Dublin, Aug. 29, 2024 (GLOBE NEWSWIRE) -- The "Middle East and Africa Smart Window Market: Value, Revenue, Analysis, Industry, Growth, Trends, Companies, Forecast, Size, Outlook & Share :Market Forecast By Type, By Application, By Countries" report has been added to ResearchAndMarkets.com's offering.
Middle East and Africa Smart Window market revenue size is projected to grow at a CAGR of 7.2% during 2024-2030.
Middle East and Africa Smart Window Market is surging due to infrastructure modernisation needs, increased investments in commercial and residential projects, and governmental initiatives like Saudi Arabia's Vision 2030. Smart window technologies offer energy efficiency and indoor comfort, aligning with sustainability goals.
This growth presents promising opportunities for industry players and drives positive transformations across sectors. In addition to Saudi Arabia's Vision 2030, other Middle Eastern countries are also implementing similar visionary plans for economic diversification and sustainable development. These initiatives emphasize the adoption of smart technologies like smart windows to optimise energy consumption and improve indoor environments. By aligning with these national visions, the smart window market in the Middle East and Africa is poised for exponential growth, fostering innovation and driving positive socio-economic impacts across the region.
The MEA Smart Window Industry is presently witnessing growth fueled by several factors, with significant investments being a key driver, particularly in GCC economies due to infrastructure development initiatives. Notably, ongoing projects in Saudi Arabia, such as the Jeddah central project comprising 17,000 housing units and 2,700 hotel rooms, alongside the redevelopment of Masar Makkah spanning 1.2 million sq. ft., are poised to escalate demand for smart technologies like smart windows in the foreseeable future.
Furthermore, Egypt experienced a surge in investments from GCC nationals in residential property purchases in 2022, a trend expected to continue in the coming years. These investments, coupled with construction activities in residential and commercial sectors and the progression of mega projects, are anticipated to drive the demand for smart windows in the region.
Market Segmentation by Type
On the basis of type, the market is categorized into Electrochromic, Photochromic, PDLC and Others. Among these, electrochromic category has attained the largest segment in the market and it will continue to dominate the market in the years to come due to its rising demand in the MEA countries.
Market Segmentation by Application
By application, the market is segmented into Buildings, Automotive & Transportation and Others. The demand for buildings has been rising the most which is the reason behind the rise of this segment in the market.
Market Segmentation by Country
In terms of countries, the Smart Window Market in the Middle East and Africa is divided into Saudi Arabia, UAE, Qatar, Egypt, South Africa, Kenya, Jordan, Oman, Turkey, Lebanon, Nigeria, Bahrain and Kuwait. Among these countries, the UAE has come out as the leading country since the demand for windows has been growing the most in this country.
Key Attractiveness of the Report
- 10 Years Market Numbers.
- Historical Data Starting from 2020 to 2023.
- Base Year: 2023
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Middle East and Africa Smart Window Market Overview
- Middle East and Africa Smart Window Market Outlook
- Middle East and Africa Smart Window Market Forecast
- Historical Data and Forecast of Middle East and Africa Smart Window Market Revenues for the Period 2020-2030F
- Historical Data and Forecast of Middle East and Africa Smart Window Market Revenues, By Type for the Period 2020-2030F
- Historical Data and Forecast of Middle East and Africa Smart Window Market Revenues, By Application for the Period 2020-2030F
- Historical Data and Forecast of Middle East and Africa Smart Window Market Revenues, By Country for the Period 2020-2030F
- Market Drivers and Restraints
- Market Trends
- Middle East and Africa Smart Window Market- Porter's Five Forces
- Market Opportunity Assessment
- Company Revenue Ranking
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
MEA Smart Window Market Competitive Landscape
- MEA Smart Window Market Revenue Ranking, By Companies,
- MEA Smart Window Market Competitive Benchmarking, By Operating Parameters
Company Profiles
- Eastman Performance Films, LLC.
- Armolan Window Films
- Smart Tint Arabia
- Gauzy Ltd.
- SunProtech
- SolarGard
- Klingshield
- Alrama Films
- Johnson Window Films
- Exodus Window Film W.L.L
- View Inc
- SAGE ELECTROCHROMICS, INC
- HALIO, Inc.
Market Scope and Segmentation
By Type
- Electrochromic
- Photochromic
- PDLC
- Others (SPD, Thermochromic etc)
By Application
- Buildings
- Automotive & Transportation
- Others
By Countries
- Saudi Arabia
- UAE
- South Africa
- Egypt
- Kenya
- Jordan
- Oman
- Turkey
- Lebanon
- Nigeria
- Qatar
- Bahrain
- Kuwait
For more information about this report visit https://www.researchandmarkets.com/r/7712im
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