Electrochromic glass Market Update: Exceeding Expectations of Key Players That Shows Promising Future | Asahi Glass Co., Ltd., Diamond Glass, Econtrol-Glas GmbH & Co. KG, View, Inc., PPG Industries

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.

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Key Players:

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.

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.

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.

Detailed Segmentation:

Global Electrochromic Glass Market, By Application:

Windows
Mirrors
Displays
Others

Global Electrochromic Glass Market, By End Use:

Commercial
Residential
Transportation
Others

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.

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