The global market for Smart Windows is estimated at US$5.4 Billion in 2023 and is projected to reach US$12.0 Billion by 2030, growing at a CAGR of 12.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the smart windows market is driven by several factors. One of the primary drivers is the increasing demand for energy-efficient solutions in both residential and commercial buildings, driven by rising energy costs and stringent environmental regulations. The market is driven by favorable government regulations that recommend energy efficient heating, cooling and lighting solutions in buildings and cars. Technological advancements in materials science and nanotechnology have made smart windows more efficient and cost-effective, broadening their appeal. Additionally, the growing trend towards green buildings and sustainable architecture has significantly boosted the adoption of smart windows, as they contribute to reducing the carbon footprint of structures. Consumer preferences are also shifting towards smart home technologies that enhance convenience and comfort, further propelling the market. The trend towards embedding electronics, such as sensors, to turn auto and architectural windows into displays of infotainment content represents another significant factor benefiting market expansion. Government incentives and subsidies for energy-efficient building materials are also playing a crucial role in promoting the use of smart windows. Opportunities also exist for smart windows in the retrofit segment as majority of the windows in current buildings worldwide are not energy efficient. These factors, combined with the ongoing advancements in smart window technology, are expected to drive substantial growth in the market in the coming years.
The growth in the smart windows market is driven by several factors. One of the primary drivers is the increasing demand for energy-efficient solutions in both residential and commercial buildings, driven by rising energy costs and stringent environmental regulations. The market is driven by favorable government regulations that recommend energy efficient heating, cooling and lighting solutions in buildings and cars. Technological advancements in materials science and nanotechnology have made smart windows more efficient and cost-effective, broadening their appeal. Additionally, the growing trend towards green buildings and sustainable architecture has significantly boosted the adoption of smart windows, as they contribute to reducing the carbon footprint of structures. Consumer preferences are also shifting towards smart home technologies that enhance convenience and comfort, further propelling the market. The trend towards embedding electronics, such as sensors, to turn auto and architectural windows into displays of infotainment content represents another significant factor benefiting market expansion. Government incentives and subsidies for energy-efficient building materials are also playing a crucial role in promoting the use of smart windows. Opportunities also exist for smart windows in the retrofit segment as majority of the windows in current buildings worldwide are not energy efficient. These factors, combined with the ongoing advancements in smart window technology, are expected to drive substantial growth in the market in the coming years.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Suspended Particle Devices (SPD) Technology segment, which is expected to reach US$5.9 Billion by 2030 with a CAGR of a 9.5%. The Electrochromic Windows Technology segment is also set to grow at 17.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.6 Billion in 2023, and China, forecasted to grow at an impressive 14.5% CAGR to reach $1.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Smart Windows Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Smart Windows Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Smart Windows Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Eastman Chemical Company, AGC Inc., Innovative Glass Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
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. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- 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 Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 232 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 5.4 Billion |
| Forecasted Market Value ( USD | $ 12 Billion |
| Compound Annual Growth Rate | 12.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
