Growing Investment in the Construction of Commercial Buildings Fuels the Growth of Global Dynamic Glazing Market
Description :
Dynamic
Glazing Market Information by Technology (Polymer Dispersed Liquid Crystals
(PDLC), Suspended Particle Device, Photochromic, Thermochromic,
Electrochromic), By Application (Day Lighting Performance, Glare Control,
Energy Savings, Heat Gain), By End-Use (Residential, Commercial, Transportation
and Others) and By Region – Forecast To 2030
Keywords:
Dynamic
Glazing Market Information Market industry , Dynamic
Glazing Market Information Market, Global Dynamic Glazing Market Information industry ,
Fatty Acid Methyl Ester Industry value, Fatty Acid Methyl Ester Industry segment
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Dynamic Glazing Market Analysis:
According to Market Research
Future (MRFR), the global dynamic glazing market is expected to grow with 10%
CAGR from 2016 to 2030 (forecast period).
Dynamic glazing uses
electrochromic technology to darken the inside of a piece of glass. This
technology allows a thin coating to be modified from transparent to tinted when
a small DC voltage is applied. The most growing example of this technology is
seen in eyeglasses that darken when one goes outside. Dynamic glass for
architectural applications maintains four distinct rates of tint corresponding
to 4%, 20%, 40%, and 60% of visible light transmission (Tvis), respectively.
The ground-breaking architectural glazing approach supports a reduced carbon
footprint, aims to gain LEED certification, and dramatically decreases energy
costs. Dynamic glazing substantially decreases the required HVAC unit size and
thus its carbon footprint by reducing the solar heat gain (the amount of heat
that reaches the glass structure naturally from the sun). Dynamic glass can be
connected to an automatic building management system, a home automation system,
or even controlled independently from a mobile device. Dynamic glass is powered
by a low voltage system. This makes the glass energy efficient and easy to
mount.
Market Dynamics:
The dynamic
glazing market is mainly driven by growing investment in the construction
of commercial buildings. Dynamic glazing helps reduce energy consumption and
facilitates a sustainable building infrastructure design. Dynamic glazing
facilitates dynamic control of enclosure light and heat flow, resulting in
considerably more energy savings than comparable static solutions. Dynamic
glazing allows the occupant to monitor the ambient atmosphere by tinting the
window either by flipping the switch or by increasing and lowering the shade
placed between glass panes, which drives the growth of the business.
Segmentation:
The global dynamic glazing market
has been segmented into technology and end-user.
Based on technology, the segment
is further divided into thermochromic and electrochromic. The thermochromic
segment is expected to rise significantly during the forecast era.
Thermochromic glazing is a form of dynamic glazing technology that can adjust
the visible light transmission with the intention of reacting to changes in the
environment. The occupant has little control over the tint level of the glass
in this form of dynamic glazing. The electrochromic segment is expected to rise
the fastest in the forecast era. Electrochromic has the potential to reversibly
adjust its visible light transmission and the coefficient of solar heat gain by
the touch of a button or in response to sensors. The obtainability of larger
size electrochromic glazing glass, higher volumes, better exterior color
aesthetics, and non-rectangular shapes have further contributed to the growth
of the electrochromic segment in the dynamic glazing industry.
On the basis of end-users, the
global dynamic glazing market is segmented as residential, industrial, transport,
and others. The commercial segment is projected to rise the fastest in the
forecast era. This development can be attributed to rapid changes in the
construction of commercial buildings and offices. Dynamic glazing is also
commonly used for industrial purposes in the maritime, hospitality, aviation,
and other industries.
Regional Analysis:
The global dynamic glazing market
has been segmented, by region, into the Americas, Europe, the Asia Pacific, and
the Middle East & Africa.
Europe dominates the dynamic
glazing market due to the high popularity of dynamic glass as a construction
material and the massive investment in this area by key players such as
Saint-Gobain SA.
North America is also seeing
steady growth due to strong government policies for energy-efficient goods and
the involvement of key industry players such as Guardian Industries and Corning
Inc.
Throughout the Asia Pacific,
however, the competitive glazing market is booming due to the growing demand
for energy efficiency, heat & light control, and automatic shading, which
will generate more revenue, thereby contributing to market growth.
Key players :
The key players of the global
dynamic glazing market include GlasNovations, Ltd. (U.K.), Guardian Industries
(U.S.), Pleotint LLC (U.S.), Beautex Industries Pvt. Ltd (India), GPD Group
(U.S.), Corning Inc. (U.S.), Saint-Gobain S.A (France), Research Frontiers,
Inc. (U.S.), PPG Industries, Inc. (U.S.), Nippon Sheet Glass Co., Ltd.(Japan),
and others.
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