NanoMarkets Report Predicts Continued Growth for Smart Windows
Industry analyst firm NanoMarkets released its new report, “Worldwide Smart Windows Markets 2013-2020,” which analyzes and forecasts opportunities for smart windows in commercial real estate, residential buildings, automobiles and trucks, and aircraft and public transportation. The report also includes detailed market projections. Technology coverage of film and glass products includes: passive retrofit films, thermochromics, photochromics, PDLC, SPD and electrochromics.
NanoMarkets estimates that the market for smart windows is about $2.3 billion today and will grow to $4.7 billion by 2018 and $5.3 billion by 2020, according to a NanoMarkets press release. The research firm predicts active, smart window glass will be the fastest growing segment over the next seven years, with current sales of just over $1 billion estimated to reach $2.7 billion by 2018. Geographically, NanoMarkets sees the greatest growth opportunities for smart windows in China.