Smart Windows Market Growth Forecast at 21.13% CAGR Driven by Light Control to 2020

Feb 10, 2016, 21:00 ET from Sandler Research

PUNE, India, February 11, 2016 /PRNewswire/ --

Global smart windows market 2016 - 2020 report analyzes the sustainability in construction that comes from not just the building structure but also the use of processes that are eco-friendly and resource-efficient throughout the building's life cycle, i.e., from siting to design, construction, operation, maintenance, renovation, and demolition. The smart glass used for smart windows complements sustainability efforts.

Complete report on smart windows market spread across 30 pages, analyzing 4 major companies and providing 10 data exhibits is now available at http://www.sandlerresearch.org/global-smart-windows-market-2016-2020.html.

The analysts forecast global smart windows market to grow at a CAGR of 21.13% during the period 2016-2020. The Global Smart Windows Market 2016-2020 says smart windows are growing in popularity because of their ability to regulate daylight. The amount of light passing through the windows can be automatically controlled using photo sensors. Smart windows block UV rays.

Smart windows help in controlling the amount of sunlight and heat entering the building. They protect the users from UV rays and also shield the furniture from fading. Smart windows also help in saving the amount of electricity required for HVAC and during the peak load time. The growing consumer awareness about these advantages of using smart windows is the primary growth driver for this market. Order a copy of Global Smart Windows Market 2016-2020 report @ http://www.sandlerresearch.org/purchase?rname=50710.

Electrically activated smart windows are expected to hold a larger market share during the forecast period as they are easy to operate and can control the amount of heat and light entering the building. Unlike environmentally activated windows, the degree of existing sunlight has no impact on the functioning of electrically activated smart windows, thereby, making them a more practical choice among users.

The global smart windows market is at a nascent stage and will offer vendors many opportunities for growth during the forecast period. Increasing awareness about the advantages of smart windows is helping the market to grow. This is also promoting competition in the market and encouraging new players to enter the market. Manufacturers are concentrating on product innovation to improve their market shares.

The key vendors analyzed in smart windows market report are RavenBrick, Research Frontiers, SAGE Electrochromics, and View. Other prominent vendors in the market include ChromoGenics, Diamond Glass, EControl-Glas, Gesimat, GlasNovations, Heliotrope Technologies, Hitachi Chemical, Pleotint, Polytronix, and Scienstry.

Further, the smart windows market report states that high installation and manufacturing costs hinders the market growth.

Another related report is Global Fire-resistant Glass Market 2016-2020 that forecasts global fire resistant glass market to grow at a CAGR of 12.96% during the period 2016-2020. One of the major drivers for the growth of the market is the booming housing industry across the globe. Rapid urbanization worldwide demands high investment in the construction of residential buildings, which leads to increased demand for fire resistant glass during the forecast period. Browse complete report @ http://www.sandlerresearch.org/global-fire-resistant-glass-market-2016-2020.html.

Key players in the global fire resistant glass market: AGC, NSG, Saint-Gobain and SCHOTT. Other prominent vendors in the market are: Pilkington, Dunamenti, Metalco Glazing, Essex Safety Glass, DB Glass, Heng Bao Fire Glass, Guangdong Mingan Fire Resistant Glass Technology, Burhani Glass Factory, and SaftiFirst.

Explore other new reports on construction market at http://www.sandlerresearch.org/market-research/construction.

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SOURCE Sandler Research