LONDON--(BUSINESS WIRE)--Technavio has announced the top four leading vendors for the global smart windows market in their latest research report. This report also lists 11 other prominent vendors that are expected to contribute to the market’s growth over the forecast period.
To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. To calculate the market size, our researchers have included the revenue generated from the sale of new smart window units globally.
“Our research report shows, smart window technology is gradually being implemented in residential buildings and researchers anticipate more smart-windows being installed in bathrooms and washrooms. Smart windows can instantly switch between different privacy settings in a washroom environment based on individual requirements,” said Soumya Mutsuddi, one of Technavio’s lead market research analysts for the construction industry. “Smart windows used in these environments help in uninterrupted flow of natural light, thus conserving energy during the daytime. They also help in keeping it warm in cold regions or during winters by controlling the heat,” Soumya added.
Smart glass used in the manufacturing of smart windows, complements sustainability efforts undertaken by the construction sector. Sustainable buildings have minimal impact on the environment and use non-polluting raw materials. These structures are energy-efficient, with lower water consumption, and reduced waste production. Well-designed buildings with perfectly designed smart windows offer a positive balance of energy, as well as provision of sufficient sunlight to reduce artificial lighting needs.
Four leading vendors in the smart windows market:
RavenBrick uses its patented thermochromic filter technology to manage solar heat gain through windows. They have a manufacturing facility in Colorado, US. RavenWindow uses a patented thermo-chromic filter directly inserted into the windows, a filter which automatically changes to a tinted state during hot conditions and manages solar heat flow during cold conditions. RavenBrick's partners include Tristar Glass, PRL Glass Systems, Prelco, and Azure International.
Research Frontiers licenses SPD, its patented light control technology, to other companies that manufacture and market products like smart windows, skylights, sunglasses and goggles, and sunroofs. Their VariGuard business unit markets and sells SPD smart products to customers for specialty uses such as the protection of artwork and light sensitive documents in museums and private collections. As of FY2014, the company reported revenues of around USD 1.6 million. They had around 180 patents worldwide, while spending almost USD 1.4 million on R&D.
SAGE, a wholly owned subsidiary of Saint-Gobain, develops electronically tintable smart glass (also called electrochromic glass, EC, dynamic glass, or smart glass) used in windows, skylights, and curtain walls. These glasses can optimize daylight and improve occupant comfort inside buildings.
In 2015, the company had over 300 US and global patents. In November 2015, SAGE partnered with MechoSystems, a provider of window shading solutions, to develop technology that offers better solar control. SAGE has also developed partnerships with multiple window and curtain wall manufacturers, glass fabricators, skylight manufacturers, building control systems providers, and glazing contractors for supplying insulating glass units.
View develops energy-saving electrochromic smart windows that can control light and heat while maintaining view and reducing glare. The company offers View Dynamic Glass. This glass can be controlled from anywhere, while it creates schedules, and tracks energy efficiency through a mobile app. View Dynamic Glass tints electronically in response to the outside world, preserving the view and keeping occupants cool. The glass can be changed into four different tints, allowing visible light to enter the premises and it prevents unwanted heat and glare.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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