DUBLIN, 13 September, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Smart Glass Market - Global Forecast to 2022" report to their offering.
The global smart glass market is expected to grow from USD 2.34 Billion in 2015 to USD 8.13 Billion by 2022, at a CAGR of 19.2% between 2016 and 2022.
The emerging automobile and architectural buildings end-use industry create a huge demand for the smart glass market across the world. The major factors driving the growth of the market are the need for energy-efficient solutions and government regulations for green buildings. Furthermore, the growing automotive sector is expected to drive the market in the near future.
North America and Europe are the biggest contributors in this industry in terms of consumption and manufacturing capacities. Currently, Europe is the leading market in smart glass owing to the increasing need to reduce the energy consumption and incorporate energy-efficient building materials and technologies in the architectural and transportation sectors. The APAC smart glass market is also expected to witness significant growth between 2016 and 2022.
The major factors restraining the growth of market are the high cost of smart glass, lack of awareness about smart glass among end consumers, and delayed switching response time for changing the states from transparent to opaque or vice-versa for large surface area. Moreover, the high investment involved in the manufacturing and R&D of smart glass poses a key challenge for smart glass market players.
- Asahi Glass Co. Ltd.
- Gentex Corporation
- Glass Apps LLC
- Hitachi Chemical Co. Ltd.
- PPG Industries
- Pleotint, LLC
- Ravenbrick LLC
- Research Frontiers Incorporated
- SPD Control System Corporation
- Sage Electrochromics, Inc.
- Scienstry Inc.
- Smartglass International Ltd.
- View Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Smart Glass Market, By Technology
8 Smart Glass Market, By End-Use Industry
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/bw8rv9/smart_glass
- North America Smart Glass Market - By Applications, Vendors and Geography - Forecasts and Trends (2015 - 2020)
Related Topics: Glass
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SOURCE Research and Markets