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Global Smart Glass Market Size 2018-2027 | Key players ArtRatio, GENTEX, Hitachi Chemical, Pleotint, Compagnie de Saint-Gobain

10-31-2019 04:33 AM CET | Media & Telecommunications

Press release from: The Insight Partners

Smart Glass Market

Smart Glass Market

The global smart glass market accounted to US$ 2.85 Bn in 2018 and is expected to grow at a CAGR of 17.2% during the forecast period 2019 – 2027, to account to US$ 11.73 Bn by 2027.

The global market for smart glass market is segmented based on the parameters such as technology, application, and geography. Based on technology, Suspended Particle Device segment dominates the smart glass market heavily, and is expected to dominate the market in the forecast period from 2019 – 2027. On the basis of application, commercial segment led the market in 2018 with a maximum market share and is expected to continue its dominance during the forecast period. Key players operating in the market are introducing attractive solutions and are partnering with the small as well as large companies which are helping them to gain customer traction.

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The major companies offering smart glass market include AGC, INC., ArtRatio S.L., Compagnie de Saint-Gobain S.A., Corning Incorporated, GENTEX Corporation, Hitachi Chemical Co., Ltd., Pleotint LLC, Polytronix, Inc., Research Frontiers Incorporated, and Smartglass International Limited among others. Several other companies are also offering these smart glasses for various end-uses which is facilitating the market to propel over the years.

The construction industry is expanding at a steady growth rate in the developed regions across the globe. While on the other hand, in the developing regions, the industry is experiencing a substantial growth rate. Investments in infrastructure construction industry is continuously growing across the globe. The major focus of investments is on the residential sectors as the global population is constantly increasing at an exponential rate, which is demanding more residential spaces. The number of new residential buildings or individual houses rose rapidly over the years in the developed as well as developing nations worldwide. The US infrastructure industry is set to continue relatively fair growth rate during the forecast period which is heavily supported by residential constructions. Similarly, Canada’s New Canada Building Plan is supporting the construction industry in the country and the same is expected to drive the industry in the coming years. The growing investments and initiatives in the residential and commercial construction in North American countries is influencing the glass manufacturers to increase their production.

This factor is boosting the market demand for smart glass in the North American residential as well as commercial constructions. Construction in European countries is also increasing slowly, demanding improved building materials. European countries namely; Spain, Italy, and Turkey are experiencing demand for increased number of residential sectors as well as commercial spaces, thereby, catalyzing the demand for smart glass. The increased demand from the builders in the countries is propelling the production lines of glass windows and doors year on year in these countries, thereby, substantially driving the market.

The report segments the global Smart Glass Market as follows:

Global Smart glass Market – By Technology
Electrochromic
Polymer Dispersed Liquid Crystal (PDLC)
Suspended Particle Device (SPD)
Thermochromic
Photochromic
Others
Global Smart glass Market – By Application
Commercial
Residential
Power Generation
Transportation
Automotive
Aerospace & Defense
Others

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Strategic Insights

Market Initiatives are referred as most adopted strategies in global smart glass market. Few of the recent market initiatives are listed below;

2019: Research Frontiers Inc. (Nasdaq: REFR) and Vision Systems launched a development program together to produce SPD-Smart light-control film used in Vision Systems’ electronically dimmable windows (EDWs). The performance and reliability of these Vision Systems’ products surpass all other products on the market, including “electrochromic” EDWs.

2018: Hitachi Chemical unveiled its plan to develop new light integrators for smaller smart glass. The company is looking for enhancing its offerings in optical plastics for smart glass by coming out with new optical integrators. Hitachi’s new product possesses the same light efficiency provided by a dichroic mirror and even in strong external light outdoors achieves high visibility. Moreover, the company sees the innovative technology as a substitute for the configuration of existing smart glass.

2017: AGC Asahi Glass, a world-leading manufacturer of glass, chemicals, and high-tech materials, and Kinestral Technologies, maker of Halio™ smart-tinting glass, today announced the creation of three joint venture companies that will sell, distribute, and service Halio to the global market. Formed to accelerate the adoption of Halio, the new ventures – Halio North America, Halio International, and Halio China – will be the exclusive sales and marketing agents for Halio smart-tinting glass in the commercial and residential housing industries.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Semiconductors, Healthcare, Manufacturing, Automotive and Defense

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