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Surge in demand for products developed using smart glass in the construction sector, strict government regulations to control risk-oriented incidents, and smart glass influencing automobiles industry drive the growth of the global smart windows market. However, lack of awareness on long-term benefits of smart windows may hinder the market growth. On the other hand, lowering prices of advance materials create new opportunities in the coming years.According to the report published by Allied Market Research, the global smart windows market generated $4.22 billion in 2019, and is estimated to reach $8.97 billion by 2026, registering a CAGR of 11.4% from 2019 to 2026. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario.
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Leading market players analyzed in the research include Pleotint LLC., Research Frontiers Inc., SAGE Electrochromics, Inc., Gentex Corporation, Polytronix, Inc., ChromoGenics, Stellaris Corporation, Smart Windows Colorado, Innovative Glass Corporation, and View, Inc.
Key Benefits for Stakeholders:
This study includes the analytical depiction of the global smart windows market forecast along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information regarding the key drivers, restraints, and opportunities in the smart windows market.
The smart windows market growth is quantitatively analyzed from 2019 to 2026 to highlight the financial competency of the industry.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart windows industry.
The report includes the smart windows market share of key vendors and smart windows market trends.
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The report offers a detailed segmentation of the global smart windows market based on technology, type, application, and region.
Based on region, North America contributed the highest share, accounting for nearly one-third of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, Europe is expected to grow at the highest CAGR of 13.3% from 2019 to 2026.
Based on type, the OLED glass segment contributed to the largest share in 2019, accounting for more than two-third of the total share, and is estimated to maintain its dominant position during the forecast period. However, the self-repairing segment is expected to register the highest CAGR of 14.7% from 2019 to 2026.
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Based on application, the transport segment accounted for the largest share in 2019, holding nearly half of the total share, and is expected to maintain the largest share throughout the forecast period. However, the commercial segment is estimated to portray the highest CAGR of 14.0% during the forecast period.
Read More at https://www.globenewswire.com/news-release/2020/06/16/2048902/0/en/Smart-Windows-Market-Anticipated-to-Generate-8-97-Billion-by-2026-at-11-4-CAGR.html
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Organization: Allied Market Research
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Release ID: 89034093