Energy Harvesting System Market worth $775 million by 2025

According to the research report, "Energy Harvesting System Market by Technology (Light, Vibration, RF, Thermal), Component, Application (Building & Home Automation, Consumer Electronics, Industrial, Transportation, Security), and Region - Global Forecast to 2025" is projected to grow from USD 485 million in 2020 to USD 775 million by 2025; it is expected to grow at a CAGR of 9.8% from 2020 to 2025. Key factors fueling the growth of this market include the growing demand for safe, power-efficient, and durable systems that require minimum or no maintenance; extensive implementation of IoT in automation and energy harvesting technology in building and home automation, increasing trend of green energy and favorable initiatives by governments; and rising adoption of wireless sensor networks equipped with energy harvesting system.

Light energy harvesting accounted for largest share of energy harvesting system market, by technology, in 2019

The light energy harvesting technology held the largest share of the energy harvesting system market. Photovoltaic cells are very efficient in generating energy for small electronic components. The power generated by solar energy harvesting technology is more than other energy sources such as vibration, thermal, and RF. Additionally, light energy is available in abundance as compared to other sources, which is why it is easy to continuously generate energy. Due to this benefit, the number of companies involved in the development of solar products for building automation, consumer electronics, and security applications is increasing.

Market for transducers is projected to grow at highest CAGR during forecast period

Transducers can be used as a standalone device or can also be accompanied by other components. Therefore, the market growth of transducers is higher than that of PMICs and secondary batteries. A transducer converts energy from sources such as light, radio waves, heat, vibration, kinetic, and pressure. The sensor devices in wireless networks are currently deployed with these transducers to eliminate the use of conventional electrical grids or primary batteries. The market for photovoltaic transducers is expected to grow at the highest CAGR during the forecast period. The reason for the growth of photovoltaic transducers is the rising interest of several companies providing solar energy-based solutions for building automation and consumer electronics applications.

Building and home automation accounted for largest share of energy harvesting system market in 2019

The largest share of building and home automation in the energy harvesting system market can be attributed to the rising penetration of energy harvesting solutions in smart homes and building automation. Energy harvesting is the best solution for wireless sensor networking (WNS) and the Internet of Things (IoT) in smart buildings. Building automation products such as wall switches, sensors, and relay receivers can be easily interconnected without much complexity. Energy harvesting in building automation systems can be used for occupancy sensors, humidity sensors, window positioning systems, temperature sensors, climate control systems, radiator control systems, and other lighting control systems. Building automation, being the most attractive market for energy harvesting systems, consists of many regional as well as global companies producing numerous energy harvesting products and components for the system.

The Americas is expected to hold largest share of energy harvesting system market in 2025

The growth in the Americas is driven by factors such as the increasing use of renewable energy sources for powering small electronic devices, growing penetration of building automation in new construction sites, and rising use of wireless sensor networks in the region. The increasing number of government activities for energy harvesting in the Americas and Europe for the building and home automation application to reduce CO2 emissions from buildings is also expected to boost the growth of the market.

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ABB (Switzerland), Honeywell (US), Advanced Linear Devices (US), Laird (UK), Convergence Wireless (US), Cymbet (US), EnOcean (Germany), Fujitsu (Japan), Greenpeak Technologies (Netherlands), Microchip Technology (US), Texas Instruments (US), STMicroelectronics (Switzerland), Powercast Corporation (US), Cypress Semiconductor (US), Piezo Systems (US), Mide Technology (US), IXYS Corporation (US), Lord Microstrain (US), Linear Technology (Japan), Kinergizer BV (Netherlands), GreenTeg (Australia), General Electric (US), Bionic Power (US), O-Flexx Technologies (Germany), and Voltree Power (US) are the key players in the energy harvesting system market. These players are increasingly undertaking strategies such as product launches, expansions, agreements, partnerships, joint ventures, collaborations, and mergers & acquisitions to increase their market share.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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PC-based Automation Market | Size, Share and Market Forecast to 2023

The PC-based automation market comprises components such as industrial PCs, HMIs, PLCs, and SCADA. PC-based automation is used in process and well as discrete industries to automate and control manufacturing processes in these industries. The PC-based automation market is expected to be valued at USD 38.01 Billion by 2023, growing at a CAGR of 4.9% between 2018 and 2023. Some of the major factors driving the growth of the PC-based automation market are the evolution of IIoT and rising demand for smart automation solutions, increasing need for efficient monitoring in manufacturing plants, and growing emphasis on regulatory compliances.

Siemens (Germany), General Electric (US), Mitsubishi Electric (Japan), Schneider Electric (France), and Rockwell Automation (US) are some of the leading players in the PC-based automation market. These market players have adopted various strategies to maintain their position in this market and ensure their long-term growth and success. The key strategies adopted by most companies in the market include product launches and developments, contracts, collaborations, partnerships, mergers & acquisitions, and expansions.

Siemens is one of the leading players in the automation industry. The company has established a strong brand name owing to its innovations, technological excellence, and highly sustainable and quality products. Siemens’ strong brand image and technical expertise help it gain a competitive edge in several applications, such as oil & gas, chemicals, and food & beverages, over its competitors. The company’s Industrial Automation division designs and manufactures PC-based automation products and solutions. Siemens offers various types of PC-based automation products through its SIMATIC platform, which delivers superior performance. It is an ideal platform for implementing different applications efficiently and cost-effectively. The company offers PC-based automation solutions, such as IPCs, software controllers, SCADA, HMIs, and related software packages.

General Electric (GE) has a strong installed base of production assets; this helps the company expand its PC-based automation offerings. GE offers industrial software, control systems, and embedded computing platforms that help connect, monitor, analyze, predict, and optimize operations efficiently. The company’s GE Automation division offers products and solutions using a wide array of technologies, ranging from integrated, open, and PLC-based control to complete automation using SCADA, related to PC-based automation. In September 2015, the company started GE Digital – as a part of its strategy toward the company’s digital transformation. The newly started division focuses on offering solutions pertaining to industrial automation and smart factory.

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Mitsubishi Electric manufactures and markets electric and electronic equipment used in home products, and commercial and industrial systems. The company offers PC-based automation products under its Industrial Automation Systems segment. Mitsubishi Electric has a broad portfolio of PC-based automation products that enables it to cater to a large customer base, generate more revenues, and improve margins. It offers a variety of hardware products and software solutions in the PC-based automation market. Mitsubishi Electric’s advanced product offerings help end users enhance productivity and efficiency by providing better visibility into production processes. 

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Wearable Display Market Size, Growth, Trend and Forecast Analysis Report - 2023

Display panels used in wearable devices, which are manufactured using technologies such as LED-backlit LCD and OLED, have application in verticals such as consumers, military & defense, healthcare, enterprise & industry, commercial, and others. The wearable display market was valued at USD 1.05 Billion in 2017 and is expected to reach USD 3.37 Billion by 2023, at a CAGR of 20.33% between 2018 and 2023. The increased use of flexible OLED displays in smartwatches, rising demand for OLED displays for use in smart wearable devices, and technological shift and development of energy-efficient and high-specification display products are some of the major factors driving the growth of the market. With the increasing adoption of AR/VR devices and the development of micro-LED displays for smart wearable devices, the market is expected to witness significant growth between 2018 and 2023.

Increasing demand for high specifications (thin design and low power consumption) is encouraging companies to develop and launch innovative products with enhanced features. Market players also focus on partnerships, agreements, and collaborations to enter into new application areas by launching technologically advanced and innovative display devices. Display panel manufacturers also expand capabilities-another strategy widely adopted by companies-to showcase their dominance in the market. Companies such as Samsung Electronics (South Korea), LG Display (South Korea), AU Optronics (Taiwan), Japan Display (Japan), and Sharp (Japan) have adopted expansions and product developments as their key growth strategies; Samsung Electronics (South Korea), Kopin Corporation (US), eMagin Corporation (US), and Japan Display (Japan), among other companies have adopted acquisitions, partnerships, and collaborations as their key growth strategies.

Samsung has maintained its position as a global leader in the TFT-LCD flat panel display space by providing products that offer benefits such as high resolution, low power consumption, low cost, and high yield rate. The display market is witnessing high growth of OLED technology, which is replacing LCD technology in large panel display applications; OLED is rapidly replacing TFT-LCD in smartphones and other smart devices such as smartwatches and virtual reality devices. The company is a market leader in providing OLED displays owing to its continued investments and technological breakthroughs pertaining to OLED. Samsung has a higher R&D budget than its competitors; it invested 7.33% of its total revenue in R&D in 2016. The company focuses on providing display solutions for new categories such as wearable devices, flexible devices, and automotive applications.

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LG Display held the second position in the wearable display market in 2017 and is a leading provider of display panels, with a strong global presence and a wide customer base-particularly in China. The company is financially strong owing to the support from its parent company and is considered one of the top display technology providers worldwide. It offers a wide range of display panels for various applications. LG Display focuses on offering cost-competitive display products and has maintained a stable and long-term relationship with its customers. The company is a leading provider of TFT-LCD panels in the display market and is heavily investing money and resources to establish more plants to manufacture display panels for smart wearable devices and other devices. It generated ~70% of its revenue from China in 2016 due to the high demand for display panels from the Chinese consumer electronics manufacturers.

 About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™ INC.

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Display Market Size | Industry Analysis and Market Forecast Report - 2024

The display market is expected to grow from USD 137.7 billion in 2019 to USD 167.7 billion by 2024, at a CAGR of 4.0% from 2019 to 2024. Growing adoption of OLED displays in smartphones; huge investments toward, along with government support for, construction of new OLED and LCD panel manufacturing facilities; and increasing demand for 4K and 8K displays with the availability of UHD content are the major driving factors for the market’s growth during the forecast period.

Factors like increasing deployment of HUD, central stack display, and instrument cluster in automotive vehicles; and rising focus toward technological shift and development of energy-efficient, attractive, and high-end-specification display products are also contributing significantly toward the display panel market’s growth.

Display panel makers focus on product launches, expansions, and technology agreements to enter into new market segments. Panel manufacturers are expanding by constructing new production facilities or upgrading existing facilities.

Samsung Electronics (Samsung Display) (South Korea); LG Display (South Korea); BOE Technology (China); AU Optronics (AUO) (Taiwan); Innolux (Taiwan); Japan Display (JDI) (Japan); Sharp (Foxconn) (Japan); China Star Optoelectronics Technology (CSOT, CDOT, TCL) (China); Tianma Microelectronics (China); and Truly International (Hong Kong) are the leading players in the display panel market.

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Samsung has maintained its leading position in the TFT-LCD flat panel display market since the past; it has consistently introduced products with higher resolution, lower power consumption, lower cost, and higher yield rate. With the demand for OLED displays having grown rapidly in the last 3 years, the company can be seen to have captured a majority of the OLED market (90%, 2017) owing to its continued investment and technological expertise in the OLED technology domain and quick exporating with companies from the entertainment industry to provide Cinema LED screens for theatres. Iansion of production capabilities. The company is focusing on expanding its market reach by collabn March 2017, Samsung acquired HARMAN International, which designs and engineers connected products and solutions for automakers, consumers, and enterprises worldwide. In January 2018, HARMAN launched the JBL LINK View, a voice-controlled, smart display speaker with the Google Assistant built in. The company is focused on developing new display technologies like micro-LED, advancements in LCD space with QD, and flexible/curved OLED panels.

LG Display is the leading player in the LCD display segment (largest market share in 2017). LG Display has expanded its manufacturing capabilities in recent years by installing new OLED panel manufacturing plants. The company offers a wide range of display panels for devices like television, smartphone, tablet, notebook, desktop, automotive, and smart wearables. It is focused on offering cost-competitive display products and maintaining stable and long-term relationships with its customers

The company is financially strong owing to support from its parent company. It has a strong global presence and a wide customer base particularly in China; more than 65% of its 2017 revenue was from China (due to huge demand for display panels from consumer electronics manufacturers). LG Display is actively exploring and preparing for new business opportunities that may arise in the changing display market. In June 2018, the company introduced a 65-inch UHD rollable OLED display at the CES 2018. The display can be rolled up to a small size and kept aside when not in use.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Sanjay Gupta

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

newsletter@marketsandmarkets.com

Wired Interface Market Size, Growth, Trend and Forecast to 2023 | MarketsandMarkets

The wired interface market was valued at 6.30 billion units in 2017 and is expected to reach 8.78 billion units by 2023, at a CAGR of 6.2% during the forecast period. The said market was valued at USD 15.31 billion in 2017, and is expected to reach USD 34.72 billion by 2023, at a CAGR of 14.2% between 2018 and 2023. The base year considered for the study is 2017, and the forecast period is between 2018 and 2023.

Use of USB Type C Wired Interface Technology is expected to gain traction from Smartphone and Tablet devices

The wired interface market is greatly influenced by the smartphone market. According to the Cisco VNI forecast, smartphones accounted for 3.6 billion units of all network devices in 2016 and are expected to reach 6.2 billion units by 2021. This is due to the growing adoption of smartphones in Asia Pacific (APAC) and Rest of the World (RoW). The growing adoption of smartphones is expected to propel the demand for USB Type C wired interface technology during the forecast period (2018–2023).

Companies such as Molex, Inc. (The US), Amphenol Corporation (The US), Japan Aviation Electronics Industry, Ltd. (Japan), TE Connectivity Ltd. (Switzerland), STMicroelectronics N.V. (Switzerland), NXP Semiconductors N.V. (The Netherlands), Microchip Technology Inc. (The US), Texas Instruments Inc. (The US), Cypress Semiconductor Corp. (The US), Rohm Co., Ltd. (Japan), Hirose Electric Co., Ltd. (Japan), ON Semiconductor Corporation (The US), Analog Devices Inc. (The US), Diodes Inc. (The US), Murata Manufacturing Co. Ltd. (Japan), Vishay Intertechnology, Inc. (The US), Silicon Laboratories Inc. (The US), Maxim Integrated Products, Inc. (The US), CUI, Inc. (The US), and Yamaichi Electronics Co.,Ltd. (Japan) are some of the major players in the wired interface market.

PCs and laptops are expected to hold the largest share of the wired interface market throughout the forecast period. Most PCs and laptops are equipped with USB, HDMI, DisplayPort, and Thunderport technologies. Demand for PC and laptop is expected to decrease during the forecast period because of the increase in the use of smartphones and tablets. Furthermore, because of the high price of laptops, in developing economies, consumers are delaying buying new PCs/laptops, thus extending the lifecycle of existing PCs/laptops.

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The USB Type C wired interface is expected to grow at the highest CAGR during the forecast period. USB Type C wired interface is a two-way rotational 24-pin connector, which is smaller in size and can be embedded with all possible devices. Thus, they are currently being adopted in compact devices such as smartphone, tablets and wearables.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Sanjay Gupta

MarketsandMarkets™ INC.

630 Dundee Road

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USA: 1-888-600-6441

newsletter@marketsandmarkets.com

Network Packet Broker Market by Bandwidth (1 and 10 Gbps, 40 Gbps, 100 Gbps) - 2023 | MarketsandMarkets

The network packet broker market is expected to reach USD 849.4 million by 2023 from USD 585.4 million in 2018, at a CAGR of 7.73% between 2018 and 2023. Major drivers for the growth of the market are need for simplified data center management and automation, high demand for cloud services, and surge in internet multimedia content and web applications.

Of all the major end users of network packet brokers, enterprises hold the largest share of the network packet broker market. Increasing enterprise applications require high-performance connectivity, constant uptime, high throughput, and high reliability to manage a vast amount of data. To address these requirements, network packet brokers are being adopted in enterprises. Large enterprises across different industries have been increasingly adopting the digitization to improve their business processes. Also, the revolutionizing digitization in healthcare, e-commerce, banking, and education is the key driver for enterprise data centers, which will eventually drive the growth of the market for network packet brokers.

Among bandwidth, during the current times, the adoption of 1Gbps bandwidth NPBs is declining, relegated to low-bandwidth applications and legacy devices. The most common type of NPBs now is 10Gbps. 10Gbps network packet broker capture traffic from access switch uplinks and aggregation/core switches, which usually run at a speed of 10Gbps and higher. The 1 and 10 Gbps bandwidth network packet brokers are widely adopted across various sectors such as enterprises, telecoms, government organizations, and other service providers. Currently, network packet brokers with high bandwidth are gaining a lot traction in the market. As a result, the prices for 1 and 10 Gbps NPBs have been declining, which drives the adoption of these NPBs for the optimum network development. It is owing to these factor the market for 1 and 10 Gbps network packet broker is expected to hold the largest market share in 2018

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Companies profiled in the report are Gigamon (US), NetScout Systems, Inc. (NetScout) (US), Ixia (US), VIAVI Solutions, Inc. (Viavi Solutions) (US), APCON, Inc. (APCON) (US), Garland Technology (US), and Cisco Systems, Inc. (Cisco) (US),  Broadcom Inc. (Broadcom) (US), Juniper Networks, Inc. (Juniper Networks) (US), Big Switch Networks, Inc. (Big Switch Networks) (US), Zenoss Inc. (Zenoss) (US), Network Critical (UK), Corvil (Ireland), CALIENT Technologies, Inc. (CALIENT) (US), Netgear Inc.  (Netgear) (US), and Motadata (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Sanjay Gupta

MarketsandMarkets™ INC.

630 Dundee Road

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Smart Glass Market by Technology and Geography Analysis - Global Forecast to 2023

The global smart glass market is expected to reach USD 8.35 Billion by 2023 from USD 3.32 Billion by 2017, at a CAGR of 16.61% between 2017 and 2023. Some of the key factors driving the growth of this market are the growing demand for smart glass in automobile applications, strong government support through mandates and legislations for energy-efficient construction, and optimal energy saving through smart glass applications.

Governments and the policymakers across the world have started framing policies, legislations, and laws to increase the energy-efficiency of buildings. For example, the energy-efficiency directive from the European Union (EU) defines the measures to increase the efforts from member states to use energy more efficiently at all stages of the energy chain from the transformation and distribution of energy to its consumption. The directive includes the legal mandates to establish energy-efficiency obligations schemes or policy measures in all the member states. This will further drive the adoption of smart glass-enabled energy-efficient products in residential and commercial building construction, and in the transport sector, despite the higher cost of these glasses than the normal (flat) glass.

The smart glass market based on technology has been segmented into suspended particle display (SPD), electrochromic, liquid crystal (LC), micro-blinds, photochromic, and thermochromic technologies. The market for SPD is expected to grow at the highest CAGR between 2017 and 2023. SPD glass offers many benefits due to its unmatched working capacity to change its light emission property to the desired level. This type of glass can adjust its light emission property from transparent to dark within 1–3 seconds and can be used to effectively control the glare from sun rays. SPD-enabled smart glass also restricts UV light up to 99%, providing a healthy ambiance with a sufficient amount of natural light.

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The market in Europe is expected to grow at the highest CAGR during the forecast period. Europe consists of a number of developed countries such as Belgium, France, Germany, Italy, and the UK. This region derives its revenues from the tourism, industry, and manufacturing businesses, among others. The hospitality and automotive manufacturing sectors in this region have grown tremendously due to supportive government policies over the past few decades. The government initiatives for green buildings and energy harvesting have contributed to the rise in the popularity of smart glasses. As a result, Europe holds a significant share of the overall smart glass market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Sanjay Gupta

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

newsletter@marketsandmarkets.com