According
to a new market report published by Transparency Market Research
“Smart Glass and Window Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2021” smart glass and
window market was valued at US$2.2 bn in 2014 and is expected to
exceed US$6 bn by 2021, at a CAGR of 14.7%, from 2015 to 2021.
Browse
the full Smart Glass and Window Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015 - 2021 report at
http://www.transparencymarketresearch.com/smart-glass-window-market.html
http://www.transparencymarketresearch.com/smart-glass-window-market.html
Increasing
demand for efficient utilization of energy among building managers,
owners and construction companies is primarily fueling the smart
glass and window market globally. Moreover, rapid demand for smart
glasses in automobile sector has significantly resulted in production
of fuel efficient smart glasses with low carbon emissivity. Nowadays,
due to its special features such as the ability of blocking UV light
and fast switching capability, these glasses are preferred over
normal glasses. In addition, smart window reduces heat formation
within vehicles and ensures passenger safety. Considering all these
factors the market for smart glass and window is expected to witness
robust growth during the forecast period.
smart-glass-window-market
Smart
windows are dynamic and are emerging as the future technology. Key
players are constantly involved in expansion of smart glasses in new
and existing application areas, such as power generation,
construction and automotive among others. Hence, there is significant
opportunity for the smart glass and window market worldwide.
Moreover, developing countries like India and China have huge number
of population and thus require efficient technologies to reduce and
conserve their energy needs, which in turn will augment the growth of
smart glass and window market in the future. However, high price of
smart glasses is a significant concern for end users and is
restraining the growth of the market.
By
technology, the market has been segmented broadly into: active and
passive. Active smart glass and window held the largest share of the
market globally in 2014 and accounted for more than 80%. These
glasses are easy to operate and can change light transmission
properties with the help of a single switch. Thus, they found huge
application in construction and transportation sectors. The active
segment has been further divided into polymer dispersed liquid
crystals (PDLC), suspended particle device (SPD), electrochromic and
others. The suspended particle device segment contributed to the
largest share of the active smart glass and window market in 2014,
owing to wide application in automobiles and airplanes. The passive
segment is further classified into passive photochromic and passive
thermochromic. Passive photochromic smart windows provide broader
range of dimmability and have potential application in architectural
sector. Thus this segment held the largest share of the global market
for passive smart glass and window.
In
terms of application, the global market for smart glass and window is
further bifurcated into four segments, namely: automotive, aircraft,
construction and marine. Automotive sector held the largest share of
the market in 2014. Increasing demand for fuel efficiency, better
adaptability and control of light along with passenger privacy and
protection from radiation are some of the major factors boosting the
demand for smart glass and window in automotive sector.
By
geography, market is segmented into four regions i.e. North America,
Europe, Asia Pacific and Rest of the World (RoW). North America
acquired the largest share of the global market in terms of revenue
in 2014 and accounted for more than 30% of the overall market. The
market in North America is primarily driven by increasing
technological development and rising consumer awareness for energy
conservation in U.S. and Canada among others. Europe held the second
largest market globally and accounted for more than 25%. The market
in this region is driven by increasing architectural developments
along with existence of large glass formats in Europe.
Some
of the major players in the smart glass and window market are
Research Frontiers, Inc.(U.S.), View Inc.(U.S.), Pleotint Llc.(U.S.),
Asahi Glass Co., Ltd.(Japan), Compagnie de Saint-Gobain S.A.(France)
and Hitachi Chemical Co., Ltd.(Japan). The market is consolidated at
present and key players’ accounting for more than 80% share in the
overall market.
This
report provides in-depth analysis of the global smart glass and
window market along with the market estimates, in terms of revenue
(USD million) for the forecast period from 2015-2021.
The
market has been segmented as follows:
Smart
glass and window market, by technology: The market is broadly
classified on the basis of technology into:
Active
Polymer
Dispersed Liquid Crystals (PDLC)
Suspended
Particle Device (SPD)
Electrochromic
Others
(Micro blinds and nano crystals)
Passive
Passive
Photochromic
Passive
Thermochromic
Smart
glass and window market, by application The market is broadly divided
on the basis of application into:
Automotive
Aircraft
Construction
Marine
Smart
glass and window market, by geography: The market is broadly
segmented on the basis of geography into:
North
America
United
States
Canada
Others
Europe
United
Kingdom
Germany
France
Italy
Rest
of Europe
Asia
Pacific
China
Australia
Japan
South
Korea
Rest
of Asia Pacific
Rest
of the World (RoW)
Latin
America
Saudi
Arabia
UAE
South
Africa
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