Pune, Maharastra -- (SBWIRE) -- 02/08/2016 -- The analysts forecast global smart windows market to grow at a CAGR of 21.13% during the period 2016-2020. Globally, the construction industry is focusing on the augmentation of energy efficient and sustainable structures. In segments like the residential sector, commercial sector, and public infrastructure sector, smart technologies are being used for the development of smart and green buildings. Cement, brick, and granite are being replaced with glass as it offers natural insulation, environmental protection, safety, and security.
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Earlier, smart glasses were being increasingly used in the automotive and electronic industries. However, it is now gaining popularity in the construction industry. Construction companies are shifting from the adoption of conventional weather protection features to advanced energy conserving options. The two forms of smart glass, namely, active and passive glasses, are increasingly being used in the windows of commercial and residential buildings.
The report covers the present scenario and the growth prospects of the global smart windows market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of new smart window units globally.
The market is divided into the following segments based on products:
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The report, Global Smart Windows Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors – RavenBrick, Research Frontiers, SAGE Electrochromics, View
Other prominent vendors – ChromoGenics, Diamond Glass, EControl-Glas, Gesimat, GlasNovations, Heliotrope Technologies, Hitachi Chemical, Pleotint, Polytronix, Scienstry, Vista Window
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Market driver - Light control
Market challenge - High installation and manufacturing costs
Market trend - Increased use of smart windows in sustainable buildings
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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