Smart Glass Market Worth 5.81 Billion USD by 2020

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TSPD glass has significant benefits by its unmatched working capacity to change its light emission property to a desired level. This glass can adjust its light emission property from transparent to dark within 1-3 seconds. SPD technology restricts the UV light up to 99%, providing healthy ambience with sufficient amount of natural light. SPD glass can provide approximately 50% saving on consumption of energy. The customization and superior working reduces the load of HVAC systems (heating, ventilating, air-condition) of the building.

The growth of SPD smart glass is mainly driven by the increase in the demand for energy-efficient and eco-friendly products. In addition, the cost efficiency of SPD smart glass products reduces its maintenance cost, which is making these products a popular choice in industries

APAC is an emerging market for smart glasses and thus holds a lucrative position in the market. Many players in are strategizing to tap this market. Companies such as SAGE Electrochromics, Research Frontiers Inc. have collaborated with distributors and partners of that region to enter into unexplored territories. Recently, SAGE Electrochromic partnered with Jun Huo (a supplier of building façade and curtain wall solutions in China) to supply dynamic glass to the Chinese building market as the country aims to balance the huge demand for new buildings with the need for sustainable building practices. SAGE has also entered into partnership with Mechosystems, Jun Hao Group Companies, and Spohn Associates Inc. in the past few years, to expand its foothold into the smart glass market especially the APAC region, which is expected to be highest-growing market for smart glass.

Source: PR News Wire

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