According to a new market report published by Transparency Market Research “Smart Glass and Window Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021” smart glass and window market was valued at US$2.2 bn in 2014 and is expected to exceed US$6 bn by 2021, at a CAGR of 14.7%, from 2015 to 2021.
Browse the full Smart Glass and Window Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021 report at http://www.transparencymarketresearch.com/smart-glass-window-market.html
Increasing demand for efficient utilization of energy among building managers, owners and construction companies is primarily fueling the smart glass and window market globally. Moreover, rapid demand for smart glasses in automobile sector has significantly resulted in production of fuel efficient smart glasses with low carbon emissivity. Nowadays, due to its special features such as the ability of blocking UV light and fast switching capability, these glasses are preferred over normal glasses. In addition, smart window reduces heat formation within vehicles and ensures passenger safety. Considering all these factors the market for smart glass and window is expected to witness robust growth during the forecast period.
Smart windows are dynamic and are emerging as the future technology. Key players are constantly involved in expansion of smart glasses in new and existing application areas, such as power generation, construction and automotive among others. Hence, there is significant opportunity for the smart glass and window market worldwide. Moreover, developing countries like India and China have huge number of population and thus require efficient technologies to reduce and conserve their energy needs, which in turn will augment the growth of smart glass and window market in the future. However, high price of smart glasses is a significant concern for end users and is restraining the...