DUBLIN, August 12, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Smart Glass Market 2016-2020" report to their offering.
The global smart glass market to grow at a CAGR of 19.88% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global smart glass market for 2016-2020. To calculate the market size, the analyst considers the revenue generated through sales of smart glass products for applications such as transportation, infrastructural development, and others (electronics applications and solar energy applications). The report also includes a discussion of the key vendors operating in this market.
One of the key trends for market growth will be rise in application in infrastructural development. The global smart glass market is observing a rise in the use of smart glass in the architecture and construction sector. With the governments of many countries around the world opting to construct buildings and offices with energy-saving properties, the global smart glass market is estimated to grow at a rapid pace. The infrastructural development segment accounted for 25% of the market in 2015 and is the second-largest application segment for smart glass across the globe.
According to the report, demand for glazing by the customers will be a key driver for market growth. The global smart glass market is projected to grow during the forecast period due to the anticipated increase in demand for glazing during the forecast period. The growing cost of energy has resulted in a drastic change in the consumer mind-set across the globe, with most consumers now going for residential buildings with more glazing area rather than ones with the lesser glazing area. This has led to an increase in the use of photochromic and thermochromic glass because of their heat and light shielding properties.
Further, the report states that premium pricing will be a challenge for the market. Smart glass manufacturers globally have kept the prices of their products high to form a high-end perception for smart glass among consumers. This practice of premium pricing is a major challenge to the growth of the market. Consumers are reluctant to use it in the construction sector as smart glass costs more than plain glass. Smart glass products are mainly used in high-end automobiles because the consumer base is small. Automobile manufacturers and smart glass suppliers need to reduce their prices to expand their consumer reach and facilitate growth in the automotive sector, the major application sector for smart glass products.
Other prominent vendors
- Cardinal Glass
- Dow Chemical
- Garware Suncontrol
- Glass Apps
- ICE AV
- Innovative Glass
- LTI Smart Glass
- NeoView Kolon
- Nippon Sheet Glass
- Pulp Studio
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by technology
Part 07: Market segmentation by application
Part 08: Geographical segmentation
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/p94xb2/global_smart
Related Topics: Glass
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SOURCE Research and Markets