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Global Smart Glass Market Insight2022-01-26 Comments
Global Smart Glass Market has witnessed growing treads over the five years. According to the World Knowledge Information (WKI)Global Smart Glass Market Report 2021, Forecast to 2026. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 15.5% base on WKI regression analysis model.
“With the sharp increase in sales of new energy vehicles and the demand for replacement of existing vehicles, governments of various countries have vigorously supported their own new energy enterprises, and the Smart Glass industry has ushered in unprecedented opportunities，the market growth rate of Smart Glass is very rapid”said Wikky, Senior analyst, Global New Energy Market Research Center in WKI. However, when Smart Glass market participants are pursuing market share, they also need to consider safety and versatility to adapt to the rapid development of the market.
According to WKI Global Smart Glass Market Research Report：In May 2019, NSG Group entered a joint development agreement between its subsidiary and Ubiquitous Energy, a leader in transparent solar technology. The ongoing joint development work targets the development, manufacture, and integration of Ubiquitous Energy’s ClearView Power technology into architectural window glass that has the potential to produce solar electricity for buildings.Under such circumstances, the future of Smart Glasss has been given higher expectations.
Divided by enterprise, the global Smart Glass market is highly monopolized. Japan’s Asahi Glass Company is the world’s largest glass manufacturer, occupies a high share of the smart glass market. Moreover, the glass industry giants also occupy a huge share of the Smart Glass market. The world’s three major smart glass manufacturers, NSG, Asahi Glass (AGC) and Saint-Gobain, and their joint ventures around the world affect prices and trends in this market.
Segmentation of Smart Glass Market:
The global Smart Glass market is segmented on the basis of technology. By technology , it is divided into Low-Emissivity glass，Active glass and Passive glass.The largest application field of Smart Glasss is in the automotive field.With the continuous popularization of new energy vehicles, the advantages of Smart Glass have become greater and greater.Smart glass can not only regulate the temperature in the car but even generate electricity, which has attracted great attention from manufacturers.
Smart Glass Market: Regional Analysis
In terms of geography, the Global Smart Glass market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Asia is estimated to be the largest smart glass market and is projected to grow at the fastest CAGR during the forecast period. This growth can be attributed to the improving socio-economic conditions in emerging economies such as China and India. The growth in population in these countries has resulted in an increased vehicle production and sales,This has resulted in increased demand for Smart Glass.With the rapid spread of 5G technology in the Asia-Pacific region, the functions of Smart Glasss will become more diversified. Under such circumstances, the market share of Smart Glasss will further increase.