Smart Glass Market
North America to Gain Supremacy among all Regional Markets
According to the research report, the worldwide market for smart glass is spread across North
America, the Middle East and Africa, Asia Pacific, Latin America, and Europe. The global market has
been led by North America over the past few years and is expected to remain so throughout the
forecast period. The growth of this regional market can be attributed to the increasing prominence of
renewable sources of energy, specifically solar energy. As smart glass has an important role to play
in the generation of solar energy, the demand for smart glass is expected to increase with the
increasing uptake of solar energy in this region.
North America acquired 30% of the overall market in 2015 and was closely followed by Asia Pacific
and Europe. The smart glass market in Asia Pacific is relatively new and is showing immense
potential for future growth; however, Europe, being a mature market, is predicted to witness a decline
in its market share over the next few years, notes the study.
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Demand for Sustainable Energy to Influence Uptake of Smart Glass
On the grounds of the depleting sources of energy, the demand for sustainable energy, nowadays,
has increased substantially, compelling governments across the world to implement regulations and
take initiatives to reduce the consumption of energy. The promotion of green buildings is one of the
most prominent initiatives for energy conservations taken by the governments in a number of
developed countries. “Since smart glass play a significant role in saving the energy required for
heating, cooling, and lighting in green buildings, its demand has soared, globally,” says an analyst at
TMR.
With the increasing proliferation of green building across the world, the global smart glass market is
likely to fare impressively in the near future. However, the