Smart glass market to reach $700M by 2020
July 18, 2012 - Also known as dimmable glass, switchable glass, or dynamic glass (or glazing), smart glass is used in windows, glass screens and partitions to provide glare, light and heat control, either automatically or through manual controls.
By Alyssa Dalton
According to Pike Research’s Smart Glass report, the market value for architectural and transportation smart glass, which stands at $84 million today, will grow to $693 million worldwide by 2020.
The report predicted that while several barriers stand in the way of the broader adoption of smart glass, the market potential is significant. “Substantial new production capacity that is due to come online during 2013 will reduce production costs and help drive greater product adoption,” it stated.
North America and Europe are forecasted to lead the market in terms of overall revenue, with especially strong growth in China.
“High-performance buildings require a level of control over energy that many of today’s automation systems are only now starting to address,” said senior analyst Eric Bloom. “Smart glass is an innovative technology that both provides building owners unprecedented control over solar heat gain and offers a visually impressive alternative to flat glass.”
Bloom predicted worldwide demand for smart glass will exceed 3 million square meters annually by 2020.
The report provides an overview of the various smart glass technologies and describes the applications best suited to smart glass in the buildings, automotive, aerospace, and marine sectors.