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Green technology

Smart Glass Market to Reach $8.2 Billion by 2027

Strategic Insights

— 1 min read

The global smart glass market is expected to grow from $5.0 billion in 2022 to $8.2 billion by 2027, with a compound annual growth rate (CAGR) of 10.4% from 2022 to 2027. This growth is driven by factors such as high potential in solar power generation plants, new avenues for growth, growing need for sustainable buildings, and rising demand for energy-efficient products. The increasing importance of smart glass in the healthcare industry and its energy-saving capacity are also expected to contribute to its growth.

Key Takeaways:

  • The Architecture segment is projected to grow at the highest CAGR from 2022 to 2027, driven by increasing adoption of smart glass for energy efficiency and government policies supporting green buildings.
  • Suspended Particle Display (SPD) technology is expected to hold the largest share of the smart glass market during the forecast period, due to its low maintenance costs and strong presence in the architecture application.
  • India is projected to grow at the highest CAGR in the Asia Pacific region between 2022 and 2027, driven by increasing awareness of smart glass and government support for energy efficiency and green buildings.
  • Smart glass is being used in various industries, including healthcare, automotive, and architecture, and its demand is expected to increase due to its energy-saving capacity and aesthetic value.
  • Key players in the smart glass market include Agc, Agp America, Central Glass, Chromogenics Ab, Corning, Fuyao Glass, Gauzy Gentex, Halio, Innovative Glass Corp, Miru Smart Technologies, NSG Group, and others.

Statistics:

  • The global smart glass market is expected to grow from $5.0 billion in 2022 to $8.2 billion by 2027.
  • The CAGR of the smart glass market is projected to be 10.4% from 2022 to 2027.
  • The Architecture segment is expected to grow at the highest CAGR from 2022 to 2027.
  • SPD technology is expected to hold the largest share of the smart glass market during the forecast period.
  • India is projected to grow at the highest CAGR in the Asia Pacific region between 2022 and 2027.

Sources:

  • "Smart Glass Market Research Report" by Research and Markets, October 2022.
  • Published on PRNewswire, October 5, 2022.

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