Smart glass is characterized by the capability to change its light transmission properties when voltage, light, or heat is applied to it. The glass turns transparent or translucent on a click of a button or on-demand though other control systems. There are certain technology types that distinguish between different types of smart glass, viz. Electrochromic, Thermochromic, Photochromic, Suspended Particle Device, and Liquid Crystal.

Electrochromic is an electronically tintable glass which can be directly controlled by occupants. The tint of an electrochromic glass is measured by the voltage applied to the glass. When Low voltage is applied, the coating becomes dark as there is a transfer of lithium ion and electrons from an electrochromic layer to other. When the voltage is removed and the polarity is reversed, it forces the electrons and ions to go back to their previous layers, which makes the glass to lighten and return to the state as before.

Thermochromic glass uses heat from direct sunlight to tint the windows and other forms. The intensity of sunlight decided the tint of the glass. More the intensity, more is the tint towards darker side.

Request to Sample of Report @  https://www.futuremarketinsights.com/reports/sample/rep-gb-473

Suspended Particle Device (SPD) technology has small light-absorbing microscopic particles. These particles allows the glass switch from all clear to dark mode in just few seconds. These suspended particle device are sandwiched between two panels of plastic or glass, which is covered with a transparent material which is conductive in nature. When electricity is applied to the SPDs with the help of the conductive layer cover, these SPDs follow up in one line and let light to run through.

The global market for residential and commercial smart glass is projected to reach approximately US$ 14 Bn by 2028, at an estimated CAGR of more than 15% over 2018-2028. The positive outlook for the commercial sector and increasing energy control and other clean technology initiatives is expected to provide a robust foundation for the growth of the global residential and commercial smart glass market.

Commercial Sector Remains Top End User in Residential & Commercial Smart Glass Market

The residential end-user segment is projected to lead the global residential and commercial smart glass market in terms of growth rate throughout the forecast period. The commercial end-user segment is anticipated to hold dominant value share in the residential and commercial smart glass market owing to increasing demand for applications in commercial buildings. However, the growth of market in residential end-user segment has been projected at a strong CAGR of over 15% over the forecast period.

Moreover, increasing adoption of smart glass within commercial sector will significantly push market growth, according to the report. Surging use of smart glass in commercial buildings and several other premium projects is the driving demand growth of residential and commercial smart glass.  

Key Manufacturers Prioritize Smart Glass Customizations

Leading manufacturers are offering residential and commercial smart glass solutions integrated with additional technologies and features. Clients can procure laminated safety residential and commercial smart glass solutions that are comparatively more durable. In case of breakage, the pieces of laminated residential and commercial smart glass do not shard and harm the occupants or users.

For the purpose of high commercial security, manufacturers integrate the latest ballistic, attack, and fire-resistant technologies. These highly secure residential and commercial smart glass solutions create a safe private screen that features the ability to withstand extreme unbalanced forces. These customizations offered by residential and commercial smart glass manufacturers are estimated to boost the global residential and commercial smart glass market during the forecast period.

Innovative Residential and Commercial Smart Glass Features Boost Market Growth

The strategic integration of smart glass solutions facilitates control over sunlight glare and radiation, and the redirection of natural light. The installation of properly designed smart glass-based day lighting systems in residential as well as commercial sectors is associated with a dramatic increase in an individual’s productivity and well-being. Architectural day lighting using smart glass solutions reduces the energy usage incurred due to artificial lighting, while protecting the interiors from extreme sun exposure. These day lighting benefits offered by smart glass solutions are expected to drive the global residential and commercial smart glass market during the forecast period.

Developed Regions Remain High-potential Markets for Residential and Commercial Smart Glass Manufacturers

Increasing energy control and other clean technology initiatives in the regions such as North America is expected to increase the market for the residential and commercial smart glass in the region. The market in Western Europe is also expected to increase for the residential and commercial smart glass market as due to the continuous urbanization where the people are moving for the luxurious lifestyle and the growth in the construction based industry which is now abiding by the new technologies which is the reason for the use of residential and commercial smart glass in the region

North America’s residential and commercial smart glass market is leading in terms of value and will retain dominance throughout the forecast period, with a market share of more than 1/4th of the total market value. Western Europe and South East Asia & others of APAC are also cited as the next key markets, in the report. 

Residential and Commercial Smart Glass Market – Competitive Landscape

The global residential and commercial smart glass market is highly fragmented with the presence of several regional as well as global players across the globe. Globally, the top 11 players in the global residential and commercial smart glass market collectively hold between 40% to 45% share of the overall market in terms of value.

Need more information about Report Methodology @  https://www.futuremarketinsights.com/askus/rep-gb-473

The key competitors covered in this report include Compagnie de Saint-Gobain SA, Asahi India Glass Limited., Glass Apps, LLC, View Inc., Research Frontiers Inc, Kinestral Technologies, Inc., NODIS Pte Ltd, Polytronix, Inc., RavenBrick LLC, Scienstry Inc., Smart Glass Technologies Inc., Smartglass International Ltd., ToughGlaze (UK) Ltd, Viridian Ltd, VG SMARTGLASS, LLC., ChromoGenics AB and others of residential and commercial smart glass market.