Press Release
Press Release
According to a new report by EMR titled, ‘The United States Smart Window Market Report and Forecast 2024-2032’, the market attained a value of nearly USD 1.99 billion in 2023. The market is estimated to grow at a CAGR of 10.0% between 2024 and 2032 to reach around USD 4.77 billion by 2032.
The rising demand for dynamic glass windows that can regulate glare and light during both summer and winter is aiding the United States smart window market expansion. Smart windows, variously known as dynamic or switchable windows, are made from advanced materials like liquid crystal, electrochromic, and suspended particle glass that can change their reflective properties on the basis of external factors. Such windows can be controlled via smartphone, remote, or switch and regulate light and heat to ensure energy efficiency. They are extensively used in commercial and residential buildings and vehicles and provide benefits like optimal lighting conditions and energy conservation.
Figure: Construction Spending in the United States (USD Million)
The growing demand for dynamic glass windows that can lower light and glare during summers and maximise light during winters to improve user comfort is aiding the market. These windows can also boost energy efficiency while offering optimal lighting conditions, which makes them increasingly popular in both residential and commercial applications.
With the increasing adoption of green construction practices amid the rising trend of sustainability, the usage of photochromic smart windows that can regulate solar-induced heat entering buildings and lower the need for air conditioners is surging.
The United States market for smart window is also being driven by the increasing integration of IoT-enabled smart windows in both residential and commercial buildings. Smart windows facilitate remote control and meet the growing demand for smart building solutions. Additionally, players in the market such as Compagnie de Saint-Gobain (OTCMKTS: CODYY), among others, are expanding their reach by offering smart tinting glass technologies for infrastructure projects, further fueling the market expansion.
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The major players in the United States smart window market are RavenWindow, Gentex Corporation, e-Chromic Technologies, Inc., Innovative Glass Corp., Compagnie de Saint-Gobain, Scienstry, Inc., View, Inc., Smart Glass Technologies, LLC, and Gauzy Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Technology |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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