Demand for Smart Windows Could Exceed
$1 Billion in Four Years
Revenues from smart windows are expected to reach $1.0 billion by 2015
and then ramp up to $2.5 billion by 2018. Those figures are reported in
a new study titled “Next-Generation Smart Windows: Materials and Markets:
2011” by NanoMarkets, an industry analyst firm based in Glen Allen, Va.
According to the report, smart windows will provide many opportunities
for window companies, as the market “will grow to well over a billion-dollar
market by 2018, with most of those revenues coming from exterior windows
… Electrochromic smart windows are the largest revenue segment for architectural
windows and will produce over $900 million by 2018.”
NanoMarkets says there are a number of reasons that the smart windows
market will increase. These include falling prices (in part because of
expiring patents), and a broader range of dimmability at a time when energy
efficiency is paramount.
Likewise, NanoMarkets notes that smart windows “are about to get smarter.”
While today’s market is dominated by self-dimming and self-cleaning windows,
other types of smart windows are being commercialized. These include self-repairing
windows based on microencapsulation and windows that are also solar panels
during the day and blinds at night.
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