What's driving Smart Glass Market Growth? Key players are Saint Gobain, NSG Group, Asahi Glass, Merck & Co., View Inc
Global Smart Glass Market report provides in-depth information about Industry overview, top vendors, Key market highlights, drivers, challenges, trends, industry landscape, size and forecast.
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Construction industry has a share of over 60% in the overall smart glass market. The product especially finds use in commercial buildings such as offices, hotels, conference rooms, space partitions, bathrooms, windows, skylights etc. Excess exposure to sun glare and light may cause discomfort to the occupants in offices or residences. It results in reduced productivity.
Additionally, the increased heat correspondingly results in greater use of Acs, thereby increasing the energy usage and related cost. Smart glass can significantly lower the energy intake and result in up to 43% annual energy bill savings. Apart from construction, smart glass market is swiftly growing in transportation sector, mainly in automobile, marine and aviation.
Growth drivers are -
o Strong building & construction outlook
o Rising penetration in the transportation sector
o Increasing product demand in the electronics & electrical industry
Smart glass demand will be swelling in Asia Pacific, where the construction industry is actively incorporating luxury and security amenities for lending unique additions to the buildings.
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Smart glass market is rapidly growing in Europe, North America and Middle East on account of increasing need to control sun glare and luxury application to render privacy in commercial offices and residential buildings. In Europe and North America, building industry is increasingly focusing on constructing LEED certified energy efficient buildings.
With growth of IoT (Internet of Things) technology, smart glass market is expected to soar further over the forecast timeframe. In Middle East, glass covered buildings are gaining traction. Taking into consideration the regional climate, smart glass will be a necessary addition to future construction projects, especially in UAE and Saudi Arabia. In Asia Pacific, smart glass demand will come from the high spending residential and commercial entities, with high spending capacity.
Key players are
1. Saint Gobain
2. NSG group
3. Asahi glass
4. Merck & Co.
5. View Inc
7. Smartglass International
10. Pleotint LLC
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