Global Smart Glass Market Report 2022: Increasing Usage of Smart Glass in Commercial Architecture for Energy Efficiency Drives Sector
DUBLIN, Oct. 5, 2022 /PRNewswire/ -- The "Smart Glass Market by Technology (Suspended Particle Display, Electrochromic Glass, Liquid Crystals, Micro blinds, NanoCrystals, Photochromic and Thermochromic), Application, Control Mode and Geographic Analysis - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
Increasing usage of smart glass in commercial architecture for energy efficiency
The Architecture segment is projected to grow at the highest CAGR from 2022 to 2027 for the smart glass market, by application. Energy efficiency continues to be a key factor for the adoption of smart glass in the architecture sector. Stringent energy conservation laws for buildings and government policies supporting green buildings would boost the adoption of smart glass in the architectural segment.
Suspended Particle Display technology to hold the largest share of smart glass market during the forecast period
The suspended particle display is projected to account for the largest size of the smart glass market from 2022 to 2027, by technology.SPD smart glass-enabld products have fewer maintenance costs, making these products a popular choice in industries. SPD smart glass has a strong presence in the architecture application. SPD smart windows offer energy savings, lower maintenance costs, and increase the aesthetic value of a structure, which, in turn, is helping the market to grow.
India is projected to grow at highest CAGR in Asia Pacific Region between 2022 and 2027
The increasing awareness level about smart glass and the advantages associated with its use are expected to drive the smart glass market in India. Smart glass products are increasingly being used in the architectural and transportation sectors. Government policies and support for energy efficiency and regional government support for green buildings would boost the demand for smart glass. Smart glass is utilized by Indian railways in its premium superfast trains' first-class compartments. These developments show stronger adoption of smart glass in this region.
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Research and Markets
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