PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1459073
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1459073
Smart Windows
Global Smart Windows Market to Reach $10.9 Billion by 2030
The global market for Smart Windows estimated at US$4.9 Billion in the year 2023, is expected to reach US$10.9 Billion by 2030, growing at a CAGR of 10.4% over the period 2023-2030. Suspended Particle Devices (SPD) Technology, one of the segments analyzed in the report, is expected to record 8.1% CAGR and reach US$5.3 Billion by the end of the analysis period. Growth in the Electrochromic Technology segment is estimated at 14.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 12.6% CAGR
The Smart Windows market in the U.S. is estimated at US$1.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 12.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9% and 9.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR.
Introducing Our Exciting New Report Features for 2024
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Free access to our digital archives & "MarketGlass" research platform. Our proprietary MarketGlass platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. Our state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
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What to Expect from the Global Economy in 2024
Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.
Select Competitors (Total 77 Featured) -
- Eastman Chemical Company
- AGC Inc.
- Innovative Glass Corporation
- Apogee Enterprises, Inc.
- BMC Stock Holdings, Inc.
- Deceuninck NV
- China Glass Holdings Ltd.
- EControl-Glas GmbH & Co. KG
- Heliotrope Technologies
- Atrium Windows and Doors, Inc.
- ChromoGenics AB
- Inwido AB
- Brite Hellas S.A.
- eLiteERP
- Industrial Technology Research Institute (ITRI)
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Smart Windows - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Global Economic Update
- Smart Windows: A Prelude
- Smart Glass: A Growing Area of Interest
- Types of Smart Windows
- Market Outlook
- Growth Drivers in a Nutshell
- Key Growth Restraints
- Suspended particle device (SPD) Glass Accounts for Major Share
- Developed Markets Dominate, while Developing Markets Drive Growth
- China: A Fast Growing Market for Smart Windows
- High Costs: A Major Issue
- Competition
- Market Witnesses Rising Investments and Increasing Patent Activity
- Leading Smart Glass Windows Startups
- Noteworthy Smart Window Solutions Worldwide: Brief Details of Product and Key Features
- Research & Development: Need of the Hour to expand Market Adoption
- Recent Market Activity
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- Myriad Benefits Offered by Smart Glass Windows Drive Widespread Adoption in Architectural Applications
- List of Exterior, Interior, and Projection Applications of Smart Glass in the Architectural Sector
- Smart Windows Offers Several Benefits to Building Owners
- Growing Concerns with Regard to Energy Loss Drive Demand for Switchable Smart Glass in Varied Applications
- Aesthetics: The Fundamental Factor behind the Huge Popularity of Smart Windows
- Implementation of Smart Buildings and Smart Cities Boosts Prospects
- Global Market for Smart City Technologies in US$ Million for the Years 2019 and 2025
- Recovery in Construction Sector to Boost Growth
- Transportation: An Important Market for Smart Windows
- Focus on Energy Efficiency, Better Fuel Economy, and Improved Vehicle Designs Drive Robust Demand
- Self-Cleaning and Self-Repairing Applications Gain Momentum
- Global Automotive Smart Glass Market by Technology (2015 & 2025): Percentage Breakdown of Revenues for Active Self-Dimming Windows, Device-Embedded Glass, Smart Mirrors, and Others
- Self-Tinting in Automobile Windows : An Insight
- Lightweight Smart Glass: First-Choice Materials in Connected Cars
- Smart Windows Seek Opportunities in Self-Driving Cars
- Global Autonomous-Ready Vehicles Net Additions in Thousands: 2019 and 2024
- Recovery in Automobiles Production: An Important Opportunity Indicator
- Proliferation of Electric Vehicles to Help Smart Glass Find Mainstream Adoption
- Spiraling Electricity Usage and Resulting Energy Costs Spur Demand for Automatic Tinting Windows in the Building Sector
- Smart Windows in Aircrafts Enable Efficient Management of Light and Glare
- Growing Focus on Enhancing Consumer Experience at Airports to Drive Smart Window Installations
- Smart Glass for Smart Yachts: A Potential Growth Avenue
- Superior Attributes of Active Smart Glass Promote Higher Growth than Passive Types
- Comparison of Active Smart Glass Technologies
- Electrochromics and SPD: Leading Smart Glass Technologies
- PDLC Active Smart Glass: An Alternative to PDLC Active Smart Glass Penetration Marred by Limited Capabilities
- Smart Glass Innovation and Advancements
- Nanotechnology Brings Hope to Help Buildings See Green through Smart Windows
- Water-Repellant & Ventilation Options
- Smart Window with Potential to Regulate & Harness Solar Energy for Energy-Efficient Buildings
- Near-UV Light Absorbing Smart Windows
- Innovative Smart Glass Solutions that Substitute Electronic Window Shades
- Triboelectrics-Powered Smart Windows
- Electricity-Free Smart Window
- Smart Windows with Wide-angle Antireflection and Broadband Functionalities
- Wi-Fi Compatible Smart Windows
- Novel Smart Window Technology to Control Light and Heat Flow
- Microgels to Replace Hydrogels in Smart Windows
- Mobile App for Tinting Windows through Smartphones
- Universal Smart Window Coating
- Dye Sensitized Solar Cell (DSSC) Integrated Smart Window
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Recent Past, Current & Future Analysis for Smart Windows by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 2: World 7-Year Perspective for Smart Windows by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
- TABLE 3: World Recent Past, Current & Future Analysis for Suspended Particle Devices (SPD) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 4: World 7-Year Perspective for Suspended Particle Devices (SPD) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 5: World Recent Past, Current & Future Analysis for Electrochromic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 6: World 7-Year Perspective for Electrochromic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 7: World Recent Past, Current & Future Analysis for Polymer Dispersed Liquid Crystal (PDLC) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 8: World 7-Year Perspective for Polymer Dispersed Liquid Crystal (PDLC) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 9: World Recent Past, Current & Future Analysis for Other Technologies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 10: World 7-Year Perspective for Other Technologies by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 11: World Smart Windows Market Analysis of Annual Sales in US$ Thousand for Years 2020 through 2030
III. MARKET ANALYSIS
- UNITED STATES
- Smart Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
- TABLE 12: USA Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 13: USA 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2024 & 2030
- CANADA
- TABLE 14: Canada Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 15: Canada 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2024 & 2030
- JAPAN
- Smart Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
- TABLE 16: Japan Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 17: Japan 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2024 & 2030
- CHINA
- Smart Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
- TABLE 18: China Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 19: China 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2024 & 2030
- EUROPE
- Smart Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
- TABLE 20: Europe Recent Past, Current & Future Analysis for Smart Windows by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 21: Europe 7-Year Perspective for Smart Windows by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030
- TABLE 22: Europe Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 23: Europe 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2024 & 2030
- FRANCE
- Smart Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
- TABLE 24: France Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 25: France 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2024 & 2030
- GERMANY
- Smart Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
- TABLE 26: Germany Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 27: Germany 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2024 & 2030
- ITALY
- TABLE 28: Italy Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 29: Italy 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2024 & 2030
- UNITED KINGDOM
- Smart Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
- TABLE 30: UK Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 31: UK 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2024 & 2030
- REST OF EUROPE
- TABLE 32: Rest of Europe Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 33: Rest of Europe 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2024 & 2030
- ASIA-PACIFIC
- Smart Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
- TABLE 34: Asia-Pacific Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 35: Asia-Pacific 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2024 & 2030
- REST OF WORLD
- TABLE 36: Rest of World Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 37: Rest of World 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2024 & 2030
IV. COMPETITION
