Smart Windows Market
PUBLISHED: 2024 ID: SMRC26506
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Smart Windows Market

Smart Windows Market Forecasts to 2030 - Global Analysis By Type (OLED Glass, Self-Dimming Windows and Self-Repairing Windows), Technology, Application and By Geography

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4.3 (100 reviews)
Published: 2024 ID: SMRC26506

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Smart Windows Market is accounted for $6.1 billion in 2024 and is expected to reach $13.2 billion by 2030 growing at a CAGR of 13.6% during the forecast period. Smart windows, also known as switchable or dynamic windows, are an innovative technology designed to improve energy efficiency and comfort in buildings. These windows can change their light transmission properties in response to external stimuli such as light, heat, or electrical current. Common types include electrochromic, photochromic, thermochromic, and suspended particle devices (SPDs). Photochromic and thermochromic windows react to light intensity and temperature changes, respectively, without the need for electrical power.

According to the National Union of the Metal Construction Industries of the Envelope and Windows.EUR 3 billion was created in Italy in 2019 from the demand for windows, doors, and curtain walls for residential structures.

Market Dynamics: 

Driver: 

Rising demand for smart homes and buildings

As consumers increasingly seek energy-efficient and technologically advanced solutions for their living and working spaces, smart windows offer a compelling option. These windows integrate seamlessly with smart home automation systems, allowing users to control light, glare, and heat transmission with ease. The convenience and energy-saving benefits of smart windows align well with the sustainability and comfort goals of modern construction projects drives the growth of the market.

Restraint:

Limited standardization and compatibility 

Various technologies and manufacturers offering different products there's often a lack of interoperability between systems, making integration into existing infrastructure complex and costly. This fragmentation inhibits market growth by complicating decision-making for consumers and hindering scalability for manufacturers. Additionally, the absence of industry-wide standards can lead to inconsistent performance and reliability across different smart window products thus hampering the market growth.

Opportunity:

Growing focus on energy efficiency and sustainability

As governments, businesses, and consumers prioritize reducing energy consumption and carbon emissions, smart windows offer a compelling solution. By dynamically adjusting transparency and heat insulation properties, these windows optimize natural light and thermal comfort, reducing reliance on artificial lighting and HVAC systems. This not only lowers energy costs but also enhances indoor environmental quality propelling the market growth.

Threat:

Durability and maintenance concerns

smart window technologies may be prone to reliability issues over time, such as sensor malfunctions or degradation of switchable coatings. Additionally, the complexity of these systems may require specialized maintenance, increasing operational costs and inconvenience for users. Concerns about long-term durability and the potential for maintenance requirements can deter potential buyers, especially in commercial applications where downtime and repair costs are critical considerations.

Covid-19 Impact 

While initial disruptions in supply chains and construction projects slowed market growth, the increased emphasis on indoor air quality and occupant comfort has driven demand for energy-efficient building solutions, including smart windows. Remote work trends have also spurred interest in smart building technologies, as businesses seek ways to optimize energy usage and enhance employee well-being in office spaces. However, economic uncertainties and budget constraints have led to cautious spending in some sectors, affecting the pace of adoption.

The OLED glass segment is expected to be the largest during the forecast period

The OLED glass is expected to be the largest during the forecast period as this technology allows windows to transform into dynamic screens for information display, privacy control, and aesthetic enhancement. OLED glass provides unparalleled design flexibility, enabling seamless integration into architectural designs while delivering vivid, high-quality visuals. Its ability to switch between transparent and opaque states enhances privacy and daylight management in commercial and residential spaces.

The electrochromic segment is expected to have the highest CAGR during the forecast period

The electrochromic segment is expected to have the highest CAGR during the forecast period as these windows can change their tint or opacity in response to electrical voltage, providing occupants with on-demand privacy, glare reduction, and energy efficiency. Electrochromic smart windows help regulate indoor temperatures, reducing reliance on heating, ventilation, and air conditioning systems. Their ability to enhance occupant comfort while maximizing energy savings appeals to both residential and commercial building owners.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to high penetration of smart home products among UK households and growing adoption of advanced window covering products are some of the major factors driving the smart windows market in the United Kingdom. Smart Windows are enabling features such as constantly updating homeowners regarding their windows' 'open or close' status. This has developed a tremendous interest in the UK market.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period. Stringent government regulations related to complications caused by smart glass in Japan and China are expected to fuel market growth. Increasing technological advancements in smart glass-based products would fuel the demand for the smart window market. The smart window market is growing in offices, residential areas, and hotels. In addition, growing research and development concerning smart windows is expected to expand the regional market.

Key players in the market

Some of the key players in Smart Windows market include ChromoGenics, Gentex Corporation, Griesser AG, Hunter Douglas, Innovative Glass Corporation, Inter IKEA Systems BV, Lutron Electronics Co. Inc., Pleotint LLC., Polytronix, Inc., SAGE Electrochromics, Inc., Smart Windows Colorado, Somfy Systems Inc., Springblinds, Stellaris Corporation and The Shade Store LLC

Key Developments:

In February 2024, Gentex’s HomeLink Brand Expands To Provide Smart Home & Security Systems. The overall goal is to help unite the worlds of car connectivity and home automation into a single, seamless ecosystem.

In January 2024, Gentex Announces Partnership With Solace to Develop Next-Generation Wireless Power. The goal of the collaboration is to further develop, manufacture, and commercialize Solace’s unique wireless power systems within a wide variety of industries.

Types Covered:
• OLED Glass
• Self-Dimming Windows
• Self-Repairing Windows 

Technologies Covered:
• Suspended Particle Devices (SPD) Light Modulators
• Polymer Dispersed Liquid Crystal (PDLC) Devices
• Electrochromic
• Photochromic 

Applications Covered:
• Architectural & Construction
• Transportation
• Automotive
• Consumer Goods
• Power Generation

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary      
        
2 Preface       
 
2.1 Abstract      
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology    
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions    
        
3 Market Trend Analysis     
 3.1 Introduction     
 3.2 Drivers      
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats      
 3.6 Technology Analysis    
 3.7 Application Analysis    
 3.8 Emerging Markets     
 3.9 Impact of Covid-19     
        
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry     
        
5 Global Smart Windows Market, By Type    
 5.1 Introduction     
 5.2 OLED Glass     
 5.3 Self-Dimming Windows    
 5.4 Self-Repairing Windows    
        
6 Global Smart Windows Market, By Technology   
 6.1 Introduction     
 6.2 Suspended Particle Devices (SPD) Light Modulators  
 6.3 Polymer Dispersed Liquid Crystal (PDLC) Devices  
 6.4 Electrochromic     
 6.5 Photochromic     
        
7 Global Smart Windows Market, By Application   
 7.1 Introduction     
 7.2 Architectural & Construction    
 7.3 Transportation     
 7.4 Automotive     
 7.5 Consumer Goods     
 7.6 Power Generation     
        
8 Global Smart Windows Market, By Geography   
 8.1 Introduction     
 8.2 North America     
  8.2.1 US     
  8.2.2 Canada     
  8.2.3 Mexico     
 8.3 Europe      
  8.3.1 Germany     
  8.3.2 UK     
  8.3.3 Italy     
  8.3.4 France     
  8.3.5 Spain     
  8.3.6 Rest of Europe    
 8.4 Asia Pacific     
  8.4.1 Japan     
  8.4.2 China     
  8.4.3 India     
  8.4.4 Australia     
  8.4.5 New Zealand    
  8.4.6 South Korea    
  8.4.7 Rest of Asia Pacific    
 8.5 South America     
  8.5.1 Argentina    
  8.5.2 Brazil     
  8.5.3 Chile     
  8.5.4 Rest of South America   
 8.6 Middle East & Africa    
  8.6.1 Saudi Arabia    
  8.6.2 UAE     
  8.6.3 Qatar     
  8.6.4 South Africa    
  8.6.5 Rest of Middle East & Africa   
        
9 Key Developments      
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 9.2 Acquisitions & Mergers    
 9.3 New Product Launch    
 9.4 Expansions     
 9.5 Other Key Strategies    
        
10 Company Profiling      
 10.1 ChromoGenics     
 10.2 Gentex Corporation     
 10.3 Griesser AG     
 10.4 Hunter Douglas     
 10.5 Innovative Glass Corporation    
 10.6 Inter IKEA Systems BV    
 10.7 Lutron Electronics Co. Inc.    
 10.8 Pleotint LLC.     
 10.9 Polytronix, Inc.     
 10.10 SAGE Electrochromics, Inc.    
 10.11 Smart Windows Colorado    
 10.12 Somfy Systems Inc.     
 10.13 Springblinds     
 10.14 Stellaris Corporation    
 10.15 The Shade Store LLC     
        
List of Tables       
1 Global Smart Windows Market Outlook, By Region (2022-2030) ($MN) 
2 Global Smart Windows Market Outlook, By Type (2022-2030) ($MN) 
3 Global Smart Windows Market Outlook, By OLED Glass (2022-2030) ($MN)
4 Global Smart Windows Market Outlook, By Self-Dimming Windows (2022-2030) ($MN)
5 Global Smart Windows Market Outlook, By Self-Repairing Windows (2022-2030) ($MN)
6 Global Smart Windows Market Outlook, By Technology (2022-2030) ($MN)
7 Global Smart Windows Market Outlook, By Suspended Particle Devices (SPD) Light Modulators (2022-2030) ($MN)
8 Global Smart Windows Market Outlook, By Polymer Dispersed Liquid Crystal (PDLC) Devices (2022-2030) ($MN)
9 Global Smart Windows Market Outlook, By Electrochromic (2022-2030) ($MN)
10 Global Smart Windows Market Outlook, By Photochromic (2022-2030) ($MN)
11 Global Smart Windows Market Outlook, By Application (2022-2030) ($MN)
12 Global Smart Windows Market Outlook, By Architectural & Construction (2022-2030) ($MN)
13 Global Smart Windows Market Outlook, By Transportation (2022-2030) ($MN)
14 Global Smart Windows Market Outlook, By Automotive (2022-2030) ($MN)
15 Global Smart Windows Market Outlook, By Consumer Goods (2022-2030) ($MN)
16 Global Smart Windows Market Outlook, By Power Generation (2022-2030) ($MN)
17 North America Smart Windows Market Outlook, By Country (2022-2030) ($MN)
18 North America Smart Windows Market Outlook, By Type (2022-2030) ($MN)
19 North America Smart Windows Market Outlook, By OLED Glass (2022-2030) ($MN)
20 North America Smart Windows Market Outlook, By Self-Dimming Windows (2022-2030) ($MN)
21 North America Smart Windows Market Outlook, By Self-Repairing Windows (2022-2030) ($MN)
22 North America Smart Windows Market Outlook, By Technology (2022-2030) ($MN)
23 North America Smart Windows Market Outlook, By Suspended Particle Devices (SPD) Light Modulators (2022-2030) ($MN)
24 North America Smart Windows Market Outlook, By Polymer Dispersed Liquid Crystal (PDLC) Devices (2022-2030) ($MN)
25 North America Smart Windows Market Outlook, By Electrochromic (2022-2030) ($MN)
26 North America Smart Windows Market Outlook, By Photochromic (2022-2030) ($MN)
27 North America Smart Windows Market Outlook, By Application (2022-2030) ($MN)
28 North America Smart Windows Market Outlook, By Architectural & Construction (2022-2030) ($MN)
29 North America Smart Windows Market Outlook, By Transportation (2022-2030) ($MN)
30 North America Smart Windows Market Outlook, By Automotive (2022-2030) ($MN)
31 North America Smart Windows Market Outlook, By Consumer Goods (2022-2030) ($MN)
32 North America Smart Windows Market Outlook, By Power Generation (2022-2030) ($MN)
33 Europe Smart Windows Market Outlook, By Country (2022-2030) ($MN) 
34 Europe Smart Windows Market Outlook, By Type (2022-2030) ($MN) 
35 Europe Smart Windows Market Outlook, By OLED Glass (2022-2030) ($MN)
36 Europe Smart Windows Market Outlook, By Self-Dimming Windows (2022-2030) ($MN)
37 Europe Smart Windows Market Outlook, By Self-Repairing Windows (2022-2030) ($MN)
38 Europe Smart Windows Market Outlook, By Technology (2022-2030) ($MN)
39 Europe Smart Windows Market Outlook, By Suspended Particle Devices (SPD) Light Modulators (2022-2030) ($MN)
40 Europe Smart Windows Market Outlook, By Polymer Dispersed Liquid Crystal (PDLC) Devices (2022-2030) ($MN)
41 Europe Smart Windows Market Outlook, By Electrochromic (2022-2030) ($MN)
42 Europe Smart Windows Market Outlook, By Photochromic (2022-2030) ($MN)
43 Europe Smart Windows Market Outlook, By Application (2022-2030) ($MN)
44 Europe Smart Windows Market Outlook, By Architectural & Construction (2022-2030) ($MN)
45 Europe Smart Windows Market Outlook, By Transportation (2022-2030) ($MN)
46 Europe Smart Windows Market Outlook, By Automotive (2022-2030) ($MN)
47 Europe Smart Windows Market Outlook, By Consumer Goods (2022-2030) ($MN)
48 Europe Smart Windows Market Outlook, By Power Generation (2022-2030) ($MN)
49 Asia Pacific Smart Windows Market Outlook, By Country (2022-2030) ($MN)
50 Asia Pacific Smart Windows Market Outlook, By Type (2022-2030) ($MN) 
51 Asia Pacific Smart Windows Market Outlook, By OLED Glass (2022-2030) ($MN)
52 Asia Pacific Smart Windows Market Outlook, By Self-Dimming Windows (2022-2030) ($MN)
53 Asia Pacific Smart Windows Market Outlook, By Self-Repairing Windows (2022-2030) ($MN)
54 Asia Pacific Smart Windows Market Outlook, By Technology (2022-2030) ($MN)
55 Asia Pacific Smart Windows Market Outlook, By Suspended Particle Devices (SPD) Light Modulators (2022-2030) ($MN)
56 Asia Pacific Smart Windows Market Outlook, By Polymer Dispersed Liquid Crystal (PDLC) Devices (2022-2030) ($MN)
57 Asia Pacific Smart Windows Market Outlook, By Electrochromic (2022-2030) ($MN)
58 Asia Pacific Smart Windows Market Outlook, By Photochromic (2022-2030) ($MN)
59 Asia Pacific Smart Windows Market Outlook, By Application (2022-2030) ($MN)
60 Asia Pacific Smart Windows Market Outlook, By Architectural & Construction (2022-2030) ($MN)
61 Asia Pacific Smart Windows Market Outlook, By Transportation (2022-2030) ($MN)
62 Asia Pacific Smart Windows Market Outlook, By Automotive (2022-2030) ($MN)
63 Asia Pacific Smart Windows Market Outlook, By Consumer Goods (2022-2030) ($MN)
64 Asia Pacific Smart Windows Market Outlook, By Power Generation (2022-2030) ($MN)
65 South America Smart Windows Market Outlook, By Country (2022-2030) ($MN)
66 South America Smart Windows Market Outlook, By Type (2022-2030) ($MN)
67 South America Smart Windows Market Outlook, By OLED Glass (2022-2030) ($MN)
68 South America Smart Windows Market Outlook, By Self-Dimming Windows (2022-2030) ($MN)
69 South America Smart Windows Market Outlook, By Self-Repairing Windows (2022-2030) ($MN)
70 South America Smart Windows Market Outlook, By Technology (2022-2030) ($MN)
71 South America Smart Windows Market Outlook, By Suspended Particle Devices (SPD) Light Modulators (2022-2030) ($MN)
72 South America Smart Windows Market Outlook, By Polymer Dispersed Liquid Crystal (PDLC) Devices (2022-2030) ($MN)
73 South America Smart Windows Market Outlook, By Electrochromic (2022-2030) ($MN)
74 South America Smart Windows Market Outlook, By Photochromic (2022-2030) ($MN)
75 South America Smart Windows Market Outlook, By Application (2022-2030) ($MN)
76 South America Smart Windows Market Outlook, By Architectural & Construction (2022-2030) ($MN)
77 South America Smart Windows Market Outlook, By Transportation (2022-2030) ($MN)
78 South America Smart Windows Market Outlook, By Automotive (2022-2030) ($MN)
79 South America Smart Windows Market Outlook, By Consumer Goods (2022-2030) ($MN)
80 South America Smart Windows Market Outlook, By Power Generation (2022-2030) ($MN)
81 Middle East & Africa Smart Windows Market Outlook, By Country (2022-2030) ($MN)
82 Middle East & Africa Smart Windows Market Outlook, By Type (2022-2030) ($MN)
83 Middle East & Africa Smart Windows Market Outlook, By OLED Glass (2022-2030) ($MN)
84 Middle East & Africa Smart Windows Market Outlook, By Self-Dimming Windows (2022-2030) ($MN)
85 Middle East & Africa Smart Windows Market Outlook, By Self-Repairing Windows (2022-2030) ($MN)
86 Middle East & Africa Smart Windows Market Outlook, By Technology (2022-2030) ($MN)
87 Middle East & Africa Smart Windows Market Outlook, By Suspended Particle Devices (SPD) Light Modulators (2022-2030) ($MN)
88 Middle East & Africa Smart Windows Market Outlook, By Polymer Dispersed Liquid Crystal (PDLC) Devices (2022-2030) ($MN)
89 Middle East & Africa Smart Windows Market Outlook, By Electrochromic (2022-2030) ($MN)
90 Middle East & Africa Smart Windows Market Outlook, By Photochromic (2022-2030) ($MN)
91 Middle East & Africa Smart Windows Market Outlook, By Application (2022-2030) ($MN)
92 Middle East & Africa Smart Windows Market Outlook, By Architectural & Construction (2022-2030) ($MN)
93 Middle East & Africa Smart Windows Market Outlook, By Transportation (2022-2030) ($MN)
94 Middle East & Africa Smart Windows Market Outlook, By Automotive (2022-2030) ($MN)
95 Middle East & Africa Smart Windows Market Outlook, By Consumer Goods (2022-2030) ($MN)
96 Middle East & Africa Smart Windows Market Outlook, By Power Generation (2022-2030) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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