Solar Control Glass Market is anticipated to reach USD 8.88 billion by 2024. Solar control glass implies a hi-tech product developed by the glass industry. It permits sunlight to pass through a window while radiating and reflecting away a certain amount of sun's heat. The factors that propel the growth of the solar control glass market include growing construction of residential and non-residential buildings, increased government initiatives and tax benefits, rising acceptance of solar control glass in cars, increasing consciousness towards carbon emissions, and high development in the building-integrated photovoltaic (BIPV) market.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/solar-control-glass-market/request-sample
The key driving factors responsible for the growth of Solar Control
Glass market :
On the other hand, there are
factors that may hamper the growth of the market including high prices. Solar
control glass industry is anticipated to grow at a significant CAGR of 9.3% in
the upcoming period as the scope, product types, and its applications are
increasing across the globe.
Solar control glass market may be
explored by type, application, and geography. The market may be explored by
type as Absorbing Solar Control Glass and Reflective Solar Control Glass. The
“Reflective Solar Control Glass” segment led the solar control glass industry
in 2016 and is anticipated to maintain its dominance by 2024. The key factors
that may be attributed to the growth of market include increasing concerns
about high air conditioning costs and surge in a number of commercial
buildings.
The key applications that could
be explored in the solar control glass market include Residential buildings,
Commercial buildings, and Automotive. The “Commercial Buildings” segment led
the solar control glass industry in 2016 and is anticipated to maintain its
dominance by 2024. The key factors that could be attributed to the growth of
market include surge in the direct commercial real estate investment in key
countries such as New York, London, China, and Japan, increasing energy
efficient schemes, and government protocols promoting energy competent
buildings.
EMEA accounted for the major
market share of the solar control glass in 2016 and will continue to lead in
the forecast period. The factors that could be attributed to the growth include
stringent regulations towards fighting climatic changes, growing construction
projects, robust growth of the automotive industry in Germany, and rising
demand for commercial buildings.
Some of the key players that fuel
the growth of the solar control glass industry comprise PPG Industries Inc.,
AGC Glass Europe, Nippon Sheet Glass (Pilkington), Guardian Glass, CSG
Architectural Glass, Saint Gobain, Asahi India Glass, Sisecam Flat Glass, ArconFlachglas-Veredlung
GmbH & Co. KG, Euroglas GmbH, and Cardinal Glass Industries. The leading
companies are taking up partnerships, mergers and acquisitions, and joint
ventures in order to boost the inorganic growth of the industry.
View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/solar-control-glass-market
No comments:
Post a Comment