Dynamic windows and high-tech insulation are poised to gain a US$829 million foothold in the world construction market by 2020, says Lux Research.
Dynamic windows and high-tech insulation are poised to gain a US$829 million foothold in the world construction market by 2020, says Lux Research.
Green buildings are already the construction industry’s highest growth sector. This is part of a broader shift towards more energy efficient construction that is driving demand for efficiency improvements in the windows, walls, roofs, and foundation that collectively comprise the so-called thermal envelope. Although incumbent solutions will continue to dominate the market, a handful of emerging technologies – including dynamic smart windows and advanced insulation – will build from a negligible commercial market today into a US$829 million market in 2020, according to a new report from Lux Research.
The report, titled “Opening the Thermal Envelope: Emerging Innovation in Dynamic Windows and Advanced Insulation,” forecasts that dynamic windows – which can switch from a clear to a darkened state to provide shading from the sun – will represent a US$418 million market by 2020.
Meanwhile, emerging insulation technologies like aerogels and phase-change materials will find small but profitable niches in the thermal envelope, with 2020 market sizes of US$230 million and US$130 million, respectively. Vacuum insulation panels will struggle with usability and high costs, and reach just US$50 million in the building sector in 2020.
“Dynamic windows and advanced insulation have reached a level of maturity and scale that make them inviting alternatives, even for the normally conservative and price-conscious construction industry,” said Murray McCutcheon, a Lux Analyst and lead author of the report. “Dynamic windows, for instance, will gain footing now through public sector installations; this initial prove-out will create the volume to drive costs down further and fuel adoption by the commercial sector past 2016.”
The report also finds that:
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