With increasing focus of consumers towards fuel efficient transportation, demand for smart windows is expected to rev up in the automotive industry globally. In addition, increasing demand for green building is expected to impact growth of the global smart windows market positively. Transparency Market Research projects that the global smart window market is expected to register a healthy growth over the forecast period, 2012-2018.
Growth of the global smart windows market is expected to be bound by various micro-economic and macro-economic factors. Market players operating in the global smart windows market are likely to generate significant revenues throughout the forecast period. Increasing demand for green building is expected to rev up demand for smart windows in the global market. Moreover, growing focus on efficient transportation is further expected to impact growth of the global market positively. Attributed to these factors, demand for the active smart windows is expected to increase significantly during the forecast period. The active smart windows offer benefits of convenience, privacy, and energy conversation to the end users. These factors are expected to rev up demand for the smart windows in the global market.
Recent trends suggest that the manufacturers are mainly focusing on developing smart windows that have self-cleaning features. Various organizations in the commercial industry witness significant adoption of smart windows with self-cleaning features, as it reduces the labor cost. The self-cleaning smart windows are also expected to witness significant demand in the residential industry.
Manufacturers are increasingly integrating enhanced technology for smart window, which is expected to underscore lucrative growth opportunities for various market players in the global market. UV rays can significantly damage and fade the furniture inside the house. Adoption of the smart window technology is expected to rev up among the manufacturers in order to block the harmful UV rays.
Besides the self-adhesive smart glass, the manufacturers are also increasingly offering switchable glass windows, which protects the building from UV rays, and can further be used as a projection screen. Demand for the smart windows will continue to increase as they are covered with the window film. These factors are likely to impact growth of the global smart window market during the forecast period. Moreover, growing middle class population in the emerging countries will continue to boost demand for the smart windows. Attributed to these factors, growth of the global smart window market is expected to impact growth of the global market positively.
Segmentation Analysis: The global smart windows market is segmented on the basis of technology as passive smart window technology, photochromic smart window, active on-demand smart window technology, and thermochromic smart window. On the basis of region, the global smart window market is expected to be segmented as Rest of the World, Asia Pacific, and North America.
Market Players: Leading market players operating in the global smart windows market include Citala, Chromogenics, Beijing All Brilliant, Asahi Glass, Commonwealth, Chiefway, DuPont, Corning, Gentex, Garware, Guardian Industries, GlasNovations, Mitsubishi, Johnson Laminations, Sage, Polytron, Schott, Saint-Gobain, Smart Glass, Sekisui, Sekisui, Toray Plastics, Solutia (Eastman Chemicals), US e-Chromics, Switch Materials, Ravenbrick, US e-Chromics, and Zeledyne.
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