As a result of new production capacity entering the market within the year, production costs will go down, allowing the sector grow.
A new report from Pike Research predicts that smart glass production could become a nearly $700 million area of the flat glass market by 2020, eight time more than it’s worth today.
“High-performance buildings require a level of control over energy that many of today’s automation systems are only now starting to address,” senior analyst Eric Bloom says in a statement. “Smart glass is an innovative technology that both provides building owners unprecedented control over solar heat gain and offers a visually impressive alternative to flat glass.”
North America and Europe are expected to take the lead in this growth, but researchers also see the potential for a lot of growth in China, where a building boom is now underway.
And as more people start to adopt green building standards, industry will look to smart glass to address these needs.
Pike Research reports:
“This class of high-performance glazing products offers significant energy efficiency, aesthetic, and user comfort and wellbeing benefits as compared to conventional ’static’ glazing.”
To learn more about the report, visit Pike Research.
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