Smart Glass Market: Demand for Energy Saving and Solar Panels Helps Market Rise at 14.50% CAGR, predicts TMR

The global smart glass market has been expected by Transparency Market Research (TMR) to exhibit a consolidated arrangement of competitive landscape with a handful of companies providing niche offerings for end-use applications. In 2015, Guardian Industries, DuPont, Saint-Gobain, and Asahi Glass Co., Ltd. had accounted for a strong 40.0% share in the global smart glass market. In the coming years, the competition could aggravate due to an elevating count of companies looking to make a mark in the global smart glass market with strategic alliances, acquisitions, and mergers.

Global smart glass market players have also been anticipated to follow the widespread business strategy of vertical integration and technology licensing. Partnership and collaboration could be another strategy where players have been predicted to be interested in associating with insulating glass unit (IGU) manufacturers, chemical and material science firms, and flat glass producers.

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As per the statistics obtained by TMR in a report, the global smart glass market could expand at a CAGR of 14.50% from 2016 to 2024. By the end of the forecast period, the global smart glass market has been prognosticated to earn a US$7.04 bn, progressing from US$2.10 bn in 2015. By end use, the global smart glass market could witness a staggering growth in the transportation industry that had secured an almost 57.0% share in 2015. Closely followed by Europe and Asia Pacific, North America had bagged in an approximate 30.0% share in the global smart glass market in the same year.

Need for Green Initiatives and Sustainable Energy Augurs Well

The demand in the world smart glass market has been envisaged to testify a telling surge on the back of a substantial role played the product to save ample of energy required for lighting, cooling, and heating purposes in green buildings. An increasing count of developed nations are taking to green initiatives supported by their governments to conserve energy. The need to reduce the consumption of energy could be due to the alarming depletion of energy sources testified worldwide and a ballooning demand for sustainable energy.

Developed economies such as North America have been foretold to adopt smart glass at a swelling degree owing to a rising prominence of the generation of solar energy. Advantages such as reduced carbon emission, user comfort, and energy efficiency could augment the uptake of smart glass by automobile manufacturers for adding attractive features, thus increasing their sales income. Emerging regions such as Asia Pacific have also been envisioned to contribute to the growth of the world smart glass market while riding on a magnifying requirement for solar panels in various industries such as solar power generation, transportation, consumer electronics, and housing and construction.

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Cheaper Substitutes and Unreasonable Prices Discourage Players

High price and availability of affordable substitutes could negatively affect the demand in the international smart glass market. Other factors that have been prophesied to make the growth lethargic in the international smart glass market are lack of awareness about application benefits, concerns regarding maintenance of color balance, and dawdling response to the adoption of large-sized smart glass.

However, the need for enhanced cost efficiency and operational productivity fulfilled to a considerable extend with the use of smart glass could offer worthwhile business opportunities to market participants. The incorporation of advanced materials and birthing of a broad scope of applications have been foreseen to promote commercialization in the international smart glass market. Furthermore, the snowballing application of smart glass in the automobile industry on the part of the manufacture of side and rear windows, sunroofs, and sun visors could be another lucrative prospect. Participants in the world smart glass market have also been projected to cash in on the heightened advancement in the aviation sector in terms of technology and manufacturing.

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @ http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had

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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