Smart Glass Market is estimated to grow at a CAGR of 12.01% to reach a value of US$8.863 billion by 2025
Knowledge Sourcing Intelligence announces the publication of a new report on “Smart Glass Market – Forecast from 2020 to 2025” to their offering.
According to the report, the Smart Glass Market is projected to grow at a CAGR of 12.01% to over the forecast period 2019-2025. The growing inclination towards energy friendly as well as environmental-resource friendly green blinding throughout the world is one of the major factors that are and will fuel the smart glass market growth. Moreover, financial support from the regulatory authorities within the national, provincial and local governance along with attractive tax rebates too are fueling the smart glass market growth. Apart from the aforesaid, the growing automotive industry is also leading to a surge in the demand for smart glass that is the global smart glass market. It is because of the same properties of aiding of heat regulation thus saving energy. Nevertheless, despite such great prospects and the plausible applications of smart glasses, the dearth of adequate awareness will pose as restraining factors to the smart glass market growth. Moreover, the profusion of substitutes that are at the ready disposal of the consumers is also poised to impede the growth of the smart glass market.
Moreover, with increasing concern about climate change, the governments of various countries are institutionalizing various regulatory policies that are bringing about a sea-change in the real-estate sector. Further, catapulting the adoption of eco-friendly and green technologies along with huge energy savings are also set to fuel the growth of the smart glass market during the forecast period. Besides, the rise of the middle income in the APAC region will also fuel the demand for smart glasses to be used in the residential sector. Aided by this growing consumer base and initiatives of smart cities taken by various governments are poised to create a herculean opportunity for the smart glass market. Moreover, the growing automotive industry in emerging economies is slated to fuel the growth of the smart glass market. Nevertheless, there are substitutes like PDMS, which is an affordable smart glass alternative brought about by the researchers of the Massachusetts Institute of Technology. As per their claim, it is a more reasonable polymer material for smart windows. It is known to adjust as per the incoming light and can be extensively utilized in applications that help in controlling light through windows.
The major players covered as part of the report are Asahi India Glass Limited, Corning Incorporated, Gentex Corporation, Halio North America LLC, Hitachi Chemical Co., Ltd., Polytronix, Inc., Saint-Gobain Group, Smartglass International Limited and View, Inc. among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/smart-glass-market
In this report the smart glass market has been segmented based on the following:
- Electrochromic (EC)
- Suspended Particle Devices (SPD)
- Polymer Dispersed Liquid Crystal (PDLC)
By End-User Industry
- By Geography
- United Kingdom
Middle East and Africa
- Saudi Arabia
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