TMR_Research_Reports_2017 Smart Glass Market Research Report By 2024 | Página 2

Smart Glass Market
REPORT
Smart Glass Market - Global Industry Analysis Size Share Growth
Trends and Forecast 2016 – 2024
The global smart glass market has been expected by Transparency Market Research (TMR) to
exhibit a consolidated arrangement of competitive landscape with a handful of companies providing
niche offerings for end-use applications. In 2015, Guardian Industries, DuPont, Saint-Gobain, and
Asahi Glass Co., Ltd. had accounted for a strong 40.0% share in the global smart glass market. In the
coming years, the competition could aggravate due to an elevating count of companies looking to
make a mark in the global smart glass market with strategic alliances, acquisitions, and mergers.
Global smart glass market players have also been anticipated to follow the widespread business
strategy of vertical integration and technology licensing. Partnership and collaboration could be
another strategy where players have been predicted to be interested in associating with insulating
glass unit (IGU) manufacturers, chemical and material science firms, and flat glass producers.
Obtain Report Details @ http://www.transparencymarketresearch.com/smart-
glass.html
As per the statistics obtained by TMR in a report, the global smart glass market could expand at a
CAGR of 14.50% from 2016 to 2024. By the end of the forecast period, the global smart glass market
has been prognosticated to earn a US$7.04 bn, progressing from US$2.10 bn in 2015. By end use,
the global smart glass market could witness a staggering growth in the transportation industry that
had secured an almost 57.0% share in 2015. Closely followed by Europe and Asia Pacific, North
America had bagged in an approximate 30.0% share in the global smart glass market in the same
year.
Need for Green Initiatives and Sustainable Energy Augurs Well
The demand in the world smart glass market has been envisaged to testify a telling surge on the back
of a substantial role played the product to save ample of energy required for lighting, cooling, and
heating purposes in green buildings. An increasing count of developed nations are taking to green
initiatives supported by their governments to conserve energy. The need to reduce the consumption
of energy could be due to the alarming depletion of energy sources testified worldwide and a
ballooning demand for sustainable energy.
Developed economies such as North America have been foretold to adopt smart glass at a swelling
degree owing to a rising prominence of the generation of solar energy. Advantages such as reduced
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