With 17.2% CAGR, Smart Glass market Market to Hit USD 15,788.0 Million by 2022-2027 | Key Companies Profiled: BSG Glass, NSG Groupe, Schott AG
Smart glass or switchable glass is glazing or a glass with altered transmission properties as and when heat, light, or voltage is applied. They are capable of changing their appearance from opaque to translucent to transparent as per the needs of the user and help to maintain factors such as natural daylight, sound, temperature, and solar head absorbed by buildings. Smart glass is utilized mainly in commercial buildings where it is essential to control the operative environment.
Get Sample PDF Brochure:
Highlights of the Report
The report offers a comprehensive overview of the market and its prime growth trajectories including growth restraints, drivers, challenges and upcoming opportunities. The report discusses the market segmentation based on factors such as technology, application, and geographies. It also discloses the names of the leading segments and their market figures.
Besides this, the report throws light on major industry developments, current smart glass market trends, and other interesting insights into the market. Significant players operating in the market are listed in the report with the major strategies adopted by them to gain a competitive edge in the market. The report is available for sale on the company website.
Increasing Demand from Healthcare Industry will Drive Market
Major factors responsible for the smart glass market growth includes the rising demand from architectural, transportation, and automotive applications. Additionally, the rise in environmental concerns, coupled with the rising number of smart and green buildings and are propelling the need for electrochromic windows in residential, commercial, as well as industrial buildings, thereby boosting the market.
However, high cost of material, installations, and electricity costs and functional features such as speed control, transparency degree, and dimming possibilities may pose a major challenge to the market. Nevertheless, a lead analyst at Fortune Business Insights say, "the healthcare industry uses smart glass for maintaining privacy and this reduced the use of curtains and blinds in operating rooms. Therefore, the increasing demand from healthcare industry will aid in expansion of the market in the forecast period."
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Get A Customized PDF :
Key Players to Make Massive Investments in R &D
Significant smart glass market manufacturers such as Hitachi Chemicals and Gauzy are investing into world-class research and development for the production and engineering of electronically dimmable windows. They have invested about 200 million and more for providing the most comfortable, safe, and functioning glass for passenger airplanes to avoid glares and heat into the cabin. Other players are entering into collaborations such as mergers and acquisitions, contracts and agreements, and others so as to attract significant smart glass market revenue in the coming years.
Europe Dominating Market with Germany as the Leading Nation
Geographically, North America generate a revenue of USD 1.31 billion in 2018 but Europe held the largest smart glass market share with Germany. This is owing to the increasing demand from the automotive and transportation sector, coupled with increasing utilization in architectural applications. In North America, the U.S. is the largest contributor of the market attributed to the increasing number of end-use industries namely consumer electronics, and healthcare.
On the other side, the market in Asia Pacific will witness steady growth with China leading the region, on account of the booming construction and automotive industries. Besides this, growing urbanization and rapid urbanization in developing nations such as India and China are anticipated to increase the need for smart glasses for various institutes, hospitals, commercial and residential buildings.
List of Significant Manufacturers in Smart Glass Market are;
Glass Packaging Institute
Asahi India Glass Ltd.
Asahi India Glass Limited (AIS)
Glass Apps, LLC
Inquire Before Buying This Report:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release With 17.2% CAGR, Smart Glass market Market to Hit USD 15,788.0 Million by 2022-2027 | Key Companies Profiled: BSG Glass, NSG Groupe, Schott AG here
News-ID: 2889081 • Views: 395
More Releases from Fortune Business Insights Pvt. Ltd.
Non-alcoholic Beverages Market Segmentation& Analysis, Industry Growth Forecast …
According to Fortune Business Insights ™, the global non-alcoholic beverages market size is anticipated to rise significantly on account of the current trend of health and fitness and the rising inclination towards healthy beverages. The value of this market was USD 919.13 billion in 2019 and is expected to rise at a CAGR of 8.20% between 2020 to 2027 to reach USD 1,257.77 billion by the end of 2027. List of
Intravenous Iron Drugs Market 2022: Global Technology, Segmentation, Growth, Dev …
Global Intravenous Iron Drugs Market Size research report 2022 offers an in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market. The demand for refractive surgeries is anticipated to increase, attributed to the rise in the aging population and excessive use of digital devices, which has increased the screen time of the world population due to the
Cardiac Troponin Market 2022: Global Technology, Segmentation, Growth, Developme …
Global Cardiac Troponin Market Size research report 2022 offers an in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market. The demand for refractive surgeries is anticipated to increase, attributed to the rise in the aging population and excessive use of digital devices, which has increased the screen time of the world population due to the COVID-19
Dravet Syndrome Market 2022: Global Technology, Segmentation, Growth, Developmen …
Global Dravet Syndrome Market Size research report 2022 offers an in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market. The demand for refractive surgeries is anticipated to increase, attributed to the rise in the aging population and excessive use of digital devices, which has increased the screen time of the world population due to the COVID-19
More Releases for Glass
Glass Easy-clean Glass Market 2019| Pilkington Glass, PPG Industries, Ravensby W …
The global market status for Easy-clean Glass is precisely examined through a smart research report added to the broad database managed by Market Research Hub (MRH). This study is titled “Global Easy-clean Glass Market” Research Report 2019, which tends to deliver in-depth knowledge associated to the Easy-clean Glass market for the present and forecasted period until 2025. Furthermore, the report examines the target market based on market size, revenue and
Insulated Glass Market Analysis: Top Companies Includes (Cardinal Glass Industri …
Insulated glass refers to two or more lites of glass sealed around the edges with an air space between, to form a single unit. Insulating glass is a very effective way to reduce air-to-heat transfer through the glazing. When used in conjunction with low-E and/or reflective coatings, IG units perform even better for conserving energy and complying with local codes. The most common configuration of IG units for commercial building is
Glass Market in Automotive Industry 2018 Leading Company Analysis: Central Glass …
Glass Market in Automotive Industry 2018 Research Report – Global Forecast to 2023, is latest research report on Global Automotive Glass industry published by Market Research Future. Report provides comprehensive information on Global Glass Market forecast, historic data, with business development strategies, upcoming opportunities, and regional outlook For Automotive Industry. Global Glass market is expected to grow at strategic CAGR by the end of year 2023. Glass Industry Key Players Analyzed
Flat Glass Market 2018 Global Key Players: Asahi Glass, Nippon Sheet Glass, Guar …
Market Research Future published a research report on “Flat Glass Market Research Report - Forecast To 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Market Highlights: Today, low cost production in the glass industry means saving energy, using resources more effectively, responding more flexibly to market requirements and binding less capital. This is getting harder as markets are growing closer and competition is getting fierce. However, there are
Global Tempered Glass Market Research Report 2017 - Asahi Glass, NSG Group, Sain …
This report studies Tempered Glass in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering Asahi Glass NSG Group Saint-Gobain Guardian Industries Taiwan Glass Group Romag (UK) Dlubak Glass Virginia Mirror Fuso Press Glass Tyneside Safety Glass Fuyao Group CSG Holding Xinyi Glass Jin Jing Group KIBING Sanyuan Glass Blue Star Glass Xuban Glass North Glass Golden Glass Shuangling Market Segment by Regions, this report splits Global into several key
Global Ground Glass Market 2017- CSG, XINYI Glass, JINJING Glass, SYP Glass, Yao …
The market research report by QY Research provides detailed study on the overall Ground Glass market size, its financial positions, its unique selling points, key products, and key developments. This research report has segmented the Ground Glass market based on the segments covering all the domains in terms of type, country, region, forecasting revenues, and market share, along with analysis of latest trends in every sub-segment. CLICK HERE to Request Sample