DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "World Smart Glass and Smart Windows Market - Opportunities and Forecasts, 2014 - 2022" report to their offering.
Smart glass or smart windows are made up of special glass that changes the amount of light transmitted through it on the basis of voltage, heat or light supplied. As per the input voltage, the glass may change to transparent or translucent and thus controlling the amount of light and heat passing through it. Global Smart glass and windows market is expected to reach $ 3.89 billion by 2017. Initially, smart glasses were meant for architectural purposes in buildings; however, now the application of this material has widened its horizon to automotives, rail, marine, aviation, etc.
Rising sales of luxury cars is one of the factors assisting in adoption of smart glasses in cars. Furthermore, rising energy crisis and need for energy efficiency in buildings is also a key driver of this market. It is estimated that the demand for energy would rise by 40% by 2040. Use of smart glasses helps to maintain the temperature and thus avoids additional electricity usage for the same.
High price of these glasses is a major concern for end users and is deterring the market growth. This restricts the boundary of its consumers to a limited range including rich corporate and commercial buildings. However, decline in price of electro chromic particles used in this technology might bring down the overall price of smart glass to almost 50% by the next decade. The volume of smart glass and windows is expected to reach 2.8 million square meters. This report provides in-depth analysis of the smart glass and smart windows market and delivers future trends and estimation until 2020.
Key companies profiled in this report include:
- Asahi Glass Company
- Gentex corporation
- Hitachi Chemical
- Innovative Glass Corp.
- LTI smart glass
For more information about this report visit http://www.researchandmarkets.com/research/jf85bv/world_smart_glass