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Smart Windows Integrated with IoT Transform into a Prominent Energy Management OptionSANTA CLARA, Calif., Sept. 20, 2017 /PRNewswire/ -- With double-digit revenues predicted in the next four years, the smart windows market is booming. Revenue growth is fueled by the demand for increased comfort of occupants and annual building energy cost savings. In a highly competitive and rapidly evolving ecosystem, Internet of Things (IoT) integration, partnerships, and revamped business models will be critical to retain customer bases and market share. Frost & Sullivan's analysis, Global Smart Windows Market, Forecast to 2021, finds that the global smart window market generated revenues of $189.3 million in 2016 and is projected to reach $630.5 million by 2021, at a compound annual growth rate (CAGR) of 27.2 percent. The study includes growth forecasts, comprehensive market metrics, competitive analysis, service trends, customer sector trends, and mapping of the most attractive opportunities. "Thermochromic smart windows dominate the market, but electrochromic technology will expand at a CAGR of more than 35 percent over the next five years due to IoT compatibility," said Frost & Sullivan Energy & Environment Industry Analyst Anirudh Bhaskaran. "In the short term, partnerships with technology giants such as Google, Amazon, and Apple will see smart windows enter the connected home and smart building ecosystem." To succeed and reap high revenue returns, smart window manufacturers need to:
To access more information on this analysis, click here. Global Smart Windows Market, Forecast to 2021 is part of Frost & Sullivan's Home & Building Growth Partnership Service program. The study is segmented according to technologies, including electrochromic, thermochromic, suspended particle display (SPD), and polymer dispersed liquid crystal (PDLC). It is also segmented based on end users like residential, office (includes commercial and industrial offices), hospitality, healthcare, education, and others (retail, government, and airports). The regional scope of the study covers North America, Europe, Russia, Asia-Pacific (India, China, Japan, South Korea, Singapore, Malaysia, Australia and New Zealand), Latin America (LATAM), and the Middle East and Africa (MEA). About Frost & Sullivan Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion Global Smart Windows Market, Forecast to 2021 Contact:
View original content:http://www.prnewswire.com/news-releases/smart-windows-integrated-with-iot-transform-into-a-prominent-energy-management-option-300522901.html SOURCE Frost & Sullivan |