Stratview Research, a global market research firm announces the release of the report titled – Glass Curtain Wall Market which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.
Stratview Research has segmented the market By Product Type (Router-Based System, Portable System, And Sensor-Based System), By Deployment Type (Cloud And On-Premises), And By Region (North America [The USA, Canada, And Mexico], Europe [Germany, France, The UK, Russia, Italy, And Rest Of Europe], Asia-Pacific [China, Japan, India, South Korea, And Rest Of Asia-Pacific], And Rest Of The World [Brazil, Argentina, And Others]).
Glass curtain wall market is likely to witness an impressive CAGR of 10.2% during the forecast period. The growing demand for glass curtain wall is mainly due to the enhancement of the appearance of the exterior walls, rise in the need for energy-efficient buildings, and the need to provide a protective layer to large buildings.
By System Type
Based on the system type, the market is segmented as unitized and stick. The unitized segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. Unitized systems provide quicker installation as almost 70% of the components are assembled in factories and minimize the need for manpower onsite, which leads to reduction in the labor cost.
By End-Use Type
Based on the end-use type, the glass curtain wall market is segmented as commercial, public, and residential. The commercial segment leads the market owing to rapid urbanization and increasing number of skyscrapers. Glass curtain walls used in buildings help to reduce energy costs as they act as protective layers for large-scale commercial buildings and render aesthetic appearance to the facade of the buildings
In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest growing glass curtain wall market during the forecast period, with China, Japan, India, and Australia being the growth engines. The market is driven by the increasing demand for aesthetic appeal and energy saving in modern infrastructure. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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