Global Smart Glass Market
By Technology (Liquid Crystal, Suspended Particle Display, Thermochromic, Photochromic, Electrochromic, Micro-Blinds), Application (Transportation, Power Generation Plants, Architecture, Consumer Electronics), and Regional Market Size, Status and Forecast to 2025
The Global Smart Glass Market was valued at USD 2.78 billion in 2016 and is projected to reach USD 11.20 billion by 2025, growing at a CAGR of 16.75% from 2017 to 2025.
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Smart Glass is a glass or glazing whose light transmission properties are altered when voltage, light or heat is applied. Smart glass is used usually in doors, windows, partitions and skylights in residential as well as commercial buildings. There are several benefits of smart glass including – helps maintain privacy, glare reduction, blocks UV rays, energy saving, easy cleaning, high durability, enhance corporate image hygienic and low maintenance.
1. Market Drivers
1.1 Rising demand for energy efficient products
1.2 Emerging eco-friendly buildings
1.3 Rising potential in solar power generation plants
1.4 Energy saving through smart glass applications
1.5 Government support and energy-efficient construction
1.6 Increasing demand for smart glass in automobile applications
1.7 Reducing cost of electrochromic materials
2. Market Restraints
2.1 High initial cost for R&D and manufacturing
2.2 Poor awareness of long-term benefits of smart glass
2.3 Costly smart glass
2.4 Issues with the performance of smart glass
The Global Smart Glass Market is segmented on the technology, application, and region.
1.1 Liquid Crystal
1.2 Suspended Particle Display
2. By Application:
2.2 Power Generation Plants
2.4 Consumer Electronics
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. View, Inc.
2. Hitachi Chemical
7. SPD Control Systems
9. Smartglass International
10. Asahi Glass Co.
11. Research Frontiers
12. Glass Apps
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Smart Glass Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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