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Construction applications to propel Smart Glass Market demand through 2026

Author : Ravi Chawat | Published Date : 2020-10-06 

Global smart glass market is gaining significant traction on account of surging need for energy saving in high-end residential spaces and commercial offices. With a growing focus over sustainable development, an increasing number of people are now opting for user-controlled windows in buildings. Smart glass manufacturers are actively investing in R&D to cut production costs with the implementation of newer technologies and low-cost raw materials.

Global Market Insights, Inc., predicts that global smart glass market size will hit over US$2.23 billion by 2026, with robust demand across construction, electronics, and transportation applications. Smart glass is typically used in building and automobile windows to reduce sunlight and glare and provide added comfort and privacy. Active smart glass regulates the incoming sunlight via user-controlled electric simulation. On the other hand, passive smart glass controls sunlight using material properties.

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Considering the applications, construction sector holds more than 60% revenue share in smart glass market. Smart glass is prominently used in commercial infrastructure such as offices, conference rooms, space partitions, hotels, bathrooms, windows, and skylights. Prolonged exposure to sunlight can cause discomfort to the occupants, resulting in reduced productivity. Furthermore, greater sun glare leads to higher use of air conditioners, resulting in increased energy consumption and related costs.

Smart glass can help considerably reduce energy consumption and result in up to 43% annual savings on electricity bill. Apart from the construction sector, the product is rapidly gaining prominence in the transportation sector, mainly in automobile, aviation, and marine applications.

Active smart glass technologies can be segmented into electrochromic, PDLC, SPD, and others. Electrochromic smart glass segment accounts for more than 45% revenue share. This can be attributed to its lower per square meter cost. But slower response time compared to other technologies restricts its use to exterior applications.

Meanwhile, PDLC-based smart glass will witness adoption in both interior as well as exterior applications on account of faster response time and lower power consumption. Passive smart glass technologies are classified into thermochromic, photochromic, and other technologies.

Smart glass is poised to experience lucrative deployment in North America, Europe and the Middle East. This can be largely associated with the growing need to control sun glare and light for added privacy in residential establishments and commercial offices. In developed regions like North America and Europe, the construction sector is increasingly focusing on the development of LEED-certified energy efficient infrastructure.

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In the Middle East, smart glass-covered commercial buildings are rapidly gaining popularity. Considering the regional climate, the implementation of smart glass will certainly be a necessity in future infrastructure projects, particularly in Saudi Arabia and UAE. Additionally, the integration of IoT into smart glass will complement the industry outlook.

In Asia Pacific, the demand for smart glass technologies will be accelerated by increasing investment in residential and commercial infrastructure development. The regional construction sector is actively implementing security and luxury amenities into buildings which will foster the regional growth in the near future.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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