Recommended
More Related Content
Similar to PicoworX Market Analysis
Similar to PicoworX Market Analysis (20)
Recently uploaded
Recently uploaded (20)
PicoworX Market Analysis
- 2. Who is PicoworX? Dual Band Concept Control Heat Penetration Control Light Penetration Introducing a feasible technology which can adjust the aggregate thermal conductivity of glass A high-tech company developing novel high-efficiency tech solutions for energy efficient glass
- 3. Market Size Global Energy Efficient Glass $25.11 billion in 2018 $32.02 billion by 2023 Increased concerns about CO2 emissions are motivating the expansion of the market The United States and Europe dominate the market Asia Pacific expected to experience highest growth rate over next few years Attributed to growth in disposable income and rise in urbanization | |
- 4. Electrochromic Manually adjust dimness/level of transparency Thermochromic Dims upon level of heat contact 3 Forms of Energy Efficient Glass on the Market Low E Glass Passively minimizes amount of heat energy that passes through
- 5. Smart Glass Market Is Growing At A Fast Rate Global market for smart glass is expected to grow 15.2% by 2025. Thermochromic dominates the market, but Electrochromic technology will expand 25+% over the next 3 years due to IoT compatibility.
- 7. So What Is The Problem? Management of thermal flow within buildings is subpar - Low - E glass - Thermochromic glass - Electrochromic glass Rising carbon emissions - Raises issues within construction and architectural Large Structures moving away from glass construction - Lack of effective solution is costing companies with glass constructive considerable amounts of money - Current electrochromic windows are not enough industry - Attributed to climate change/global warmingSemi-active Solutions Passive Solution
- 8. Sources: dezeen, worldgbc, buildings, Shuttleworth Per the U.S. Department of Energy, 25 to 35% of energy wasted in buildings is due to inefficient windows “I think the glass industry needs to up the Game in terms of thermal performance… But I think they’re getting to the point that can’t go any further at the moment, in terms of technology.” -Ken Shuttleworth British architect
- 9. Current Smart Glass Technologies Being Used ~ $50-$100 Per Square Foot with substantial payback times
- 10. Traditional Glass ~ $10-$15 Per Square Foot
- 11. Market Players Tier 1 – Traditional Smart Glass Offerings Tier 2 – Penetration In Other Verticals Tier 3 – Emerging Companies with IoT
- 12. • Similar targets and motivation for invention • In collaboration with 3 companies (European) • Expensive (~ $100 per square foot)
- 13. • Has developed a technology—Luminescent solar concentrator (LCS)— for large-scale architectural applications. • Converts sunlight to power and at the same time turns dark to avoid solar glare • Not commercialized yet • Likely to be VERY expensive
- 14. PicoworX Value Proposition Active management of thermal conductivity of glass Allows for temperature regulation within the building Open opportunity for a “living” building sector Capable of pairing with current intelligent glass solutions on the market Scalable and cost effective
- 15. How PicoworX Will Enter The Industry • Currently working on setting IP License in place • Not looking to compete with existing glass manufacturers • Intend to collaborate and support them • Licence technology to manufacturers (Dolby/Intel) • Opportunity to get paid a licence fee for every pane of glass that uses PicoworX technology
- 16. Sweet Spot Customer Commercial Façade Consultants Engineering Consultants
- 17. SUMMARY SMART GLASS MARKET GROWTH IS PROMISING ASIA PACIFIC’S LONG TERM GROWTH MAKES THEM A GOOD TARGET PICOWORX WILL OFFER GREEN OPPORTUNITY AT A LOWER COST COLLABORATION WITH LARGE SCALE MANUFACTURERS NEED TO TARGET FAÇADE CONSULTANTS FOR THE NEXT PHASE