Persistence Market Research is released upcoming report on title "Electrochromic Smart Glass Market: Global Industry Analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 12/18/2014 -- Electrochromic smart glass is a technological glass which can change its properties according to the needs of its environment. Electrochromic smart glass consist of two glass panes with various layers sandwiched between them. Electrochromic smart glass can be tinted, clear, colored and opaque. This glass has the capacity to modulate heat and light transmission according to the situation. Low power consumption and integration of color without color filters are some of the advantage of electrochromic smart glass. The switching speed of electrochromic glass is slow and it varies according to the size of the glass. Larger glass may generally takes more respond time as compared with shorter glass panel. Desire to regulate the solar radiation through the windows is one of the key reason; most people prefer to use electrochromic smart glass.
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Electrochromic smart glass is a modern and innovative smart glass which can be used in educational buildings, corporate building, hotels, hospitals, labs, retail outlet, commercial and residential building to create partitions in their walls, windows and skylights. Growing investment over architectural segment further helps to increase in electrochromic smart glass market. Aviation is also one of the major sectors, where the demand of electrochromic smart glass is expected to growing during the forecasted period. This further helps in the growth of global electrochromic smart glass market.
Application of electrochromic smart glass is widely in automobile sector. Premium automobile players such as Mercedes-Benz SLK and BMW AG use electrochromic smart glass in their window and roofs. Global brand such as SAGE Electrochromics and Smartglass International Limited offers most innovative electrochromic smart glass in the market with emphasis on latest technology and better quality. Growing investment over research and development on electrochromic smart glass and introduction of new technology further helps in the growth of electrochromic smart glass market.
Asia Pacific is one of the prominent markets for electrochromic smart glass market. With the growth investment over domestic and institutional buildings construction, electrochromic smart glass market is also on the rise. Rising economy and growing household income are some of the key factor which triggers the electrochromic smart glass market in Asia Pacific region. Asia Pacific is expected to witness fastest growing market for electrochromic smart glass during forecasted period. In the U.S., the energy consumed by commercial and residential buildings is estimated to be around 40% of total nation's annual energy consumption. Heat transmission through windows account around 20% of total energy consumed by buildings. Use of electrochromic smart glass further helps in energy reduction. Government initiative regarding Net-Zero-Buildings concept further helps in the growth of electrochromic smart glass. In North America, the U.S. holds the largest market share of electrochromic smart glass market. The global of electrochromic smart glass market is expected to grow in a double digit growth rate during forecasted period 2014- 2020.
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Some of the major companies operating in global electrochromic glass market are Smartglass International Limited, SAGE Electrochromics, Asahi Glass Corporation, View Inc, Shenzhen Hongjia Glass Product Co, Dupont, Saint-Gobain S.A. and Guangdong Kangde Xin Window Film Co., Ltd.
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Key points covered in the report:
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market.
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