The smart windows market size has grown rapidly in recent years. It will grow from $5.24 billion in 2023 to $5.83 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth observed in the historical period can be attributed to several factors, including increasing regulatory initiatives promoting energy efficiency in buildings, growing awareness of environmental sustainability, rising energy costs, a heightened focus on enhancing occupant comfort and satisfaction in residential, commercial, and institutional buildings, as well as an increase in urbanization and infrastructure development.
The smart windows market size is expected to see rapid growth in the next few years. It will grow to $8.97 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing demand for smart homes and smart buildings equipped with connected devices and automation systems, a growing focus on health and well-being in building design, the rise in government incentives and regulations promoting energy efficiency and sustainability in buildings, the emergence of smart cities and sustainable urban development initiatives, and a heightened awareness of indoor air quality (IAQ). Major trends expected in the forecast period encompass advancements in the Internet of Things (IoT) and building automation technologies, the integration of artificial intelligence (AI) technologies for predictive and adaptive control, the incorporation of smart windows within broader smart home ecosystems, and the development of enhanced user interfaces and control options.
The surge in demand for smart home solutions is poised to drive the growth of the smart window market in the coming years. Smart home solutions encompass a variety of technologies and systems aimed at integrating different devices and appliances within a home to elevate convenience, comfort, security, energy efficiency, and automation. This increasing demand is fueled by consumers' preferences for enhanced convenience, energy efficiency, and security within their homes. Smart windows play a pivotal role in enhancing the functionality of smart homes by regulating natural light, managing privacy levels, optimizing energy consumption, and elevating overall comfort and convenience for residents. For example, a report published by techUK in November 2022 highlighted that 77% of UK adults are projected to own at least one connected home device, representing a 10% increase from pre-pandemic levels. Moreover, the proportion of 'advanced adopters,' owning more than three connected home devices, has also witnessed growth, underscoring the expanding market for smart home solutions and, consequently, smart windows.
Key players in the smart window market are concentrating on developing automation and connected technology enhancements such as voice-activated and app-controlled windows to augment user convenience, energy efficiency, and comfort in both residential and commercial settings. Voice and app-activated windows empower users to control window operations effortlessly using voice commands or mobile applications, offering convenience, flexibility, and improved accessibility. For instance, Marvin, a US-based manufacturer of custom-made windows and doors, introduced its new Smart Window and Door Line in February 2024. This product line integrates automation and smart technology into windows, skylights, and doors, providing automated features such as voice-activated commands for opening windows and doors, rain detection sensors, obstruction avoidance sensors, and pre-programmable settings for climate control, thereby enhancing indoor living experiences.
In February 2022, Gauzy Ltd., an Israel-based nanotechnology company specializing in smart glass, completed the acquisition of Vision Systems, a France-based company renowned for its shading solutions and smart dimmable windows. Through this strategic acquisition, Gauzy aims to expand its product portfolio, extend its global footprint, and explore new applications for its light and vision control technologies across diverse end markets, thereby strengthening its position in the smart window market.
Major companies operating in the smart windows market are Saint-Gobain S.A., AGC Inc., Gentex Corporation, Pilkington Group Limited, Hitachi Chemical Co. Ltd., View Inc., Gauzy Ltd., Halio International, SAGE Electrochromics, Kinestral Technologies Inc., Polytron Technologies Inc., Smartglass International Ltd, Heliotrope Technologies Inc., ChromoGenics AB, GlasNovations Ltd., Innovative Glass Corporation, Raven Windows Inc., Smart Windows Colorado, SPD Control Systems Corporation, Stellaris Corporation, Scienstry Inc., Smart Tint Inc., Citala Ltd., Pleotint LLC, Research Frontiers Inc.
North America was the largest region in the smart windows market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the smart windows market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the smart windows market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Smart windows represent a technologically advanced solution in the realm of building materials, offering automatic tinting or adjustment of light transmission properties based on environmental cues or user preferences. These windows play a pivotal role in promoting sustainable construction practices while enhancing occupant comfort and productivity through optimized energy utilization.
The primary categories of smart windows include organic light-emitting diode (OLED) glass, self-dimming windows, and self-repairing windows. OLED glass entails the integration of organic light-emitting diodes (OLEDs) within or onto glass panels, providing high-quality, energy-efficient lighting solutions with versatility in design and aesthetic appeal across both indoor and outdoor settings. Various technologies underpin smart window functionality, including suspended particle devices, light modulators, polymer dispersed liquid crystal devices, scanners, and electrochromic systems. These technologies find application in residential, industrial, commercial, and transportation sectors, among others.
The smart windows market research report is one of a series of new reports that provides smart windows market statistics, including smart windows industry global market size, regional shares, competitors with a smart windows market share, detailed smart windows market segments, market trends and opportunities, and any further data you may need to thrive in the smart windows industry. This smart windows market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The smart windows market consists of revenues earned by entities providing services such as installation, maintenance, support, and consulting. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart window market also includes sales of window films and retrofit solutions, electrochromic, photochromic, or thermochromic materials, control systems, sensors, and related hardware components used in the manufacturing and installation of smart window systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The smart windows market size is expected to see rapid growth in the next few years. It will grow to $8.97 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing demand for smart homes and smart buildings equipped with connected devices and automation systems, a growing focus on health and well-being in building design, the rise in government incentives and regulations promoting energy efficiency and sustainability in buildings, the emergence of smart cities and sustainable urban development initiatives, and a heightened awareness of indoor air quality (IAQ). Major trends expected in the forecast period encompass advancements in the Internet of Things (IoT) and building automation technologies, the integration of artificial intelligence (AI) technologies for predictive and adaptive control, the incorporation of smart windows within broader smart home ecosystems, and the development of enhanced user interfaces and control options.
The surge in demand for smart home solutions is poised to drive the growth of the smart window market in the coming years. Smart home solutions encompass a variety of technologies and systems aimed at integrating different devices and appliances within a home to elevate convenience, comfort, security, energy efficiency, and automation. This increasing demand is fueled by consumers' preferences for enhanced convenience, energy efficiency, and security within their homes. Smart windows play a pivotal role in enhancing the functionality of smart homes by regulating natural light, managing privacy levels, optimizing energy consumption, and elevating overall comfort and convenience for residents. For example, a report published by techUK in November 2022 highlighted that 77% of UK adults are projected to own at least one connected home device, representing a 10% increase from pre-pandemic levels. Moreover, the proportion of 'advanced adopters,' owning more than three connected home devices, has also witnessed growth, underscoring the expanding market for smart home solutions and, consequently, smart windows.
Key players in the smart window market are concentrating on developing automation and connected technology enhancements such as voice-activated and app-controlled windows to augment user convenience, energy efficiency, and comfort in both residential and commercial settings. Voice and app-activated windows empower users to control window operations effortlessly using voice commands or mobile applications, offering convenience, flexibility, and improved accessibility. For instance, Marvin, a US-based manufacturer of custom-made windows and doors, introduced its new Smart Window and Door Line in February 2024. This product line integrates automation and smart technology into windows, skylights, and doors, providing automated features such as voice-activated commands for opening windows and doors, rain detection sensors, obstruction avoidance sensors, and pre-programmable settings for climate control, thereby enhancing indoor living experiences.
In February 2022, Gauzy Ltd., an Israel-based nanotechnology company specializing in smart glass, completed the acquisition of Vision Systems, a France-based company renowned for its shading solutions and smart dimmable windows. Through this strategic acquisition, Gauzy aims to expand its product portfolio, extend its global footprint, and explore new applications for its light and vision control technologies across diverse end markets, thereby strengthening its position in the smart window market.
Major companies operating in the smart windows market are Saint-Gobain S.A., AGC Inc., Gentex Corporation, Pilkington Group Limited, Hitachi Chemical Co. Ltd., View Inc., Gauzy Ltd., Halio International, SAGE Electrochromics, Kinestral Technologies Inc., Polytron Technologies Inc., Smartglass International Ltd, Heliotrope Technologies Inc., ChromoGenics AB, GlasNovations Ltd., Innovative Glass Corporation, Raven Windows Inc., Smart Windows Colorado, SPD Control Systems Corporation, Stellaris Corporation, Scienstry Inc., Smart Tint Inc., Citala Ltd., Pleotint LLC, Research Frontiers Inc.
North America was the largest region in the smart windows market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the smart windows market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the smart windows market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Smart windows represent a technologically advanced solution in the realm of building materials, offering automatic tinting or adjustment of light transmission properties based on environmental cues or user preferences. These windows play a pivotal role in promoting sustainable construction practices while enhancing occupant comfort and productivity through optimized energy utilization.
The primary categories of smart windows include organic light-emitting diode (OLED) glass, self-dimming windows, and self-repairing windows. OLED glass entails the integration of organic light-emitting diodes (OLEDs) within or onto glass panels, providing high-quality, energy-efficient lighting solutions with versatility in design and aesthetic appeal across both indoor and outdoor settings. Various technologies underpin smart window functionality, including suspended particle devices, light modulators, polymer dispersed liquid crystal devices, scanners, and electrochromic systems. These technologies find application in residential, industrial, commercial, and transportation sectors, among others.
The smart windows market research report is one of a series of new reports that provides smart windows market statistics, including smart windows industry global market size, regional shares, competitors with a smart windows market share, detailed smart windows market segments, market trends and opportunities, and any further data you may need to thrive in the smart windows industry. This smart windows market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The smart windows market consists of revenues earned by entities providing services such as installation, maintenance, support, and consulting. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart window market also includes sales of window films and retrofit solutions, electrochromic, photochromic, or thermochromic materials, control systems, sensors, and related hardware components used in the manufacturing and installation of smart window systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Smart Windows Market Characteristics3. Smart Windows Market Trends and Strategies32. Global Smart Windows Market Competitive Benchmarking33. Global Smart Windows Market Competitive Dashboard34. Key Mergers and Acquisitions in the Smart Windows Market
4. Smart Windows Market - Macro Economic Scenario
5. Global Smart Windows Market Size and Growth
6. Smart Windows Market Segmentation
7. Smart Windows Market Regional and Country Analysis
8. Asia-Pacific Smart Windows Market
9. China Smart Windows Market
10. India Smart Windows Market
11. Japan Smart Windows Market
12. Australia Smart Windows Market
13. Indonesia Smart Windows Market
14. South Korea Smart Windows Market
15. Western Europe Smart Windows Market
16. UK Smart Windows Market
17. Germany Smart Windows Market
18. France Smart Windows Market
19. Italy Smart Windows Market
20. Spain Smart Windows Market
21. Eastern Europe Smart Windows Market
22. Russia Smart Windows Market
23. North America Smart Windows Market
24. USA Smart Windows Market
25. Canada Smart Windows Market
26. South America Smart Windows Market
27. Brazil Smart Windows Market
28. Middle East Smart Windows Market
29. Africa Smart Windows Market
30. Smart Windows Market Competitive Landscape and Company Profiles
31. Smart Windows Market Other Major and Innovative Companies
35. Smart Windows Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Smart Windows Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on smart windows market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
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- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for smart windows ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The smart windows market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Organic Light-Emitting Diode (OLED) Glass; Self-Dimming Window; Self-Repairing Windows2) by Technology: Suspended Particle Devices Light Modulator; Polymer Dispersed Liquid Crystal Devices Scanner; Electrochromic
3) by Application: Residential; Industrial; Commercial; Transport
Key Companies Mentioned: Saint-Gobain S.a.; AGC Inc.; Gentex Corporation; Pilkington Group Limited; Hitachi Chemical Co. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Saint-Gobain S.A.
- AGC Inc.
- Gentex Corporation
- Pilkington Group Limited
- Hitachi Chemical Co. Ltd.
- View Inc.
- Gauzy Ltd.
- Halio International
- SAGE Electrochromics
- Kinestral Technologies Inc.
- Polytron Technologies Inc.
- Smartglass International Ltd
- Heliotrope Technologies Inc.
- ChromoGenics AB
- GlasNovations Ltd.
- Innovative Glass Corporation
- Raven Windows Inc.
- Smart Windows Colorado
- SPD Control Systems Corporation
- Stellaris Corporation
- Scienstry Inc.
- Smart Tint Inc.
- Citala Ltd.
- Pleotint LLC
- Research Frontiers Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | July 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 5.83 Billion |
Forecasted Market Value ( USD | $ 8.97 Billion |
Compound Annual Growth Rate | 11.4% |
Regions Covered | Global |