Smart Windows market to reach $5814 million by 2020 Smart Windows market | Page 9

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KEY MARKET INSIGHTS
The global smart windows market has been analyzed by technology types like SPD, thermochromic,
photochromic, self-cleaning windows and PDLC. It has also been segmented by passive and activeon-demand product types. Thin films market and transparent conductor oxides were also covered in
the report to give an additional analysis into the value chain of the smart windows market.
 The global smart windows market is expected to increase from around $2.2bn in 2013
to around $6.5bn in 2018.
 SPD and LC type smart glass products are the top 2 revenue generators for the global
smart windows market.
 Thermochromic windows are the fastest growing product segment with a CAGR of 38%
during 2015 – 2020.
 Design advantages, energy cost savings, increased production from OEMs and adoption
of dynamic glazing are they key growth drivers of the market.
 Need for increased market knowledge on product advantages to the customers and
higher cost of smart glass compared to normal glass are the major hurdles for the
market.