Smart Glass Market - Enhances Efficiency of Production to Increase Demand
Posted: Oct 23, 2018
The global Smart Glass market generated USD 2,738 million in 2017 and is anticipated to grow at a CAGR of 13.1% during the forecast period according to a new research published by Polaris Market Research.
Smart glass has the capability to change its property from transparent to translucent and blocking out light through interaction with electricity, light or heat. Smart glass enables designers, engineers and builders to develop building facades and comfortable indoor spaces possessing the capability to eliminate glare, solar heat gain and UV exposure. The transition of smart glass from clear glass to opaque can be triggered through wall switches, remote controls, movement sensors, light sensors or timers.
The global smart glass market is majorly driven by factors including growing awareness regarding energy efficient buildings. The increasing use of smart glass in vehicles and aircrafts boosts the adoption of smart glass. The increasing need for energy efficiency, supportive government initiatives, and growing awareness supports the growth of the smart glass market. Growing demand from emerging economies along with technological advancement is expected to provide numerous growth opportunities in the coming years.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Smart Glass Market. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
North America smart glass market generated the highest revenue in 2017 owing to introduction of supportive government regulations and growing awareness regarding green buildings. The increasing use in solar power generation plants, and reducing costs of electrochromic materials supports the growth of the market in the region. Numerous key players have adopted partnership and expansion strategies to increase their market share in smart glass markets of the North American region.
Competitive Landscape and Key Vendors
The global Smart Glass market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
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The leading companies profiled in the global smart glass market report include Asahi Glass Co., DuPont, Gentex Corporation, SPD Control Systems, View, Inc., Corning Incorporated, Hitachi Chemical Co., Ltd., RavenBrick LLC, Switch Materials Inc., Scienstry, Inc., ChromoGenics AB, and Innovative Glass Corporation.
About Polaris Market Research:
Polaris Market Research is a global market research and consulting company. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.