Global Smart Glass Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts to 2030
The Global Smart Glass Market held USD 3.8 billion in 2020 and is to grow with a CAGR of 12% from 2020-2030. Smart glass controls light's transmission properties through heat and voltage alterations. It allows user to set the light flow, glass-glare and amount of heat passing through the glass according to his choice, which will be boosting the global smart glass market growth. Electrochromic, thermochromic, micro-blinds, suspended particle system (SPD), polymer dispersed liquid crystal (PDLC), nanocrystal glass and photochromic, are all forms of smart glass. In the building industry these glasses are often used in the form of electrochromic windows. significant amounts of energy on heating, cooling, and lighting can be saved by controlled smart glass.
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Market Dynamics and Factors :
The smart glass market is driven by rising demand for an eco-friendly and energy efficient product. Another factor contributing to the smart glass market growth is its cost efficiency and reduced maintenance costs. Government support coupled with large automotive industry investment triggers smart glass market demand. However, this market may be hampered by the durability of smart glass and performance. However, limited marketing and insufficient awareness are expected to hinder smart glass market size. Nonetheless, a wide range of applications and growing demand for energy-efficient products in the forecast period indicate smart glass industry and will be a growing smart glass market trend during the forecast period.
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Market Segmentation:
Global Smart Glass Market– By Type
Thermochromic
Photochromic
Electrochromic
SPD (Suspended Particle System)
PDLC (Polymer Dispersed Liquid Crystal)
Others
Global Smart Glass Market – By End- Use Industry
Transportation
Construction
Power Generation
Others
Global Smart Glass Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis :
North America became the largest smart glass market and is expected over the forecast year. Favorable regulations and legislation have sparked regional smart glass market growth. Not only have they contributed to the overall energy savings but they have also reduced the maintenance costs, which has had a significant effect on market size and will be a growing market trend. The U.S. and European Governments planned to install smart glass electronics equipment and addressed their transport department to the same which will also fuel the market size. Germany also accounted for the significant market share in the previous years and is expected to grow during the forecast period. Architectural advancement in construction and installation of large windows in the buildings are projected to drive smart glass market demand in Europe.
Competitive Scenario :
The global smart glass industry, which is highly competitive, consists of a few major players. In terms of market share, few of the major players currently dominate the smart glass market, they are Ravenwindow (Ravenbrick LLC) (US), Saint-Gobain Group (France), LTI Smart Glass, Inc (US), PPG Industries, Inc (US), Gentex Corporation (US), Merck KGAA (Germany), Kinestral Technologies, Inc. (US), E-Chromic Technologies, INC. (US), Pleotint Llc (US), AGC Inc (Japan), Hitachi Chemical Co., Ltd (Japan), Innovative Glass Corporation (US), Chromogenics AB (Sweden) and Nippon Sheet Glass Co., Ltd (Japan)
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Smart Glass industry, although key threats, opportunities and disruptive technologies that could shape the Global Smart Glass Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Smart Glass Market most.
The data analysis present in the Global Smart Glass Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Smart Glass Market business.
The 2021 Annual Global Smart Glass Market offers:
100+ charts exploring and analysing the Global Smart Glass Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Smart Glass Market type
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