Glass Tempering System Market While Expanding With A CAGR Of 3.7% Over The Forecast Period By 2027

Growth in the global glass tempering system market can be attributed to huge investments in R&D, increasing use of hybrid guide plates, solar control glazing for automotive and building glasses, growing use of lightweight glazing glass, and increasing usage of advanced nanotechnology in glass manufacturing.

According to this report, the key regions for glass tempering system market participants are North America and APEJ. The global glass tempering system market is expected to grow significantly during the forecast period, expanding at a CAGR of 3.7 percent.

The United States is investing in tempering activities in North America, creating enormous opportunities for glass tempering system manufacturers. Product development and long-term relationships with tempered glass OEMs are also essential for success in this market. The global market for glass tempering system is expected to be valued at US$ 94.5 Mn by 2017 end and is estimated to reach US$ 135.6 Mn by 2027 end.

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Glass Tempering System Market: Global Industry Analysis (2012-2016) And Opportunity Assessment (2017-2027)" is a new report of Future Market Insights that tracks the performance of the market for the projected period of 10 years i.e. between 2017 and 2027.

Global Glass Tempering System Market: Drivers

Shift towards renewable solar energy will accelerate the growth of the market
Improving construction sector especially in Latin America is fuelling the growth of the global market
Construction of energy efficient buildings and renovation of existing infrastructure is another key market driver
Global Glass Tempering System Market: Forecast by Tempering Technology

On the basis of tempering technology, the global glass tempering system market is segmented into controlled heating and quenching equipment and chemical treatment. Controlled heating and quenching equipment is further segmented into standard configuration and advanced configuration. In terms of value, the controlled heating and quenching equipment segment is anticipated to be valued at US$ 89.0 Mn by 2017 end, which is estimated to grow at a CAGR of 3.7% and reach a value of US$ 127.8 Mn by the end of 2027.

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Global Glass Tempering System Market: Forecast by Application

The application segment consists of flat, bent and combined flat and bent segments. Flat segment is further segmented into continuous and oscillating segments. Oscillating type segment is expected to emerge as the most attractive segment by application over the forecast period. Combined flat and bent segment is anticipated to create incremental $ opportunity worth US$ 4.2 Mn over the forecast period.

Global Glass Tempering System Market: Forecast by End Use

By end use the market is categorized into automotive windows, architectural, electronics, solar applications and others. Architectural segment is sub-segmented into windows and doors, mirror and partitions and furniture, while electronics segment is sub-segmented into smartphone and appliances. The solar applications segment is estimated to reach US$ 1.6 Mn in 2027 from US$ 1.3 Mn in 2017. The segment is estimated to grow at a CAGR of 2.4% during the forecast period.

Global Glass Tempering System Market: Forecast by Region

Seven regions have been covered in this report and they are North America, Latin America, APEJ, Eastern Europe, Western Europe, Japan and MEA. China is expected to remain a strong market for glass tempering systems. Most of the APEJ, Eastern Europe, and Latin America buyers import glass tempering lines from China with standard configuration, due to investment constraints. North America is also projected to hold a significant share of the global glass tempering system market over the forecast period.

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Global Glass Tempering System Market: Key Vendors

Glaston OYJ Abp, Luoyang Landglass Technology Co. Ltd., LiSEC Austria GmbH, Luoyang North Glass Technology Co., Ltd., Glasstech Industries (India) Private Limited, Keraglass Industries Srl, CoolTemper Ltd., HHH Tempering Resources Inc., Ratnesh International, North East Machines, Meta Therm Furnace Pvt. Ltd., Mappi International, EFCO, Saint-Gobain S.A., IGE Glass Technologies, Inc., Lambert GT Services Ltd. are some of the glass tempering system market companies profiled in the report.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.