The European market for smart glass has been steadily increasing for the last few years. The market demand for these products is increasing steadily with the growing concern for energy conservation. Consumers in Europe have become conscious about the energy saving woes. Hence, they are adopting suitable methods, while building new civil structures. The market demand for this type of glasses originates from offices, hotels and residential homes.
These 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.
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 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.
Imminent companies like Saint-Gobain, Hitachi, Nippon, Asahi Glass and Gentex Corporation, are working hard to discover further applications of smart glass in the industry. This report presents an exhaustive study of the strategies adopted by these companies. Additionally, the geographies where the industry finds its profitable market shares are also discussed at length, in this report. In addition, the market trends are analyzed and estimates are provided for the analysis period of 2016 - 2021. Further, the various applications of smart glass find a lot of room in this exhaustive report, covering a comprehensive overview of the market.
What the Report Offers:
- Market definition for the Europe smart glass market, along with identification of key drivers and restraints.
- Market analysis for the Europe smart glass market, with country-specific assessments and competitive analysis for the region of Europe.
- Identification of prime factors instrumental in changing the market scenario, giving prospective opportunities and also, the identification of key companies that can influence the market on a regional scale.
- Extensively researched competitive landscape sections with profiles of major companies along with their market share.
- The identification and analysis of the macro and micro factors that affect the Europe smart glass market.
- A comprehensive list of key market players along with the analysis of their current strategic interests and pivotal financial information.
