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Smart Glass Market to grow at 16% CAGR to hit $10 billion by 2025

Post Time:Feb 27,2020Classify:Industry NewsView:948

Dallas, Texas, Feb. 24, 2020 (GLOBE NEWSWIRE) -- The "Smart Glass Market by Technology (Suspended Particle Display, Electrochromic, Liquid Crystal, Photochromic, Thermochromic), Application (Architecture {Commercial, Residential}, Transportation {Automotive, Rail, Aviation, Marine}, Power Generation (Solar), Others) and Region, Global Forecasts 2020 to 2025" study provides an elaborative view of historic, present and forecasted market estimates.

Rising regulatory directives, such as National Green Building Standard, LEEDs, and Green Globes, for energy-efficient buildings, are encouraging the real estate industry to invest across smart energy solutions including smart glass. In addition, the rising applications in the field of the transport industry are proliferating the opportunities for smart glass industry players. Moreover, shifting trend toward the luxury and the private jet has escalated the product demand. As a result, the industry players are focusing on escalating their production capacities and enhancing the capabilities of smart glass, which in turn is complementing the industrial outlook.

The global smart glass market size is projected to surpass USD 10 billion by 2025. Smart glass is an advanced glass that can alter light transmission properties. In general, the technology has the capability to change its characteristics from transparent to opaque, through modification in light passing through the glass. Its growing application across construction, architecture and automobile sector is anticipated to stimulate the industry over the forecasted timeline.

The report also throws light on various aspects of the global smart glass industry by assessing the market using value chain analysis. The report covers several qualitative aspects of the smart glass industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company pr

Source: https://www.benzinga.com/pressreleases/Author: shangyi

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