Vacuum Insulated Glass Market
Vacuum Insulated Glass Market for Building & Construction (Application - Roof Lights, Windows, Doors, Roof Glazing, Glass Façade; End use Industry - Residential, Commercial, Industrial) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
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Vacuum Insulated Glass Market - Snaoshot
The global vacuum insulated glass market for building & construction is expected to expand at a moderate pace driven by the increase in demand for the glass in the energy-efficient building industry. The vacuum insulated glass market for building & construction was valued more than US$ 4.5 Bn in 2017 and is projected to expand at a CAGR of more than 4% during the forecast period. Implementation of stringent government laws regarding carbon emissions and rise in demand for green buildings are boosting the vacuum insulated glass market for building and construction. Heating and cooling devices used indoors release harmful gases such as carbon dioxide in the environment. Vacuum insulated glass is highly stable and non-reactive to the ambient environment. It is an alternative energy source for light and temperature stability. Vacuum insulated glass is a prominent building material that helps save energy. However, the presence of just a few key players and fragmentation of the vacuum insulated glass market are likely to hamper the demand for vacuum insulated glass.
Key players operating in the vacuum insulated glass market need to focus on the promotion of the benefits of vacuum insulated glass. Rise in usage of vacuum insulated glass in the building sector is estimated to boost the vacuum insulated glass market.
Major players in the market are expanding their network through mergers and acquisitions. Launch of new products and facilities is likely to propel the vacuum insulated glass market. On July 4, 2017, Panasonic Corporation completed the acquisition of 69% share of Ficosa International S.A., a Spain-based automotive parts & systems supplier. This move would help the company strengthen its position in the automotive industry. In February 2018, AGC Inc., decided to raise the sales price of architectural glass related products in Japan. The scheduled price increases are roughly 10% to 15% for flat glass products, 10% for mirror products, and 10% for architectural applications. In April 2016, Nippon’s product Spacia Cool vacuum glazing was used for new windows of the Fukuoka City Hall in Southern Japan. Spacia Cool is a high-heat-insulation type of Spacia. It reduces solar heat gain, offering excellent energy-saving performance throughout the year. The product is used for lowering the room temperature and saving energy in residential and non-residential buildings.
Vacuum insulated glass is used in various applications such as roof lights, windows, doors, roof glazing, and glass façade. Vacuum insulated glass windows are used in buildings, as the glass avoids conduction and convection. This ultimately reduces the cooling and heating energy consumption. Vacuum insulated glass is used for same purposes for doors as that for windows. Roof glazing is primarily used in malls and office terraces for natural lights in daytime. It also provides with the free environment and also avoid suffocation. Glass façades are primarily used in commercial applications of green buildings. IT parks are mostly made of energy efficient glasses. Glass façade made up of vacuum insulated glass preserves heat, uses solar radiation, and insulates sound. The usage of vacuum insulated glass is anticipated to rise in developing countries such as China, India, and Japan in the near future.
North America and Europe are the key regions of the vacuum insulated glass market for building & construction. In terms of consumption, Asia Pacific holds major share of the global vacuum insulated glass market for building & construction due to the high demand in the construction sector. Middle East & Africa is an emerging region of the vacuum insulated glass market for building & construction, owing to the high demand for energy efficient buildings. The vacuum insulated glass market for building & construction in India and China is estimated to expand at a rapid pace during the forecast period, led by the rise in industrialization and expansion in the construction industry in these countries. China is a major supplier of vacuum insulated glass in Asia.
Key players operating in the vacuum insulated glass market for building & construction include AGC Inc., Vishvesh Glasses Private Limited, Panasonic Corporation, LandGlass Technologies Co., Ltd., V-Glass LLC, Nippon Sheet Glass Co Ltd, Guardian Glass, LLC, QINHUANGDAO YIWO GLASS CO., LTD, ICESUN VACUUM GLASS Ltd., T&I Sealed Units Limited, and Taiwan Glass Ind. Corp.
Vacuum Insulated Glass Market to Witness Lucrative Growth Opportunities due to Rise in Construction Activities
The rapidly growing construction and industrialization will help promote the growth of the global vacuum insulated glass market in the years to come. The paradigms for private developments have changes as of late, and new practices have invaded the business. The utilization of glass and sinewy materials for stylish plans has gotten ordinary. This pattern has prompted the development of the worldwide vacuum protected glass market lately. The developing sound contamination has additionally constrained land organizations to configuration houses with sound-verification glasses and roofs. It is normal that vacuum protected glasses would discover new merchants and dissemination directs in the years to follow.
Infrastructural improvements, particularly in the business area, have assembled prevalence across the globe. The requirement for creating sound-evidence lodges and meeting territories in lodgings and workplaces has assumed an essential job in market development. The corporate area has organized a few changes with respect to infrastructural advancements. Geographically, the market is dominated by North America and Europe collectively owing to the increasing demand from the construction and building industry.
The worldwide vacuum protected glass market for building and development is relied upon to grow at a moderate speed driven by the increment sought after for the glass in the energy-effective structure industry. Usage of tough government laws with respect to fossil fuel byproducts and ascend sought after for green structures are boosting the vacuum protected glass market for building and development. Warming and cooling gadgets utilized inside delivery hurtful gases, for example, carbon dioxide in the climate. Vacuum protected glass is exceptionally steady and non-responsive to the surrounding climate. It is an elective fuel hotspot for light and temperature soundness. Vacuum protected glass is a conspicuous structure material that helps save energy. Notwithstanding, the presence of only a couple central participants and fracture of the vacuum protected glass market are probably going to hamper the interest for vacuum protected glass.
Vacuum Insulated Glass Market - Overview
This report analyzes and forecasts the market for vacuum insulated glass for building & construction at the global and regional level. The market has been forecast based on value (US$ Mn) and volume (thousand square meters) from 2018 to 2026. The study includes drivers and restraints of the global vacuum insulated glass market for building & construction. It also covers the impact of these drivers and restraints on the demand for vacuum insulated glass during the forecast period. The report also highlights opportunities in the vacuum insulated glass market for building & construction at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global vacuum insulated glass market for building & construction. The Porter’s Five Forces model for the vacuum insulated glass market for building & construction has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global vacuum insulated glass market for building & construction by segmenting it in terms of application and end-use industry. The segments have been analyzed based on present and future trends. Regional segmentation includes the current and projected demand for vacuum insulated glass for building and construction in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the demand for individual application and end-use industry segments in all the regions. Key players operating in the vacuum insulated glass market for building & construction include AGC Inc., Vishvesh Glasses Private Limited, Panasonic Corporation, LandGlass Technologies Co., Ltd., V-Glass LLC, Nippon Sheet Glass Co Ltd, Guardian Glass, LLC, QINHUANGDAO YIWO GLASS CO., LTD, ICESUN VACUUM GLASS Ltd., T&I Sealed Units Limited, and Taiwan Glass Ind. Corp. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The report provides the estimated market size of vacuum insulated glass for building & construction for 2018 and forecast for the next eight years. The size of the global vacuum insulated glass market for building & construction has been provided in terms of revenue and volume. Market numbers have been estimated based on application and end-use industry of vacuum insulated glass for building & construction. Market size and forecast for each major application and end-use industry have been provided in terms of the global and regional market.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players operating in various end-use industries, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
- An extensive analysis of the vacuum insulated glass market for building & construction trends and shares from 2018 to 2026 to identify market opportunities and analyze industry developments
- A list of key developments in the vacuum insulated glass market for building & construction made by key players
- A list of key factors responsible for building the upcoming opportunistic roadmap for the vacuum insulated glass market for building & construction at global, regional, and country level
- Comprehensive analysis with respect to investments and price trends that impact the outlook of the global vacuum insulated glass market for building & construction between 2018 and 2026
- Insights into market opportunities for various stakeholders in the value chain and a detailed competition landscape for key players dominating the industry to understand competition level
- Porters’ Five Forces highlight the potency of buyers and suppliers and enable stakeholders to make profit-oriented business decisions. They help analyze strengths and weaknesses to gain strategic position in the market.