Electrochromic Glass Market has Eventually Become Attractive Explore By Leading Players Asahi Glass Co., Ltd., Diamond Glass, Econtrol-Glas GmbH & Co. KG, View, Inc., PPG Industries, Chromogenics AB and More.

Electrochromic glass or smart glass is an electronically tintable glass that is used for windows, facades, and curtain walls. Electrochromic glass is predominantly used in residential as well as commercial buildings and is also used in airplane windows and space separators. The global electrochromic glass market focuses on six regions including North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global electrochromic glass market is expected to witness significant growth during the forecast period, owing to growing demand for smart glass in automobile applications.

Market Drivers -

Proactive government initiatives to support energy-efficient construction and increasing demand for smart glass in automobile applications are expected to drive growth of the global electrochromic glass market during the forecast period. Governments of various countries are focused on promoting energy-efficient constructions through legislation. For instance, in October 2019, the Government of Ontario launched Building Smarter Government Initiative where the government has promised to leverage technology and innovation, in order to eliminate efficiencies. Moreover, many automobile companies are incorporating electrochromic glass in their new models, which offers various benefits such as safer ride with privacy, enhanced in-vehicle entertainment, and more. Thus, these factors are expected to boost the global electrochromic glass market over the forecast period.

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Market Restraint -

Higher cost of electrochromic glass and technical issues related to the performance of this glass are expected to restrain growth of the global electrochromic glass market over the forecast period.

Regional Insight -

Among regions, North America is expected to witness significant growth in the global electrochromic glass market during the forecast period. This is owing to increasing automobile production in the region. Moreover, Asia Pacific is expected to register lucrative growth rates during the forecast period, owing to rampant growth of real estate sector in the region.

Competitive Section -

Key companies involved in the global electrochromic glass market are Asahi Glass Co., Ltd., Diamond Glass, Econtrol-Glas GmbH & Co. KG, View, Inc., PPG Industries, Chromogenics AB, Sage Electrochromics, Inc., Guardian Industries, Corporation, Ravenbrick LLC, Gentex Corporation, and Magna Mirrors Holding GmbH.

Key companies in the market are focused on product launch, in order to gain competitive edge in the market. For instance, in January 2019, Chromogenics AB introduced the world’s first transparent electrochromic glass ‘ConverLight75’, which blocks over 80% of the heat from the sunlight.

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.

Key features of the study:

• 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

• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market

• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players

• It profiles leading players in the global electrochromic glass system market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, electrochromic glass market capital, key developments, and strategies and future plans

• 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

• Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product up-gradation, market expansion, and marketing tactics

• The global electrochromic glass market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts

• Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the electrochromic glass market

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Detailed Segmentation:

Global Electrochromic Glass Market, By Application:

Windows
Mirrors
Displays
Others

Global Electrochromic Glass Market, By End Use:

Commercial
Residential
Transportation
Others

Global Electrochromic Glass Market, By Geography:

North America
Europe
Asia Pacific
Latin America
Middle East
Africa

Company Profiles

Asahi Glass Co., Ltd.*

Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/ Updates

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.
Diamond Glass

“*” marked represents similar segmentation in other categories in the respective section.

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