Smart Glass Market Is Driven By The Rapidly Growing Construction Industry Across The Globe

Anurag Sharma
Anurag Sharma

Updated · Jul 2, 2019

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Smart glass which is also called as switchable glass (similarly smart windows or switchable windows in those applications) is the type of glazing or glass and its light transmitting properties are modified by applying heat, light or voltage. In general, the glass changes its mode from translucent to transparent by changing from inhibiting all the wavelengths of the light by enabling light pass through. When the smart glass is installed within building envelopes, it creates climate adaptive building shells. In building engineering, climate-adaptive building shell (CABS) is a term used to define the collection of roofs and facades that interrelate with the instability in their environment in a dynamic way. Climate adaptive building shells are having the capability to change with time.

Increasing demand for the smart glass can be attributed to rapidly increasing residential and commercial construction projects across the globe. In addition, smart glass aids to add an aesthetic look to the building which is fueling the demand and supporting growth of the global market. Smart glass is becoming popular significantly, which can be attributed to its excellent properties including the integral ability of acoustic and thermal insulation, visual 3D designer proposition, and energy- efficiency. This is resulting in its widespread application in various industries such as solar power generation, electronics, etc. and further propelling growth of the smart glass market.



However, the availability of alternative options such as decals & coatings and chemical glazes is a major aspect which may challenge the demand for smart glass.

The type of smart glass includes electrochromic, thermochromic, SPD (Suspended-Particle Devices), and PDLC (Polymer-Dispersed Liquid-Crystal Devices). The electrochromic is becoming popular owing to lessened response timespan for applying glass effects at minimalized energy consumption and capability to deliver high blockage ratio of harmful ultra-violet and infrared rays

trending_up Total Revenue in 2018

$8,574 Mn

trending_up Market CAGR of the Next Ten Years

15.4%

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trending_up Market Revenue of the Next Ten Years

$XXXX Mn

Application of smart glass includes transportation, electronics, architecture, and solar power generation. Architects are preferring and adopting smart technology in new buildings, which is further creating a positive impact on the demand for in the architectural application industry.

Growth of the smart glass market in North America can be attributed to favorable regulations and mandates of the governments regarding energy- efficiency. In addition, these glasses are easy to maintain, i.e. low cost of maintenance which is a major aspect which may have a positive impact on the demand and propelling growth of the smart glass market. Furthermore, increasing production of automotive and the presence of major companies in this region is contributing to significant growth of the smart glass market. Rapidly growing real estate sector in Asia Pacific is creating lucrative opportunities for growth of the smart glass market. In addition, increasing adoption of switchable and tinted glasses as substitutes for conventional glasses among transportation and consumer electronics industries is another aspect creating a huge demand for smart glass in this region.

Major players operating in the global market are View, Saint Gobain, Corning, Asahi Glass, Gentex, Polytronix, PPG, Vision Systems, Glass Apps, Scienstry, Ravenbrick, SPD Control System, Smartglass International, and Pleotint.

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Anurag Sharma

Anurag Sharma

He has been helping in business of varied scales, with key strategic decisions. He is a specialist in healthcare, medical devices, and life-science, and has accurately predicted the trends in the market. Anurag is a fervent traveller, and is passionate in exploring untouched places and locations. In his free time, he loves to introspect and plan ahead.