Electrochromic Glass Consumption Market To Witness Enhanced Growth Owing To Rising Usage In Commercial, Residential, Transportation and Hospitality Applications Till 2021 | Million Insights

Global Electrochromic Glass Consumption Market is segmented on the basis of material, device, application and geography. Electrochromic glass also known as smart glass or electronically switchable glass is an innovative and modern building glass that can be used to create partitions, windows or skylights. Electrochromic glass is so unique that allows users to control the amount of heat or light that passes through the glass at the flick of a switch giving them the ability to regulate temperatures or create privacy at the flick of a switch.

Electrochromic glass utilises the principle of electrochromism which allows certain materials to change color or even opacity when a burst of charge is applied. While a small burst of electricity is required for changing the opacity of the glass, no electricity is needed for maintaining a particular shade once the change has been effected. When activated, the electrochromic glass does respond to voltage and changes from transparent to translucent state, thereby blocking certain or all wavelengths of light.

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The ever-increasing adoption of “go green” initiative coupled with running trend in energy and environmental design (LEED) buildings is expected to drive the electrochromic glass consumption market in future. Besides, the growing concern toward environmental issues on the part of municipalities and government agencies has encouraged construction of green buildings to lessen negative impacts on natural resources as well as climate by increasing the installation of electrochromic glass.

Besides, several green conferences, green committees, and green journals have been established in building and professional trade organizations for supporting the adoption of green buildings, which, in turn, will drive the electrochromic glass market further. The increasing use of photovoltaic-integrated electrochromic devices in smart glass applications will gain traction in the electrochromic glass consumption market.

Based on material, the electrochromic glass consumption market is segmented into polymers, nanocrystals, and viologens, and so on. Based on device, the electrochromic glass consumption market is segmented into windows, display, mirror and so on. Based on application, the electrochromic glass consumption market is segmented into commercial, residential, transportation, retail, and hospitality and so on.

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Based on geography, the electrochromic glass consumption market is segmented into Europe, North America, Latin America, Asia Pacific and Middle East & Africa. North America was the highest revenue contributor to the electrochromic glass consumption market in 2016 and is expected to rule the roost in the upcoming years. North America is witnessing an ever-increasing installation of smart glass technology such as electrochromic glass in contemporary offices that will positively impact the growth of the market in the upcoming years.

The key players of electrochromic glass consumption industry are SAGE Electrochromics Inc., ChromoGenics AB, RavenBrick LLC, Asahi Glass Company, Gentex Corporation, Magna Glass & Window Inc., Econtrol-Glas, Guardian Industries, PPG Industries, View Inc., Corning, Diamond Glass, DuPont and Saint-Gobain.

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/glass

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