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Electrochromic Glass Market is Poised to Acquire Prominence Reaching US$4.1 Billion by the end of the forecast period

02-25-2020 06:36 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Electrochromic Glass Market

Electrochromic Glass Market

According to the report, the global electrochromic glass industry was pegged at $1.20 billion in 2018 and is expected to reach $4.1 billion by 2026, growing at a CAGR of 17.2% from 2019 to 2026.

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Chief reasons for market fluctuations:
Increase in construction application of electrochromic glass and government incentives for installing energy-saving solutions have boosted the growth of the global electrochromic glass market. However, high price of electrochromic glass hampers of the market. On the contrary, surge in demand from end-use industries is expected to create lucrative opportunities in the near future.

Windows segment dominated the market:
By application, the windows segment held the largest share in 2018, contributing to more than half of the global electrochromic glass market, owing to increased use of smart windows and rise in construction of new and renovation of old office buildings in North America and Europe. However, display segment is expected to register the fastest CAGR of 19.2% during the forecast period, owing to rise in trend of smart homes and offices and increase in demand for smart technologies in developing countries.

Automotive segment to manifest the fastest growth through 2026:
The automotive segment is expected to manifest the fastest CAGR of 18.1% during the forecast period, owing to increase in use of sunroofs, side windows, sun-visors, and rear windows in automotive. However, the construction segment held the largest share in 2018, accounting for more than one-third of the global electrochromic glass market, due to increase in use of electrochromic glasses in countries such as North America.

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Europe, followed by North America, garnered largest share:
The global electrochromic glass market across Europe, followed by North America, dominated the market in 2018, accounting for one-third of the market, due to presence of key end-use industries such as major automotive companies and construction companies. However, the market across Asia-Pacific is estimated to portray the fastest CAGR of 18.1% during the forecast period, due to increasing use of smartphones in the region.

Major market players:
- AGC Inc.
- Compagnie de Saint-Gobain S.A.
- ChromoGenics AB
- Kinestral Technologies Inc.
- Hitachi Chemical Co. Ltd.
- Polytronix Inc.
- Pleotint LLC
- Smartglass International Ltd.
- Research Frontiers Inc.
- View Inc.

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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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