According
to a new study by the industry analyst firm NanoMarkets - "Smart
Windows Markets: 2014-2021" -- revenues from smart windows will
reach $766 million by 2019 and then ramp up to $1.1 billion by 2021.
Glen
Allen, Virginia (April 8, 2014) -- According to a new study by
the industry analyst firm NanoMarkets - "Smart Windows Markets:
2014-2021" -- revenues from smart windows will reach $766
million by 2019 and then ramp up to $1.1 billion by 2021. In
addition, the related - but more mature - market for smart automotive
mirrors will reach $1.4 billion in 2019.
Details
of the report are available at:
http://www.nanomarkets.net/market_reports/report/smart-windows-markets-2014-2021.
About
the report:
NanoMarkets
has been providing coverage of the smart windows market for six years
and this report brings together the latest data from NanoMarkets'
ongoing forecasts in this sector. The report provides eight-year
market forecasts in volume (square meters) and value ($ million)
terms for electrochromic, photochromic, thermochromic, SPD and PDLC
windows, along with projections for the smart auto mirror sector.
In
these forecasts, breakouts are provided for automotive (cars and
trucks), public transport, aerospace, residential construction and
commercial construction for each of the key smart windows
technologies. We also assess the latest product market strategies of
the key suppliers of smart windows. Some of the companies discussed
in this report include: 3M, Asahi Glass, BASF, Chromogenics, DuPont,
Eastman Chemical/Solutia, GE, Gentex, Guardian Industries, Hitachi,
NSG, Pleotint, PPG, Research Frontiers, Sage, Saint-Gobain,
Scienstry, Southwall, Solvay, Suntek, SWITCH Materials, Toray, US
e-Chromics, and View.
Findings
from the report:
The
smart windows sector will be dominated by active technologies over
the next decade despite their higher cost. This is because of the
ability of smart windows technologies to provide instantaneous
response to user needs as natural light conditions change. Although
passive smart windows technologies will continue to expand throughout
the forecasting period covered by the report, NanoMarkets expects
that they will never be much more than a niche.
The
report also claims that SPD and electrochromic smart windows will
find a growing role in the automotive sector. Although primarily
found in luxury cars today, NanoMarkets expects these high-tech
windows to be much more widely used in the coming decade. They are no
longer just a "cool" design feature but can lead to a
significant lowering of fuel costs through the reduction in the use
of air conditioning. Consequently, NanoMarkets believes that sales of
smart windows to the car, truck and public transport sectors will
leap from around $23 million today to $185 million by 2019.
Meanwhile,
the sales of smart windows for use in buildings will also leap
primarily because of regulations in Europe and the US requiring the
buildings to be zero net energy compliant towards. NanoMarkets
believes that smart windows will turn out to be a critical enabling
technology for zero net energy buildings not just because of their
ability to reduce cooling bills but also they can be hybridized with
photovoltaics layers which will enable them to generate energy, not
just conserve it. NanoMarkets believes that as a result smart windows
for residential construction will reach $117 million by 2019 and
sales to commercial construction were $460 million by 2019.
Electrochromic
smart windows (including glass and film) will reach $622 million by
2019 making electrochromics the largest segment of the entire smart
windows business. NanoMarkets believes this may have much to do with
the fact that this sector can boast significant investment by
influential firms such as Corning, GE and Saint-Gobain, and Seagate.
Alternatives to the electrochromic materials platform do not have the
same level of clout behind them.
About
NanoMarkets:
NanoMarkets
tracks and analyzes emerging market opportunities in energy and
electronics markets created by developments in advanced materials.
The firm has published many reports on green building materials
including smart coatings, building integrated photovoltaics (BIPV)
and OLED lighting.
Visit
http://www.nanomarkets.net
for a full listing of NanoMarkets' reports and other services.
Media
Contact:
Robert
Nolan
NanoMarkets,
LC
PO
BOX 3840
Glen
Allen, VA 23058
(804)
938-0030
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