At 17.2% CAGR, Smart Glass Market Size Poised to Touch USD 11.73 Bn by 2027

MarketStudyReport.com Adds New Smart Glass Market 2019 – 2027 research report providing information and data by Technology, Suspended Particle Device, Application, Industry Analysis, Regional Outlook, Competitive Market Share & Forecast spreading across 169 Pages with table and figures in it.

APAC is considered to be the fastest growing economic region with China and India developing at a rapid rate. Also, emerging economies of Southeast Asia, such as Vietnam, Malaysia, Indonesia, and others are experiencing a growth in their industrial, construction, and infrastructure sector. This high economic development has created a need for enhanced infrastructure; thus, the construction of facilities such as malls, hospitals, hotels, and others are growing at a high pace. The increasing construction in these economies is anticipated to influence the smart glass market shortly. Hitachi Chemical Co. Ltd. and Asahi Glass Co. Ltd. are some of the leading manufacturers in the smart glass market in the Asia Pacific region. These companies have taken various strategic initiatives to strengthen their foothold in the Asian smart glass market. As an example, in the year 2017, Asahi Glass Co. has partnered with Kinestral Technologies to begin the production of smart glass in Taiwan, comprising of an investment equal to US$ 100 Mn. The motive behind the strategic partnership was to increase the penetration of smart glass in the Asian and European region.      

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The developed countries, as well as the developing countries across the globe, are witnessing significant demand for commercialization. The commercial sector includes the construction of shopping malls, office/trade business buildings, airports, railway stations, hospital and healthcare buildings, roads, dams, and pavements, among others. The builders or constructors in modern times are increasingly interested in the usage of energy efficient and versatile products for construction. Commercial constructions add to the beauty of the city and also result in the influx of tourists. Governmental support to enhance the beauty of commercialized buildings to support the tourism industry is driving the demands for glass faced in various countries of the world. The glass artistry of any building enhances the aesthetic quality of the building.

The global smart glass market accounted for US$ 2.85 Bn in 2018 and is expected to grow at a CAGR of 17.2% over the forecast period 2019-2027, to account for US$ 11.73 Bn in 2027. The factors that are driving the growth of the smart glass market include the rising commercial and residential construction and increasing need for energy efficiency and better utilization of natural light. However, the high price of smart glass is anticipated to hinder the smart glass market for same in the coming years. Further, the rapid growth in the emerging economies of Asia Pacific is expected to create a lucrative market opportunity for smart glass market. Some of the leading players in the smart glass market are highly focusing on strategic market initiatives to enrich its product capabilities as well as to expand their geographical presence across the globe, which in turn is contributing for the growth of the smart glass market.

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The overall smart glass market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the smart glass market. It also provides the overview and forecast for the global smart glass market based on all the segmentation provided for five primary reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the smart glass market. Some of the players present in smart glass market are Artratio S.L., Asahi Glass Co. Ltd., Compagnie de Saint-Gobain S.A, Corning, Incorporated, Gentex Corporation, Hitachi Chemical Co. Ltd., Pleotint LLC, Polytronix, Inc., Research Frontiers Incorporated, and Smartglass International Ltd., among others.

Table of content:

1. INTRODUCTION

1.1 SCOPE OF THE STUDY

1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE

1.3 MARKET SEGMENTATION

1.3.1 Global Smart Glass Market – By Technology

1.3.2 Global Smart Glass Market – By Application

1.3.3 Global Smart Glass Market – By Geography

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

3.1 COVERAGE

3.2 SECONDARY RESEARCH

3.3 PRIMARY RESEARCH

4. SMART GLASS MARKET LANDSCAPE

4.1 MARKET OVERVIEW

4.2 ECOSYSTEM ANALYSIS

4.3 PEST ANALYSIS

4.3.1 North America – PEST Analysis

4.3.2 Europe – PEST Analysis

4.3.3 Asia Pacific – PEST Analysis

4.3.4 Middle East and Africa – PEST Analysis

4.3.5 South America – PEST Analysis

4.4 EXPERT OPINIONS

5. KEY MARKET DYNAMICS

5.1 KEY MARKET DRIVERS

5.1.1 Rising Commercial and Residential Construction

5.1.2 Increasing need for energy efficiency and better utilization of natural light

5.2 KEY MARKET RESTRAINTS

5.2.1 High price of Smart Glass

5.3 KEY MARKET OPPORTUNITY

5.3.1 Rapid growth in the emerging economies of Asia Pacific

5.4 FUTURE TRENDS

5.4.1 Proliferation of IoT and connected devices

5.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. SMART GLASS – GLOBAL MARKET ANALYSIS

6.1 GLOBAL SMART GLASS MARKET OVERVIEW

6.2 GLOBAL SMART GLASS MARKET FORECAST AND ANALYSIS

6.3 MARKET POSITIONING – GLOBAL TOP 5 PLAYERS RANKING

7. GLOBAL SMART GLASS MARKET ANALYSIS – BY TECHNOLOGY

7.1 OVERVIEW

7.2 ELECTROCHROMIC

7.2.1 Overview

7.2.2 Global Electrochromic Market Revenue and Forecasts to 2027 (US$ Mn)

7.3 POLYMER DISPERSED LIQUID CRYSTALS

7.3.1 Overview

7.3.2 Global PDLC Market Revenue and Forecasts to 2027 (US$ Mn)

7.4 SUSPENDED PARTICLE DEVICE

7.4.1 Overview

7.4.2 Global SPD Market Revenue and Forecasts to 2027 (US$ Mn)

7.5 PHOTOCHROMIC

7.5.1 Overview

7.5.2 Global Photochromic Market Revenue and Forecasts to 2027 (US$ Mn)

7.6 THERMOCHROMIC

7.6.1 Overview

7.6.2 Global Thermochromic Market Revenue and Forecasts to 2027 (US$ Mn)

7.7 OTHERS

7.7.1 Overview

7.7.2 Global Others Market Revenue and Forecasts to 2027 (US$ Mn)

8. SMART GLASS MARKET ANALYSIS – BY APPLICATION

8.1 OVERVIEW

8.2 SMART GLASS MARKET BREAKDOWN, BY APPLICATION, 2018 & 2027

8.3 COMMERCIAL

8.3.1 Overview

8.3.2 Commercial Revenue and Forecasts to 2027 (US$ Mn)

8.4 RESIDENTIAL

8.4.1 Overview

8.4.2 Residential Revenue and Forecasts to 2027 (US$ Mn)

8.5 POWER GENERATION

Related Report:

Global (United States, European Union and China) Electrically Active Smart Glass Market Research Report 2019-2025

In 2019, the market size of Electrically Active Smart Glass is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.

https://www.marketstudyreport.com/reports/global-united-states-european-union-and-china-electrically-active-smart-glass-market-research-report-2019-2025/?utm_source=RR-AN

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