Smart Glass Market Projected to Garner Significant Revenues By 2027

"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 2020 - 2027, to account to US$ 11.73 Bn by 2027."

APAC is considered to be the fastest growing economic region. The dominance of the region is majorly attributed to the presence of large numbers of leading smart glass manufacturers. Almost 60% of the world's population lives in the Asia Pacific region, China and India being the most populated countries. More than 2 billion people live in the urban areas. Owing to these reasons, the density of buildings and infrastructural construction properties has reached to a new high in the region.

Growing infrastructures and population have put pressures on the energy demands in the region, and therefore energy efficiency is one of the prime focus areas of Governments of respective countries in the APAC. Also, many of the cities in the region are technological hubs, where increasing number of companies are resulting in increasing infrastructural constructions. Owing to this, there has been rapid adoptions of innovative products such as smart glass in the recent infrastructural constructions. Thus, the smart glass market is anticipated to witness growth in the APAC region.

To Remain 'Ahead' Of Your Competitors, Request for a Sample Here@ https://bit.ly/2xrvGJz

Global Smart Glass Market - Company Profiles

o Artratio S.L.
o Asahi Glass Co. Ltd.
o Compagnie de Saint-Gobain S.A
o Corning, Incorporated
o Gentex Corporation
o Hitachi Chemical Co. Ltd.
o Pleotint LLC
o Polytronix, Inc.
o Research Frontiers Incorporated
o Smartglass International Ltd.

Increasing need for energy efficiency and better utilization of natural light is driving the smart glass market

Smart glass aids in dynamically changing the tint of the glass in order to control the amount of heat/light that penetrates in a building. They are also used for creating on-demand private space, especially for offices. The smart glass windows provide 45 to 70% more energy efficiency in comparison with the dual-pane standard glass. The smart windows help in providing more savings and help in the reduction of greenhouse gas emissions.

The smart glass windows that are used in commercial and residential buildings are multi-functional; these windows help in maximizing the amount of sunlight and controlling the transfer of heat in and out of the building. However, the loss of energy through the doors and windows account about 50% of the energy consumption in the buildings. In order to make the buildings more energy efficient, the engineers and scientists have collaborated with the architects for developing advanced window designs.

Proliferation of IoT and connected devices

The advent of IoT has enabled each device to be connected over the internet and the rising adoptions globally would result in more than billions of devices connected over the internet. Huge populations of India and China are further influencing the growing penetration of smart phones and other consumer electronic devices. Furthermore, apart from the individuals, businesses across almost all industry verticals have realized the importance of IoT, communications, and sensors, and have therefore, paved way for integration of sensors into the smart glass. Thus, this factor is expected to trigger the growth of the smart glass market in the coming years.

Technology Insights

The global smart glass market by technology is segmented into electrochromic, polymer dispersed liquid crystals (PDLC), suspended particle device (SPD), photochromic, thermochromic, and others. The most prominent type in smart glass market accounted for Suspended particle device segment which is further expected to dominate in the forecast period. Electrochromic segment held the second largest market in 2018, and is anticipated to continue its growth during the forecast period from 2019 - 2027.

Application Insights

The smart glass market is categorized on basis of various application such as commercial, residential, automotive, power generation, aerospace & defense, and others. Commercial application dominated the application segment and the commercial segment is calculated to continue its dominance year on year till 2027. The benefits of smart glass', when coupled with the increasing investment from various government to enhance their tourism industry and achieve the building energy efficiency targets, is increasing the interest among the builders to adopt smart glass solutions. This factor is driving the smart glass adoption in commercial market in the recent years.

For In-Depth Competitive Analysis, Buy Now @ https://bit.ly/2RJqYO2

Reasons to Buy:

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global smart glass market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the global smart glass market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

Contact Us

Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com

Pune, India

About The Insight Partners:

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 specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.