BLOOMINGTON, Minnesota, November 29, 2017 /PRNewswire/ —
According to a new market intelligence report by BIS Research, titled ‘Global Energy Efficient Glass Market – Analysis and Forecast (2017-2026)‘, the global energy efficient glass market is expected to reach $17.82 billion by 2026, at a CAGR of 19.5% from 2016 to 2026. This growth is attributed to the factors such as a global shift towards energy efficient products, government laws and regulations regarding carbon emissions, and mass adoption of smart glass in the automotive and construction industry. The revenue is generated from the different glass technologies, namely, active, also known as smart glass because their properties can be engineered to modify or alter the amount of heat energy penetrating the glass, (electrochromic, suspended particle device, polymer display liquid crystal, and others) and passive (thermochromic and photochromic), in different end-user industries such as building & construction, transportation, power generation, consumer electronics, and others.
Browse 81 Data Tables and 132 Figures spread through 272 Pages and in-depth TOC on “Global Energy Efficient Glass Market“
The demand for energy efficient glass is witnessing substantial growth in the emerging nations, especially in countries such as China, India, and Brazil, among others, which are witnessing a massive growth. The robust growth in the developing regions is largely propelled by the increasing urban population and growing disposable income which in turn have stimulated the growth in the glass industry. As a result of these demographic changes, the global glass industry has undergone extensive structural reformation. The trends of the energy efficient glass market vary across different geographical regions. The market currently holds a prominent share in various countries of North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). Presently, North America is at the forefront of the energy efficient glass market, with high market penetration in countries such as the U.S., Canada, and Mexico. The European market is expected to overpower all the other geographies, in terms of the adoption rate of these advanced technologies, owing to the stringent governmental regulations, growing glass, transportation, and construction industry, and the region’s sustainability goals for 2020, 2030, and 2050.
According to Nikita Kheterpal, analyst at BIS Research, “By technology, the global market for energy efficient glass was dominated by active glass that held a market share of 82.5% in 2016. This technology is projected to reach $15.1 billion