart Window (Self-Dimming Window) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Smart Window (Self-Repairing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Smart Window (Self-Repairing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Smart Window (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Smart Window (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Smart Window (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Smart Window (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Smart Window (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Smart Window (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Smart Window (Transport) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Smart Window (Transport) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: North America: Smart Window Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: North America: Smart Window Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Europe: Smart Window Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Europe: Smart Window Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Asia Pacific: Smart Window Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Asia Pacific: Smart Window Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Middle East and Africa: Smart Window Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Middle East and Africa: Smart Window Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Latin America: Smart Window Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Latin America: Smart Window Market Forecast: Sales Value (in Million US$), 2023-2028
Table 1: Global: Smart Window Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Smart Window Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 3: Global: Smart Window Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Smart Window Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Smart Window Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Smart Window Market Structure
Table 7: Global: Smart Window Market: Key Players
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