The Dynamic Glazing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Dynamic Glazing Global Market Report 2024, The dynamic glazing market size has grown strongly in recent years. It will grow from $3.43 billion in 2023 to $3.65 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increasing energy costs, government regulations on energy efficiency, growing environmental awareness, urbanization and infrastructure development, and high-performance building standards.
The dynamic glazing market size is expected to see strong growth in the next few years. It will grow to $4.73 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to the development of smart cities, demand for adaptive and responsive architecture, a growing focus on occupant comfort, a rising need for sustainable construction practices, and a rising demand for green buildings. Major trends in the forecast period include the adoption of photochromic materials, thermochromic technology integration, solar control glass applications, increased adoption of the Internet of Things (IoT), and the integration of artificial intelligence in building design.
Rising investments in construction are expected to propel the growth of the dynamic glazing market going forward. Investments in construction are rising due to increasing urbanization, economic growth, and the demand for modern infrastructure and housing. Dynamic glazing significantly enhances construction investments by boosting energy efficiency, cutting operational costs, and promoting sustainable building practices. For instance, in July 2022, according to the annual report published by the World Bank, a US-based international financial organization, infrastructure investments in low- and middle-income countries experienced a substantial rebound, with private participation commitments in infrastructure totaling $91.7 billion across 263 projects in 2022, marking a significant 23% increase from the $74.5 billion reported in 2021. Therefore, rising investments in construction are driving the dynamic glazing market.
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The dynamic glazing market covered in this report is segmented –
1) By Technology: Polymer Dispersed Liquid Crystals (PDLC), Suspended Particle Device, Photochromic, Thermochromic, Electrochromic
2) By Application: Day Lighting Performance, Glare Control, Energy Savings, Heat Gain
3) By End Use Industry: Construction, Automotive, Aerospace, Other End Use Industries
Major companies operating in the dynamic glazing market are developing innovative solutions, such as a privacy glass solution, to gain a competitive edge in the market. A new privacy glass solution is a type of smart glass technology that can switch between transparent and opaque states and is used for enhancing privacy in residential, commercial, and automotive applications by controlling visibility at the touch of a button or automatically. For instance, in August 2023, Kolbe Windows & Doors, a US-based window and door provider, launched Smart Privacy Glass, which uses polymer dispersed liquid crystal (PDLC) films to switch from obscure to transparent. This technology can be controlled via touch panel, remote, or home automation and is available in white or gray for various home areas. This advancement enhances privacy and security, making dynamic glazing more suitable for residential settings and aligning with market trends for sustainability, daylighting, and smart home features.
The dynamic glazing market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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