Smart Glass Market: Rising Prominence of Solar Energy for Long-run Energy Security Reflects Positively on Market Growth By 2024

With a few top players driving the global smart glass market, the market features a consolidated competitive landscape, says a new report by Transparency Market Research (TMR). The top players, namely ASAHI GLASS, DuPont, Saint-Gobain, and Guardian Industries held a share of 40% in the global market in 2015. However, the degree of competition is expected to rise as players focus on strengthening their position with strategic alliances and mergers and acquisitions.

TMR estimates that the global smart glass market is expected to display a CAGR of 14.50% between 2016 and 2024. As a result, the market’s valuation will reach US$7.04 bn by 2024 increasing from US$2.10 bn in 2015.

North America to Lead among all Regional Segments

In terms of end user, architecture, transportation, consumer electronics, and solar power generation are the segments of this market. Of these, transportation displays the leading demand for smart glass and the scenario is expected to remain same until the end of the forecast period in 2024. This is due to the increasing application of smart glass in automobiles for sun roofs, sun visors, and side and rear windows in high-end cars. At present, the flourishing aviation and automotive industries are also expected to fuel the demand for smart glass in the transportation sector.

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The architecture and consumer electronics segments also display substantial demand for smart glass and are expected to continue do so over the coming years.

In terms of geography, the worldwide smart glass market is spread across North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe. North America leads the global market and is expected to continue doing so in the near future. In this region, the increasing prominence of renewable energy, particularly solar energy, as a measure to ensure energy security in the long-run is driving the smart glass market. As smart glass is important for the generation of solar energy, increasing initiatives for harnessing solar power to convert into energy will display an increased demand for smart glass.

The region is closely followed by Europe and Asia Pacific in terms of growth of smart glass market. At present, the smart glass market in Asia Pacific is relatively new; however, the market holds immense potential for solar power generation due to the abundance of solar energy in countries that are close to the Equator. Moreover, in countries such as China and India, improving economic conditions leading to the development of the housing sector will display the demand for solar panels, which in turn, will benefit the smart glass market.

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Rising Focus on Renewable Energy Bodes Well for Market

Across the world, depleting sources of energy have raised alarms among governments to implement regulations to reduce the consumption of energy. The development of green buildings fitted with smart glass is one of the prominent initiatives taken for energy conservation by governments across several developed countries. This is because smart glass plays a key role in saving energy that can be used for heating, cooling, or illumination purposes.

With the increasing development of green buildings across several large cities of the world, the smart glass market is expected to be benefitted. However, high cost factor of smart glass and the easy availability of substitutes may challenge the growth of this market to some extent, states the report.

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

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