Market Research Report
Global Smart Glass Market Size by Technology [Active (Electrochromic, SPD, PDLC),, By Application (Construction, Transportation, Electronics), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2026
|Published by||Global Market Insights Inc.||Product code||920790|
|Published||Content info||200 Pages
Delivery time: 2-3 business days
|Global Smart Glass Market Size by Technology [Active (Electrochromic, SPD, PDLC),, By Application (Construction, Transportation, Electronics), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2026|
|Published: December 23, 2019||Content info: 200 Pages||
Global Smart Glass Market Size by Technology [Active (Electrochromic, SPD, PDLC), [Passive (Photochromic, Thermochromic)], By Application (Construction, Transportation, Electronics), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2026.
Smart Glass Market is expected to exceed USD 2,228.4 million by 2026. The growing focus on energy saving and user controlled windows for building across the globe will lead the smart glass demand
Some major findings of the smart glass market report include:
Smart glass demand is growing on account of increasing energy saving for commercial offices and high end residential spaces.
Smart glass demand will be swelling in Asia Pacific, where the construction industry is actively incorporating luxury and security amenities for lending unique additions to the buildings.
The increasing construction of energy efficient buildings in Europe, and North America will primarily drive the smart glass market growth over the forecast timeframe.
Major players operating in the smart glass market are Saint Gobain, Asahi glass, NSG group, View Inc, RavenWindow, Merck &, Co., Gauzy, Pleotint LLC, Polytronix, and Smartglass International.
Companies are actively investing to lower the overall product cost by using new low cost raw material and technologies.
Smart glass, are used in buildings and automobile windows to control the incoming sunlight and glare, thereby providing higher privacy and comfort to the inhabitants. Active smart glass regulate sunlight through user controlled electric stimulation while passive type of glass control sunlight through its material properties.
Smart glass technologies are segregated further into electrochromic, SPD, PDLC and others. The passive smart glass is divided into thermochromic photochromic and others. Among all the technologies, electrochromic smart glass has the highest share of over 45% on account of its lower per sq. meter cost. However, it is limited to exterior applications and has a slower response time. On the other hand, demand for PDLC will be surging owing to lower response time, lower amount of voltage supply, and extensive application in both interior and exterior spaces.
Construction industry has a share of over 60% in the overall smart glass market. The product especially finds use in commercial buildings such as offices, hotels, conference rooms, space partitions, bathrooms, windows, skylights etc. Excess exposure to sun glare and light may cause discomfort to the occupants in offices or residences. It results in reduced productivity. Additionally, the increased heat correspondingly results in greater use of Acs, thereby increasing the energy usage and related cost. Smart glass can significantly lower the energy intake and result in up to 43% annual energy bill savings. Apart from construction, smart glass market is swiftly growing in transportation sector, mainly in automobile, marine and aviation.
Smart glass market is rapidly growing in Europe, North America and Middle East on account of increasing need to control sun glare and luxury application to render privacy in commercial offices and residential buildings. In Europe and North America, building industry is increasingly focusing on constructing LEED certified energy efficient buildings. With growth of IoT (Internet of Things) technology, smart glass market is expected to soar further over the forecast timeframe. In Middle East, glass covered buildings are gaining traction. Taking into consideration the regional climate, smart glass will be a necessary addition to future construction projects, especially in UAE and Saudi Arabia. In Asia Pacific, smart glass demand will come from the high spending residential and commercial entities, with high spending capacity.
Currently, smart glass technologies such as perovskite and TLSCs (transparent luminescent solar concentrators) are being explored for solar power generation that will lead to self-sustained buildings.