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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