Usually
built with special materials, smart windows and glasses can alter
light transmittance characteristics throughout a particular spectrum.
Most of the characteristics of a smart glass or window can be changed
depending on various external factors, including ambient conditions
and air pressure. The technology makes use of heat or voltage changes
and can also allow user inputs that help ensure the required amount
of light passes through the glass.
The
global
smart glass and window market is projected to rise at an
optimistic 14.70% CAGR from 2015 to 2021. The global smart glass and
window market is expected to reach US$6 bn in 2021, after being
evaluated at US$2.2 bn at the end of 2014. As for the companies,
nearly 80% of the global smart glass and window market is taken up by
the top players. This list includes Japan’s Hitachi Chemical Co.,
Ltd., and Asahi Glass, Co., Ltd., the French Compagnie de
Saint-Gobain S.A., and the U.S’s Pleotint LLC, View, Inc., Research
Frontiers, Inc.
Growing
Acknowledgement of Benefits Propels Demand for Smart Glass and
Windows
A
growing number of homeowners, business managers, and construction
companies are beginning to see the advantages of installing smart
glass and windows. It allows them to save energy, maintain privacy,
and block incoming harmful radiations. Homes and businesses are
particularly inclined towards the global smart glass and window
market due to the large-scale energy savings that can be made with
optimum utilization of smart glass. Besides these, the global smart
glass and window market is massively bolstered by the heavy demand
from the global automotive industry. Smart glass and windows bring
about higher fuel efficiency in automotive design, since they
drastically reduce the need for air conditioning units and thus
reduce the amount of fuel burnt in a vehicle’s engine. The
automotive industry was the largest applications segment of the
global smart glass and window market in 2014.
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Modern
innovations in the global smart glass and window market have helped
key players build smart windows that possess quick switch features
for instantly blocking UV light. Most consumers today prefer smart
glass and windows over conventional plain and tinted glass. Another
critical characteristic of a smart glass is the rapid reduction in
heat formation inside a structure or a car, allowing for a fire to
dissipate quicker.
Active
Smart Glasses Lead Global Smart Glass and Window Market
In
terms of technology, the global smart glass and window market is
segmented in terms of two types: passive and active. Of these, the
global smart glass and window market in 2014 was led by active smart
glass, which held more than 80% of the global smart glass and window
market at the time. Active glasses are extremely easy to use and have
a short response time when it comes to changing the tint quality on
the glass. Passive smart glasses are used where human intervention is
not required. The largest application segment of passive smart
glasses in 2014 was the agriculture sector.
The
smart glass and window market finds a larger scope of use in North
America and Europe, while other regions such as Asia Pacific are
catching up. More than 30% of the revenue accrued by the global smart
glass and window market was attributed to sales in the North America
region in 2014.
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