Smart Window Market (Updated Version Available)
Smart Window Market Size, Share & Trends Analysis, By Product Type (Motorized Roller Shades, Motorized Zebra Shades, and Motorized Drapery Systems), Technology (Polymer Dispersed Liquid Crystal (PDLC), Suspended Particle Device (SPD), and Electrochromic Device (ECD)), Glass Type (OLED Glass, Self-Dimming Window, and Self-Repairing), End-User (Residential, Industrial, and Commercial), By Region, Forecast Period 2023 - 2030
Report ID : RI_667905 | Date : April 2023 |
Format : 
Key Market Overview:
Smart Window Market is estimated to reach over USD 10.49 Billion by 2030 from a value of USD 4.69 Billion in 2022, growing at a CAGR of 10.59% from 2023 to 2030.
A smart window is a window that has the ability to change its optical properties, such as transparency in response to heat or light. Smart windows offer several benefits, such as energy efficiency, enhanced privacy, and improved comfort. Moreover, smart windows help to reduce heating and cooling costs by blocking or allowing sunlight as needed or provide privacy without the need for blinds or curtains. Smart windows are used in various applications, such as homes, offices, cars, and aircraft.
The increasing adoption of automation and IoT technologies in smart homes is driving the growth of smart window market. Smart windows provide occupants with enhanced comfort and convenience by adjusting the amount of natural light and privacy as needed. For instance, in August 2022, Josh.ai and Somfy collaborated to integrate their respective smart home technologies to allow homeowners to control motorized solutions using voice commands and automation. Therefore, the development of smart windows is a rapidly growing area of research and innovation, with many companies and research institutions working to improve their performance, durability, and cost-effectiveness.
Smart Window Report Coverage:
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Market Dynamics:
Driver:
Smart windows are capable of improving occupant\'s health and well-being, thereby driving the growth of smart window market. Smart windows help regulate indoor temperature and light. As a result, occupant\'s health and well-being is improved by reducing the risk of heat stress and other disorders. Moreover, increasing demand for smart home solutions is further boosting the growth of smart window market. Smart homes are easily integrated with other smart home devices, such as thermostats and lighting systems, to create a more comprehensive and intuitive home automation experience. For instance, in March 2022, SelectBlinds launched new motorized shades, powered by Eve Motion Blinds Motors with Apple HomeKit technology aimed at providing homeowners with greater convenience and control over their window coverings. Therefore, the ability to control smart home devices is providing convenience to customers, thereby driving the growth of the market.
Restraint:
Integration of smart windows with existing building management systems and control systems is quite difficult and require significant investment in new infrastructure. Smart windows have unique power requirements and communication protocols that makes installation and integration more complex. As a result, the overall cost of ownership increases that limits the adoption of smart windows in certain markets or applications. Therefore, limited adoption of smart windows due to its high installation and maintenance cost is limiting the growth of smart window market.
Opportunities:
The integration of smart windows with energy storage systems is expected to provide potential opportunities for the growth of smart window market. Smart windows integrated with energy storage systems such as batteries or capacitors, are expected to enable the windows to store energy during periods of excess sunlight and release it during periods of low sunlight. Therefore, the integration of energy storage systems with the smart home devices is expected to reduce the overall energy consumption of the building and improve the efficiency of the smart window system.
Smart Window Market Competitive Landscape:
The key market players in smart window market are adopting strategies for merger and acquisitions, product innovations to stay competitive in the market. These factors are examined to offer an insightful understanding of current market circumstances. Following are the major market players that comprise the latest market concentration–
• Inter IKEA Systems B.V.
• Springblinds
• Lutron Electronics Co. Inc.
• Somfy Systems Inc.
• Griesser AG
• Gentex Corporation
• Glasnovations Ltd.
• Heliotrope Technologies
• Pleotint
• Ravenbrick LLC
• Research Frontiers Inc.
• SAGE Electrochromics Inc.
Recent Developments:
• In January 2022, View Inc. collaborated with Nabr to reimagine the future of urban living. The aim of the collaboration is to deliver technological elegance and experience in residential settings.
• In October 2021, Coulisse and Eve Systems collaborated to launch a range of smart window covering motors that are compatible with Apples HomeKit platform.
Smart Window Market Segmentation:
By Product Type
Based on the product type, the market is trifurcated into motorized roller shades, motorized zebra shades, and motorized drapery systems. The motorized roller shades accounted for the largest revenue share in the year 2022 due to the increasing demand for home automation and the need for more convenient and automated shading solutions. Motorized roller shades are a popular type of motorized shade that are controlled using a remote control, smartphone app, or voice commands. By integrating smart window technology into motorized roller shades, building occupants adjust the amount of light entering the building to optimize energy efficiency and improve occupant comfort. For instance, in July 2020, Hunter Douglas launched PowerView+ and PowerView AC Systems to provide premium automated shades for consumers. PowerView AC consists of designer roller shades and designer screen shades and offers RF control of 120VAC. The motorized drapery systems are expected emerge as the fastest growing segment during the forecast period. Motorized drapery systems are more affordable, accessible and are suitable for both residential and commercial applications. With advancements in motorized technology, motorized drapery systems are reliable, durable and are customized to fit a wide range of window sizes and shapes. As a result, the motorized drapery systems segment is expected to continue growing during the forecast period.
By Technology
Based on the technology, the market is divided into polymer dispersed liquid crystal (PDLC), suspended particle device (SPD), and electrochromic device (ECD). The electrochromic device (ECD) accounted for the largest revenue share in the year 2022 due to several advantages offered by ECD technology. ECD technology involves applying a thin layer of electrochromic material to the surface of the window. When an electric current is applied, the material changes color to absorb or reflect light, resulting in change of color of the window. ECD smart windows offer several benefits, including the ability to adjust the level of light and improve energy efficiency by blocking out heat and UV rays. The polymer dispersed liquid crystal (PDLC) segment is expected to witness significant growth during the forecast period. PDLC technology involves embedding liquid crystal molecules in a polymer matrix, sandwiched between two layers of conductive material. The growth of this segment is attributed to its ability to switch between transparent and opaque states and offering higher energy efficiency, thereby contributing to the growth of this segment.
By Glass type
Based on the glass type, the market is segregated into OLED glass, self-dimming window, and self-repairing. Self-dimming segment dominates the global market due to its ability to offer energy efficiency to the customers. Self-dimming windows use electrochromic technology to adjust the amount of light that enters a building. Self-dimming windows reduce energy consumption in buildings by reducing the need for artificial lighting and cooling systems. For instance, in February 2023, Vision Systems showcased its customized window systems and dimmable shading solutions at the Heli-Expo 2023. The company showcased its electronically dimmable windows for helicopters using SPD and PDLC technologies. OLED glass segment is expected to register fastest CAGR growth during the forecast period. OLED glass technology provides several advantages, including high transparency, low power consumption, and flexibility. OLED glass window allows for the creation of transparent displays that are used in a variety of applications, including advertising, interior design, and architecture.
By End-User
Based on the end-user, the market is segmented into residential, industrial, and commercial. Commercial segment dominates the smart window market due to the high demand for energy-efficient and sustainable building solutions in commercial buildings such as office buildings, hotels, retail stores, and hospitals. Smart windows help corporate offices and large buildings to save energy, reduce operating costs, and improve the indoor environment for their occupants. Smart windows are also used for advertising and branding purposes, as they display digital content such as logos, images, and videos. The residential sector is expected to witness robust growth during the forecast period. The advancements in smart window technology have made them more affordable and accessible to homeowners. Smart windows help homeowners to save energy, and lower their electricity bills by reducing the need for artificial lighting and cooling systems. Therefore, increasing awareness among homeowners of the benefits of energy-efficient and sustainable building solutions is driving the growth of this segment.
By Region:
Europe dominates the smart window market and accounts for the largest revenue share in the year 2022. The European Union has set ambitious targets for reducing energy consumption and greenhouse gas emissions in buildings, leading to increased demand for energy-efficient and sustainable building solutions, including smart windows. Moreover, many leading manufacturers of smart windows such as SageGlass, AGC Glass Europe and ChromoGenics are based in Europe, that are actively developing new materials and technologies for smart windows.
Asia-Pacific is anticipated to witness fastest CAGR growth during the forecast period due to the increasing demand for energy-efficient and sustainable building solutions. The region has a large and rapidly growing construction industry that is adopting smart windows as a way to reduce energy consumption and improve the indoor environment for building occupants. Countries in the Asia-Pacific region such as China, Japan, and South Korea invested heavily in research and development of smart window technology, contributing to the growth of the regional market.
Smart Window Market is estimated to reach over USD 10.49 Billion by 2030 from a value of USD 4.69 Billion in 2022, growing at a CAGR of 10.59% from 2023 to 2030.
A smart window is a window that has the ability to change its optical properties, such as transparency in response to heat or light. Smart windows offer several benefits, such as energy efficiency, enhanced privacy, and improved comfort. Moreover, smart windows help to reduce heating and cooling costs by blocking or allowing sunlight as needed or provide privacy without the need for blinds or curtains. Smart windows are used in various applications, such as homes, offices, cars, and aircraft.
The increasing adoption of automation and IoT technologies in smart homes is driving the growth of smart window market. Smart windows provide occupants with enhanced comfort and convenience by adjusting the amount of natural light and privacy as needed. For instance, in August 2022, Josh.ai and Somfy collaborated to integrate their respective smart home technologies to allow homeowners to control motorized solutions using voice commands and automation. Therefore, the development of smart windows is a rapidly growing area of research and innovation, with many companies and research institutions working to improve their performance, durability, and cost-effectiveness.
Smart Window Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Billion) | USD 10.49 Billion |
| CAGR (2023-2030) | 10.59 % |
| Base Year | 2022 |
| By Product Type | Motorized Roller Shades, Motorized Zebra Shades, and Motorized Drapery Systems |
| By Technology | Polymer Dispersed Liquid Crystal (PDLC), Suspended Particle Device (SPD), and Electrochromic Device (ECD) |
| By Glass Type | OLED Glass, Self-Dimming Window, and Self-Repairing |
| By End-User | Residential, Industrial, and Commercial |
| By Geography |
|
| Key Players | Inter IKEA Systems B.V., Springblinds, Lutron Electronics Co. Inc., Somfy Systems Inc., Griesser AG, Gentex Corporation, Glasnovations Ltd., Heliotrope Technologies, Pleotint, Ravenbrick LLC, Research Frontiers Inc., SAGE Electrochromics Inc. |
Market Dynamics:
Driver:
Smart windows are capable of improving occupant\'s health and well-being, thereby driving the growth of smart window market. Smart windows help regulate indoor temperature and light. As a result, occupant\'s health and well-being is improved by reducing the risk of heat stress and other disorders. Moreover, increasing demand for smart home solutions is further boosting the growth of smart window market. Smart homes are easily integrated with other smart home devices, such as thermostats and lighting systems, to create a more comprehensive and intuitive home automation experience. For instance, in March 2022, SelectBlinds launched new motorized shades, powered by Eve Motion Blinds Motors with Apple HomeKit technology aimed at providing homeowners with greater convenience and control over their window coverings. Therefore, the ability to control smart home devices is providing convenience to customers, thereby driving the growth of the market.
Restraint:
Integration of smart windows with existing building management systems and control systems is quite difficult and require significant investment in new infrastructure. Smart windows have unique power requirements and communication protocols that makes installation and integration more complex. As a result, the overall cost of ownership increases that limits the adoption of smart windows in certain markets or applications. Therefore, limited adoption of smart windows due to its high installation and maintenance cost is limiting the growth of smart window market.
Opportunities:
The integration of smart windows with energy storage systems is expected to provide potential opportunities for the growth of smart window market. Smart windows integrated with energy storage systems such as batteries or capacitors, are expected to enable the windows to store energy during periods of excess sunlight and release it during periods of low sunlight. Therefore, the integration of energy storage systems with the smart home devices is expected to reduce the overall energy consumption of the building and improve the efficiency of the smart window system.
Smart Window Market Competitive Landscape:
The key market players in smart window market are adopting strategies for merger and acquisitions, product innovations to stay competitive in the market. These factors are examined to offer an insightful understanding of current market circumstances. Following are the major market players that comprise the latest market concentration–
• Inter IKEA Systems B.V.
• Springblinds
• Lutron Electronics Co. Inc.
• Somfy Systems Inc.
• Griesser AG
• Gentex Corporation
• Glasnovations Ltd.
• Heliotrope Technologies
• Pleotint
• Ravenbrick LLC
• Research Frontiers Inc.
• SAGE Electrochromics Inc.
Recent Developments:
• In January 2022, View Inc. collaborated with Nabr to reimagine the future of urban living. The aim of the collaboration is to deliver technological elegance and experience in residential settings.
• In October 2021, Coulisse and Eve Systems collaborated to launch a range of smart window covering motors that are compatible with Apples HomeKit platform.
Smart Window Market Segmentation:
By Product Type
Based on the product type, the market is trifurcated into motorized roller shades, motorized zebra shades, and motorized drapery systems. The motorized roller shades accounted for the largest revenue share in the year 2022 due to the increasing demand for home automation and the need for more convenient and automated shading solutions. Motorized roller shades are a popular type of motorized shade that are controlled using a remote control, smartphone app, or voice commands. By integrating smart window technology into motorized roller shades, building occupants adjust the amount of light entering the building to optimize energy efficiency and improve occupant comfort. For instance, in July 2020, Hunter Douglas launched PowerView+ and PowerView AC Systems to provide premium automated shades for consumers. PowerView AC consists of designer roller shades and designer screen shades and offers RF control of 120VAC. The motorized drapery systems are expected emerge as the fastest growing segment during the forecast period. Motorized drapery systems are more affordable, accessible and are suitable for both residential and commercial applications. With advancements in motorized technology, motorized drapery systems are reliable, durable and are customized to fit a wide range of window sizes and shapes. As a result, the motorized drapery systems segment is expected to continue growing during the forecast period.
By Technology
Based on the technology, the market is divided into polymer dispersed liquid crystal (PDLC), suspended particle device (SPD), and electrochromic device (ECD). The electrochromic device (ECD) accounted for the largest revenue share in the year 2022 due to several advantages offered by ECD technology. ECD technology involves applying a thin layer of electrochromic material to the surface of the window. When an electric current is applied, the material changes color to absorb or reflect light, resulting in change of color of the window. ECD smart windows offer several benefits, including the ability to adjust the level of light and improve energy efficiency by blocking out heat and UV rays. The polymer dispersed liquid crystal (PDLC) segment is expected to witness significant growth during the forecast period. PDLC technology involves embedding liquid crystal molecules in a polymer matrix, sandwiched between two layers of conductive material. The growth of this segment is attributed to its ability to switch between transparent and opaque states and offering higher energy efficiency, thereby contributing to the growth of this segment.
By Glass type
Based on the glass type, the market is segregated into OLED glass, self-dimming window, and self-repairing. Self-dimming segment dominates the global market due to its ability to offer energy efficiency to the customers. Self-dimming windows use electrochromic technology to adjust the amount of light that enters a building. Self-dimming windows reduce energy consumption in buildings by reducing the need for artificial lighting and cooling systems. For instance, in February 2023, Vision Systems showcased its customized window systems and dimmable shading solutions at the Heli-Expo 2023. The company showcased its electronically dimmable windows for helicopters using SPD and PDLC technologies. OLED glass segment is expected to register fastest CAGR growth during the forecast period. OLED glass technology provides several advantages, including high transparency, low power consumption, and flexibility. OLED glass window allows for the creation of transparent displays that are used in a variety of applications, including advertising, interior design, and architecture.
By End-User
Based on the end-user, the market is segmented into residential, industrial, and commercial. Commercial segment dominates the smart window market due to the high demand for energy-efficient and sustainable building solutions in commercial buildings such as office buildings, hotels, retail stores, and hospitals. Smart windows help corporate offices and large buildings to save energy, reduce operating costs, and improve the indoor environment for their occupants. Smart windows are also used for advertising and branding purposes, as they display digital content such as logos, images, and videos. The residential sector is expected to witness robust growth during the forecast period. The advancements in smart window technology have made them more affordable and accessible to homeowners. Smart windows help homeowners to save energy, and lower their electricity bills by reducing the need for artificial lighting and cooling systems. Therefore, increasing awareness among homeowners of the benefits of energy-efficient and sustainable building solutions is driving the growth of this segment.
By Region:
Europe dominates the smart window market and accounts for the largest revenue share in the year 2022. The European Union has set ambitious targets for reducing energy consumption and greenhouse gas emissions in buildings, leading to increased demand for energy-efficient and sustainable building solutions, including smart windows. Moreover, many leading manufacturers of smart windows such as SageGlass, AGC Glass Europe and ChromoGenics are based in Europe, that are actively developing new materials and technologies for smart windows.
Asia-Pacific is anticipated to witness fastest CAGR growth during the forecast period due to the increasing demand for energy-efficient and sustainable building solutions. The region has a large and rapidly growing construction industry that is adopting smart windows as a way to reduce energy consumption and improve the indoor environment for building occupants. Countries in the Asia-Pacific region such as China, Japan, and South Korea invested heavily in research and development of smart window technology, contributing to the growth of the regional market.
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| Multi user | : $5460 |
| Corporate user | : $7460 |
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