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Global smart glass market: 21% CAGR between 2012-2016

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Global Smart Glass Market 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-05 09:11:01
The Global Smart Glass market is to grow at a CAGR of 21.31 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand from the Automotive industry. The Global Smart Glass market has also been witnessing an increasing number of new entrants. However, the high cost of smart glass could pose a challenge to the growth of this market.

The increasing focus on industry-specific smart glass is one of the emerging trends in the Global Smart Glass market. In particular, regional and small smart glass vendors are increasingly focusing on industry-specific smart glass. For instance, some vendors are focusing on the Eyewear industry by providing passive smart (photochromic) glass. Similarly, some vendors are focusing on the Packaging industry by manufacturing photochromic glass.

The increasing demand for suspended particle device smart windows is one of the major drivers in the Global Smart Glass market. The increase in demand for suspended particle device smart windows comes from various end-users such as commercial users, residential users, the Construction industry, and the Aircraft industry. One of the major advantages of smart windows is increased energy savings, the demand for which is increasing, thereby inducing the growth of the Global Smart Glass market.

The key vendors dominating this space are Asahi Glass Co. Ltd., E. I. du Pont de Nemours and Co. (DuPont), and Saint-Gobain S.A. The other vendors mentioned in the report are PPG Industries Inc., Ravenbrick LLC, LTI smart glass Inc., SPD Control Systems Corp., Scienstry Inc., and Gentex Corp.

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Mike King
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