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Smart Glass Market Set To See Strong Growth by 2024

Author : Rahul Varpe | Published Date : 2019-03-28 

By technology, global smart glass market is segmented into two categories viz. Active glasses and Passive glasses. Active glass initiates change when stimulated with electricity and passive glass is stimulated by heat and UV light sources. The active glass category can be further segmented into - electrochromic glass, suspended particle devices glass, polymer dispersed liquid crystal glass, nanocrystals and micro-blinds.

Suspended particle devices and electrochromic glass has a substantial market share among active glasses due to its use in automotive and architectural applications. Liquid crystal glasses finds its major use in electronic devices and its market will likely grow at a fast pace in the coming years. Passive glasses can be sub segmented into photochromic and thermochromic glass. These categories are mostly used in power generation.

Smart Glass Market size is forecast to grow at a high rate from 2016 to 2024. Growing demand for sustainable energy solutions will drive the smart glass market during the forecast period. Global smart glass market will be driven by rising trend for green and eco-friendly buildings and non-electric technologies. Growing demand for smart glasses in automobile, electronics, aerospace and aviation industries will fuel the markets growth. Government initiatives for energy conservation and the products use in solar power generation is estimated to propel the market during the forecast period.

To access the table of contents or view the Smart Glass Market report in detail, please click the link below: https://www.gminsights.com/request-toc/upcoming/1273

By end use applications, global smart glass market is segmented into five categories viz. architecture, transportation, power generation, electronics and others. Architectural end users include both commercial and residential buildings and this segment is expected to drive the market in the future.

Transportation segment consists of automotive, aerospace, railways and marine end users. Automotive and aerospace industries are one of the major end users of the product and is likely to boost the growth of the global smart glass market. Solar power generation end users will also fuel the market due to the products extensive use in this field. The products use in other end user segments such as museums and sunglasses will also be a crucial factor in its growth.

The global smart glass market is divided into five regions viz. North America, Asia pacific, Europe, Middle East & Africa and Latin America. North America dominates the smart glass market with high production as well as consumption closely followed by Europe and Asia Pacific.

European market is estimated to grow substantially in the forecast period and may overtake the North American market due to architectural design differences with other regions, for example - larger sized windows in residential and commercial buildings and updated standards of building construction and efficiency. Asia pacific is likely to witness strong growth owing to the booming automobile industry and infrastructural developments in this region.

Key players in the global smart glass market are Saint-Gobain, SmartGlass International, Ravenbrick, Sage Electronics, Hitachi Chemical, Asahi Corporation, DuPont, PPG Industries, Active Glass Technologies, View Inc., Corning, Gentex Corporation and Research Frontiers.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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