Advanced Glazing Systems Market Revenue Expected to Double
The advanced glazing systems market generates around $550 million in revenues annually; this number is expected to double by 2015, according to a new report on energy-efficient building materials from NanoMarkets. The entire advanced glazing systems market could be worth as much as $5.8 billion by 2017.
The market is being driven by energy cost reduction and improved efficiencies. In addition, mandates for zero-energy buildings cannot be easily achieved without improved glazing technologies. According to the study, necessary improvements for glazing systems will come from both additional functionality and new materials.
Adding functionality to glazing systems is expected to continue generating new business revenues. Dynamic glazing is already replacing older window films and currently accounts for more than $0.5 billion in annual sales. The integration of advanced glazing systems with lighting management systems is a near-term opportunity; NanoMarkets reportedly believes that, within a few years, window-integrated photovoltaics (and perhaps lighting) will become part of the mix.
For additional information, visit www.nanomarkets.net.