Europe – Potential Growth Market for Smart Glass - New Report by MarketsandMarkets
(PRWEB) October 18, 2014 -- MarketsandMarkets report "Smart Glass market by technology, application, geography - Global Forecast to 2014 - 2020", defines and segments the smart glass market into various segments with an in-depth analysis and forecasting of revenues. This research report also identifies the factors driving this market, various restraints, challenges and opportunities impacting it along with the future roadmaps.
The value of Smart glass market was worth $1581.4 Million in 2013, and is expected to reach $5814 Million by 2020, at an estimated CAGR of 20% from 2014 to 2020.
Browse 131 market data Tables and 61 Figures spread through 520 Pages on "Smart Glass market - Global Forecast to 2020".
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Smart glass is also known as switchable glass and it’s a type of glass which changes its light transmission properties as per the provided stimulus such as; voltage, heat or light. From its early introduction in 1986 by Gentex Corporation, to the technological advancements and commercialization after the latter half of 2000s, this industry has evolved tremendously. Development in this technology over the years has made smart glass more efficient and commercially viable product, which has lead to increase in the number of applications.
In this development of smart glass market, North America and Europe have been the major contributing geographical regions so far. Being one of the developed economies in the world, these marketplaces are more open to change and adapting to new lifestyle, improved products such as smart glass. In the current market scenario, North America seems to be a leading geographical segment for smart glass market, in terms of consumption and rate of growth.
Europe holds the potential to give stiff competition to North America after 2020 with a CAGR of 19.5%. Europe is forecast to be the most thriving marketplace for this glass. In Europe there are several supporting factors, responsible for the rising demand for this glass such as- supportive government policies for the use of energy efficient products and strong presence of key industry players. Europe consists of industry players such as Saint Gobain (France), Smart glass international (Ireland) and so on.
The European region is expected to drive the market in coming years. Technological advancements and recovering economy would act as driving factors during the growth period. Rapidly increasing energy cost will trigger the demand for energy efficient products. It is expected that the ability of smart glass to reduce the overall energy consumption of the building, while also offering attractive features such as ‘on demand privacy’ or ‘glare-control’ will multiply it’s applications in European region. Multi-purpose quality of this glass would make it a popular building material for variety of architectural applications. Particularly, in extreme weather conditions in selected European regions, smart glass would offer a suitable solution for maintaining the inside temperature and thus saving the overall energy costs. Thus, it is expected that Europe will be a key potential growth market for smart glass over the coming years.
The report has segmented the Smart Glass Market by technology, application and geography. It provides thorough analysis of the present market scenario and its projection till 2020. The report also captures the market roadmap with market size estimates, revenue forecasts, value chain, leading players, and their key developments, strategies, and profile. Besides, major smart glass technologies have been discussed in the report. Whereas, the geographical segmentation section gives the Smart Glass Market for various geographical regions namely: North America, Europe, APAC, RoW and Latin America.
The major application segments that have been extensively covered in the report are architectural, transportation, power generation (Solar) and electronics & others. The detailed segmentation by commercial architectural applications included in the report covers educational, corporate, healthcare and Retail applications of smart glass. While automotive segment takes into account smart glass products such as windows, doors, windshields and rear view mirrors.
It also evaluates the market through various models such as the Porter's five forces model, and analyzes the market's value chain, vendor landscape and so on. It also profiles more than 10 key players in this market along with the in-depth competitive landscape.
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