(MENAFN- America News Hour) The solar reflective glass market is anticipated to grow
owning to increasing demand of heat reflective products in modern commercial
and residential establishments coupled with rising disposable income of people
across the developing nation. Increasing adoption of advanced technology toward
providing an energy efficient solution will positively influence the business
landscape. Furthermore, increasing interest of manufactures to widen their
green products and services portfolio will propel the solar reflective glass
market.
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Ongoing government initiatives and programs toward building
of sustainable economy including Feed-in Tariff (FIT) programs, investment tax
credit and other tax benefit schemes will stimulate the solar reflective glass
market growth. Rising demand of energy efficient buildings along with increase
in commercial real estate investment across the developing economy will
positively influence the business landscape.
The ability to maintain equitable temperature in enclosure
through controlling the amount of solar radiation entering a building as well
as preventing the radiations from escaping will stimulate the product
penetration. The widespread utilization in various building applications
including doors, windows, façades, atria, rooftops and walkways will positively
influence the solar reflective glass market.
The research process begins with extensive data mining,
using authentic sources such as trade magazines, technical publications,
independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
- Definition and scope of research
- Market dynamics, growth drivers and industry
pitfalls - Regulatory and political guidelines for the
industry - Demographics and statistical data
Rising awareness for greenhouse gas emission through
continual usage of air conditioners will shift the consumer preference to
alternative cooling technologies. Growing emphasis to reduce building carbon
emission resulting from excessive use of electricity and consumption of natural
gas & petroleum for heating and cooking will enhance the product
penetration. In addition, significant growth in the Building Integrated
Photovoltaics (BIPV) systems in commercial installations pertaining to
increasing awareness related to green buildings will further propel solar
reflective glass market size.
Improved fuel efficiency on account of reduction in air
condition load will enhance the glass usage in the automobiles. Significant
benefits offered by the product including reduction of heat load on the
vehicle, superior comfort level and blocking of harmful Ultraviolet (UV) rays
will further propel the usage of glass in the automobiles. In addition,
mandatory emission reduction targets set by the European Union legislation for
modern cars are anticipated to have a positive influence on solar reflective
glass market size.
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China solar reflective glass market is projected to grow on
account of increasing investment in construction sector coupled with
environmental regulations toward building emissions. The shifting trend toward
sustainability and pressing need for reduction in the carbon footprint are some
of the key factors driving the product demand. Supportive government policies
promoting the construction of green buildings will further fuel the business
growth. For instance, the government of China launched Leadership in Energy and
Environmental Design (LEED) certification for buildings which were constructed
as per the green building standards.
The key players operating across the solar reflective glass
market includes Asahi Glass, Heliotrope, Saint-Gobain, e-Chromic, Guardian
Industries, Gentex, PPG Industries, Ravenbrick LLC and Polytron.
Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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