Smart Glass and Window- an Interesting Technology and Trend of Its Market in This Competitive World

Smart glass and window is made up of special glass which changes light transmittance properties across a spectrum. The characteristics of these glasses can be varied depending on the ambient conditions with the help of heat voltage or light applied as per needs of the occupants. With increasing technological advancement, these glasses ensure user comfort, energy effectiveness, proper fuel consumption and blockage of harmful radiation among others.

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Smart Glass and Window Market was valued at US$2.2 bn in 2014 and is expected to exceed US$6 bn by 2021, at a CAGR of 14.7%, from 2015 to 2021.

The smart glass and window market is primarily driven by growing surge for efficient consumption of energy in buildings. Smart glasses reduce costs for air conditioning, lighting and heating among others and also block UV light. Moreover, these glasses are fuel efficient and have low carbon emissivity and hence are largely incorporated in personal vehicles. Furthermore, increasing demand from developing countries and new technological advancement are likely to create growth opportunity for the global smart glass and window market in the future. However, prices of smart glasses are approximately double as compared to conventional glasses. Hence the use of smart windows is mostly limited to rich commercial and corporate buildings. With decrease in price of electrochromic materials used in smart windows, the costs of these glasses are expected to drop down in the future.

Smart glass and window market, by technology: The market is broadly classified on the   basis of technology into:


> Polymer Dispersed Liquid Crystals (PDLC)
> Suspended Particle Device (SPD)
> Electrochromic
> Others (Micro blinds and nano crystals)


> Passive Photochromic
> Passive Thermochromic

Active smart glass and window held the largest share of the...