Electrochromic Glass Market Will Hit Big Revenues In Future


Posted March 25, 2020 by avinash1

This report provides in-depth analysis of electrochromic glass, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period

 
Electrochromic glass are electronically switchable glass that can transform from transparent to opaque depending on the potential difference applied across the terminal of the attached to the surface ends of the material. These are increasingly being used in commercial and residential buildings as windows, for automotive mirrors & windows, airplane windows, and space separators. Ability to control transparency or opaqueness to enable user privacy or to control lighting conditions, remotely is expected to be the major factor for growth of the electrochromic glass market over the forecast period.
 
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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
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

 
 
Transportation end-use segment held the dominant position in 2016, and is expected to retain its dominance over the forecast period
In August 2011, Boeing 787-9 Dreamliner was the first airplane to use electrochromic windows for commuters’ convenience. Moreover, owing to its energy saving properties, automotive brands including Audi, Daimler, and BMW have deployed smart glass in some of their top-end models for rear view mirrors, sun-roofs, and other applications. Increasing demand for large surface area sun-roofs to enhance the interior space of vehicles, and drawbacks of mechanical blinds for large surface areas, are expected to be factors for growth of the market. Commercial and residential segments are expected gain significant traction over the forecast period. This is owing to increasing adoption of electrochromic glass for saving energy and for controlling in-house ambient temperature and light conditions.
 
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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Key players in the market are focusing on continuous innovation and also researching for new application areas for these technologies. For instance, in June 2017, View, Inc. raised around US$ 200 million from funding for improving windows to suit outdoor environment and enhance users’ comfort. Some of the key players in the electrochromic glass market include Chromogenics AB, Asahi Glass Co., Ltd., Guardian Industries Corporation, Econtrol-Glas GmbH & Co. KG, Magna Mirrors Holding GmbH, Gentex Corporation , Ravenbrick Llc, PPG Industries, View, Inc., Sage Electrochromics, Inc., and Diamond Glass.
 
 
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Last Updated March 25, 2020