Smart Windows Market - Forecast(2021 - 2026)
smart Windows can dynamically regulate light transmitting properties based on weather conditions and personal preferences, thus increasing the comfort of inhabitants and improving building energy efficiency by reducing the HVAC energy use, lighting loads, and glare. Smart windows are identified with several functionalities and competences, including innovative technologies that can drive growth in the market. Nanostructured materials offer new opportunities for next generation smart window technology. Nano materials can provide enhanced coloration efficiency, faster switching kinetics and longer lifetime. The Smart Windows Market is estimated to grow at a CAGR of 4.80% during the forecast period 2018–2023. Europe is the prominent region for the Smart Windows Market and is estimated to grow at a CAGR of 40.57% during the forecast period 2018–2023. The growth in Europe can be attributed to the governmental policies towards the use of energy efficient products and robust presence of signi...