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Smart Glass Market Will Reach USD 39.2 6.56 Billion By 2021

Post Time:Sep 14,2018Classify:Industry NewsView:995

As estimated in the report by Zion Market Research, the Global smart glass market witnessed a value of over USD 2.1 Billion in 2015. The global smart glass market is expected to touch the value of about USD 6.56 Billion in 2021. As per the report, the smart glass market will mount at a CAGR of a slightly above 19.0% between 2016 and 2021.

Smart Glass is an innovative building material. Smart glass is used in the construction of smart partitions, windows, and skylights. Smart glass uses an advanced technology with external stimulus properties. It uses the concept of clean technology. Smart glass can switch its properties according to the outside temperature. It can be controlled either manually or automatically to manage the light and heat.

Smart Glass Market To Propel Owing To Increasing Government Support And Investment In The Automobile Industry For Novel Products

Government support along with the huge investments in the automobile sector to obtain novel products is boosting the global smart glass market. Rising requirement for eco-friendly as well as energy efficient products is driving the smart glass market. An additional important aspect contributing to an impressive growth of smart glass market is its cost efficiency and minimum maintenance fees. Rising requirement for energy efficient and broad variety of application products is offering a vigorous growth opportunity for smart glass market for the estimated period. Rising technological advancements in this field and the implementation of these enhancements is also one of the reasons for the development of the global smart glass market.

Gentex Corp., Raven Brick LLC, Smart Glass International Ltd., AGC Ltd, Pleotint LLC, SPD Control System Corporation, Scienstry Inc., Hitachi Chemicals Co. Ltd, and PPG Industries are some of the dominating market players in the global smart glass market.

Global Smart Glass Market To Witness Tremendous Growth In China

China demonstrates tremendous growth in the smart glass market due to the requirement for high-end technologies as well as the increasing support of the local governments for using energy efficient smart glasses. North America represents itself as the largest market landscape because of high utilization as well as the manufacturing of smart glass. During the forecast period, Europe is supposed to witness a remarkable growth.

By Region

· North America

The U.S.

· Europe

UK

France

Germany

· Asia Pacific

China

Japan

India

· Latin America

Brazil

· The Middle East and Africa

 


Source: zmrnewsjournal.usAuthor: Shangyi

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