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The Asia Pacific smart window market is currently witnessing strong growth. Smart windows, or switchable windows, refer to electronically powered windows that change color when exposed to light, heat or voltage. They can adjust their opacity from transparent to opaque and are usually operated through a switch, remote or a smartphone application. They are manufactured using materials such as electrochromic, liquid crystal and suspended particle glasses. These materials regulate the amount of heat and light entering the room and thereby assist in minimizing and conserving energy in buildings. As a result, smart windows are extensively used in commercial and residential complexes and automobiles.
Significant growth in the construction industry is one of the key factors creating a positive outlook for the market. In line with this, the increasing demand for energy-efficient commercial and residential buildings has resulted in the widespread adoption of smart windows across the Asia Pacific region. Furthermore, the extensive utilization of smart windows in automobiles for maintaining the inner temperature of the vehicles is providing a thrust to the market growth. They also offer features, such as anti-glare, remote access and dynamic light emission adjustment in the vehicle. Other factors, including improvements in the existing infrastructure, along with the implementation of favorable government policies to promote the use of energy-efficient products, are anticipated to drive the market further. Looking forward, IMARC Group expects the market to continue its strong growth during 2021-2026.
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific smart window market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, technology, type and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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