The Asia Pacific Smart Glass Market is valued at USD XX. XX billion in 2016 and is expected to reach a value of USD XX. XX billion by the end of 2022, growing at a projected CAGR of XX. XX % during the forecast period of 2017 – 2022. Asia-Pacific smart glass market is expected to increase over the period of 2017- 2022, in response to the great amount of research and development going on in this field. Researchers at Shanghai University have designed the first smart window, which can produce electricity. This smart window acts like a solar panel and uses Vanadium dioxide film to produce electricity. The market for smart windows is growing in offices, residential homes and hotels.
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There are two types of smart glasses: active type and passive type. The active type of smart glass responds to the electrical stimulus to make the glass, while the passive type is triggered by light or heat. Active glasses are used in sectors like architecture, healthcare, and automotive, etc. This type of smart glass uses the technologies like Suspended Particle Devices( SPDs), electrochromic devices among others. Boeing 787 Dreamliner uses smart glass so that the passengers and the in-flight crew can select the amount of sunlight coming through, to their liking. Architects use this type of glass to reduce the energy consumption of the building.
The glass varieties range from being clear to translucent or from pellucid to opaque. Smart glass is used to block light, glare and heat. The technology used is helpful to reduce the cost of air conditioning, curtains, blinds and lighting or heating of the room.
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The main driver for this market is the growing consciousness among individuals for the conservation of energy. Currently, energy conservation has gained a lot of impetus from a wide region of sources. Humans for several centuries have exploited the non-renewable resources, which, in turn, has led to the depletion of these precious fossil fuels. This major concern helps smart glass to obtain a huge market for themselves, as they help in saving electricity, without harming the environment or its resources. Contrastingly, the major constraint for the smart glass industry is its high expenses compared to the normal glass.
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