Smart Glass and Window Market -
The major factor fuelling the growth of global smart glass and window
market is increasing demand for energy efficient products in
construction sector. Moreover, smart windows ensure fuel efficiency
and passenger comfort and are widely utilized in automotive, aircraft
and marine among others. In addition, new technological advancement
in terms of structural design is likely to create further growth
opportunity for the market. However, high price of smart glasses is
expected to hinder the market for smart glass and window during the
forecast period from 2015 to 2021 but is expected to cater developed
market in positive oriented manner.
By technology, the market for smart glass and window is divided
broadly into two major segments, active and passive. The active
segment has been further classified into polymer dispersed liquid
crystals (PDLC), suspended particle device (SPD), electrochromic and
others. Active smart glass and window market held the largest share
of global smart glass and window market in 2014. The major reason is
attributed to wide implementation of these glasses in transportation
and construction segments due to their simplified operation.
Moreover, SPD smart windows do not create hazy appearance and are
capable of preventing transmission of light up to 99.5%. These
glasses have potential applications in airplanes and automobiles.
Thus, SPD segment contributed to the largest share of the market for
active smart glass and window in 2014.
The passive smart glass and window segment is further segmented into
passive photochromic and passive thermochromic. Due to the increasing
demand of passive smart windows in power generation and some parts of
construction sector, this market is anticipated to grow at a
subsequent rate during the forecast period. Passive photochromic
segment held the largest share of the market for passive smart glass
and window in 2014. These smart windows provide broader range of
dimmability and have potential application in the architectural
sector.
In terms of application, the smart glass and window market is divided
into four segments: automotive, aircraft, construction and marine.
Automotive sector contributed to the largest market share in 2014,
owing to rising implementation of smart glasses for user comfort and
fuel efficacy. Moreover, the construction sector held the second
largest market share in 2014. The major reason is attributed to
increasing demand for efficient consumption of energy in residential
and corporate buildings.
The global smart glass and window market has been segmented broadly
into four regions: North America, Europe, Asia Pacific and RoW (Rest
of the World). In terms of revenue, North America acquired the
largest share of the market in 2014 accounting for 31.8% of the
market share. Rapid technological investment, supportive government
mandates and demand for energy and fuel efficiencies can be
attributed to potential utilization of smart glass and window in this
region.
Download Brochure Containing Technical Properties of Smart Glass
and Window at: http://bit.ly/29dkG52
Some of the leading players in the smart glass and window market are
Research Frontiers, Inc.(U.S.), View Inc.(U.S.), Pleotint Llc.(U.S.),
Asahi Glass Co., Ltd.(Japan), Compagnie de Saint-Gobain S.A.(France)
and Hitachi Chemical Co., Ltd.(Japan). The market is highly
consolidated with major companies accounting for approximately 80%
market share in 2014. Key players are continuously focused on
development of new products in order to cater to the needs of its
huge customer base. Moreover, these companies are engaged in
strategic partnerships with cross-segment industry key players to
expand and diversify its product portfolio.
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