Electrochromic Glass Market: Moving Towards a Brighter Future

This report provides in-depth analysis of electrochromic glass, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2025), considering 2016 as the base year

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Key companies covered as a part of this study include Asahi Glass Co., Ltd., Chromogenics AB, Econtrol-Glas GmbH & Co. KG, Guardian Industries, Corporation, Gentex Corporation, Magna Mirrors Holding GmbH, PPG Industries, Ravenbrick Llc, Sage Electrochromics, Inc., View, Inc., and Diamond Glass

Global Electrochromic Glass Market - Insights

Electrochromic glass, also known as electronically switchable glass, has various applications such as partitions, windows, skylights, mirrors, and displays. It enables user to control the light and heat passing through such glass, aiding in regulating temperature through remote operated switch. It works on the principle of electrochromism, which requires utilization of materials that can change color or opacity on applying the potential difference across the surface. Moreover, these materials do not require electricity to maintain particular shade after the change has been achieved. Owing to these relative advantages over conventional glass, the global electrochromic glass market is expected to witness growth over the forecast period.

Europe held the largest share in 2016 and is expected to maintain its dominance in the near future

Consumers in the developed nations such as the U.S., Canada, and European countries including, Germany, the U.K., France, and Italy are increasingly focused on energy conservation that are lost owing to heat and bad natural lighting transmitted through the conventional windows. Smart glass has gained significant popularity and adoption owing to presence of some of the key automotive players adopting these materials in Europe for better consumer comfortability.

Emerging economies are anticipated to witness high growth owing to huge untapped potential in Asia Pacific countries owing to huge population base and growing investments in the architectural development in the region. However, high initial cost for manufacturing this glass and volume centered production costs are expected to be among the major factors hampering the electrochromic glass market growth.

Market Dynamics

According to U.S. Department of Energy, 25 to 35% of the total energy is wasted in buildings, owing to inefficient heat blocking. Moreover, in 2014, California Energy Commission estimated that around 40% of the buildings cooling requirements are owing to the heat gained due solar emissions through windows. Requirement to reduce these overall energy loss in domestic and commercial enterprises is a factor for increasing demand for electrochromic glass. Moreover, need to for enhancing comfort of commuters in airplane and automobiles to remotely control light and heat is another factor for growth of the market. However, limitation of this material to provide efficient switching operations in surfaces other than planar are expected to hamper the overall industry growth through the forecast period.

Detailed Segmentation:

Global Electrochromic Glass Market, By Application:
◦ Windows
◦ Mirrors
◦ Displays
◦ Others

Global Electrochromic Glass Market, By End Use:
◦ Commercial
◦ Residential
◦ Transportation
◦ Others

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This release was published on openPR.