Smart windows startup, View, gets $100M megafunding. Smart Windows Market Expected To Grow to More Than $5.8 Billion by 2020

Posted by MSE Supplies on Feb 17, 2017

Milpitas, CA based smart windows startup, View, gets $100M megafunding, which adds to the total funding of View to half a billion dollars so far. The smart windows that companies like View has been developing is far more expensive than traditional architectural glass but tints automatically, and is considered to be less costly in the long run.

According to IndustryARC, the global smart glass market is estimated to grow at a CAGR of 20% to reach more than $5.8 billion in revenue by 2020. But what are the driving forces for the rapid growth of the smart windows market?

Disruptive technologies are being seen right from the start of the value chain (materials) and are continuing till the smart windows manufacturers. Climate control, energy savings are the primary reasons behind the renewed interest in the global market.

Smart windows are the latest windows having smart glasses that are capable to change the properties of light when energies likes heat, light and electricity is applied. This smart window technology also known as switchable windows as it has the new glass technology that changes its state from transparent to translucent or opaque, which completely or partially blocks the sun’s radiation.

MSE Supplies is a leading global supplier of both standard and custom-made FTO, ITO or AZO substrates for smart windows development.

Dr. Selma Duhović from MIT has used the ITO and FTO substrates provided by MSE Supplies for smart glass application, and has been very satisfied with the products and services provided by MSE Supplies.

"The FTO and ITO glass slides you sent me work GREAT!"
"The substrates work really well for smart glass application."
"The experiments have gone well!"

The smart window technology can be classified as active technologies and passive technologies. The active technologies includes electrochromic smart windows that are polarized shades, micro-blind, have suspended particles and are liquid crystal devices, while passive technologies include photochromic windows and thermochromic windows. The advantage of smartglass for windows is that it saves additional costs for lighting, heating, air-conditioning along with the expense of maintain with curtains or blinds and installing. The new glass technology blocks harmful ultraviolet light and prevents fading of fabric, it also shield the building from heat and controls the sunlight.

The Smart Windows Market is driven by increasing consumer awareness towards eco-friendly building, conservation of energy and fuel.

According to IndustryARC’s report the Smart Windows Market will prove to be a great revenue generator for the companies involved with it. The Smart Windows Market can be segments on the basis of technology, application and geography. Depending on technology, the smart window technology includes two technologies one is passive technology which is classified as Passive Retrofit, Passive Thermochromic and Passive Photochromic. The other is Active-On-Demand which includes Polymer Dispersed Liquid Crystals (PDLC), Suspended Particle Device (SPD), ELECTROCHROMIC (EC) and Self-Cleaning Windows.

active smart glass types

The Smart Windows Market by application segments consists of commercial buildings, residential buildings, and aerospace, marine, automotive which further include trucks, buses, cars and trains. The smart window market by geography includes North America, Europe, Asia Pacific and Rest of the World.

There are various factors that contributes to the tremendous growth of Smart Windows Market that includes consumer awareness, increase in the population in developing countries and the market is expected to generate larger revenues and profits.

The Major Players in this Market Include