The Global Market for Smart Glass is Projected to Exceed US$5.0 Billion by 2020

Increasing Focus on Energy Efficient Buildings and Automobiles Drives the Global Smart Glass Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Smart Glass market. The global market for Smart Glass is projected to exceed US$5.0 billion by 2020, driven by the increasing focus on energy efficient building technologies, robust demand from the transportation sector, and favorable regulatory environment.

The simple act of providing light and ventilation in a building and automobile is completely transformed with the advent of smart glass. Smart glass or switchable glass refers to glass that undergoes changes in its light transmission properties with the application of natural or on-demand external stimulus such as heat, light or voltage. Smart windows are growing in popularity worldwide spurred on by benefits such as energy efficiency; reduction in electricity bills associated with lighting, air conditioning, and heating; elimination of the need for costly window dressings, curtains, blinds, and light screens; absence of cleaning and maintenance; protection from harmful ultraviolet radiation; provision of enhanced privacy; reduction in CO2 emissions; and maintaining the health, comfort, and productivity of occupants, among others.

Strong growth is projected for smart glass in both developed and developing countries, driven by favorable government regulations that recommend energy efficient heating, cooling and lighting solutions in buildings and cars. The ongoing trend towards embedding electronics, such as sensors, to turn auto and architectural windows into displays of infotainment content represents another significant factor benefiting market expansion. Other important growth drivers include positive outlook for the global construction industry; rising investments in infrastructure projects worldwide; recovering automotive production particularly in the developing countries; expanding applications in aviation, marine, and solar power; shifting demand from passive to active smart glass technologies; technological innovations and advancements that are resulting in steadily declining prices, among others. Also, huge opportunities exist for smart windows in the retrofit segment as majority of the windows in current buildings worldwide are not energy efficient.

As stated by the new market research report on Smart Glass, Europe represents the largest market worldwide, followed by the United States. Robust demand for various technologies that aid in minimizing energy consumption and maximizing energy efficiency of buildings and automobiles; presence of leading smart glass innovators; huge penchant for novel technologies; and stringent energy efficiency regulations, among others, represent key growth drivers in developed markets. Asia-Pacific ranks as the fastest growing market worldwide with a projected CAGR of 19.9% over the analysis period, driven by massive adoption of energy-efficient smart window solutions in China. Booming construction activity and green policies established by the Chinese government are expected to make China one of the most important markets for smart windows worldwide.

Key players covered in the report include Active Glass Technologies, Asahi Glass Company Ltd., Corning, Inc., Essex Safety Glass Ltd., Flat Glass Industries Ltd., Gentex Corporation, Glass Apps, LLC, Guardian Industries, Hitachi Chemical Group, InvisiShade, LLC, Nippon Sheet Glass Co., Ltd., Pleotint, LLC, RavenBrick LLC, Research Frontiers Incorporated, Saint-Gobain SA, SAGE Electrochromics, Inc., Schott Corporation, Smartglass International Limited, and View, Inc., among others.

The research report titled “Smart Glass: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe, Asia-Pacific (China, and Rest of Asia-Pacific), and Rest of World. End-use application sectors analyzed for the global market include Transportation, and Others.

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