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Electrochromic Glass Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023

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Electrochromic glass is an innovative and modern building glass that can be used to create partitions, windows, or skylights. Electrochromic glass consists of up to seven layers of materials. It may be composed of transparent conductor (TC), ionic conductor (IC), counter electrode (CE) and electrochromic coating (EC) between two glass plates. Counter electrode may also have electrochromic properties, which enhance the color change. The essential function of the device is outcome of the transport of lithium or hydrogen ions from an ion storage layer and, injecting them into an electrochromic layer. Light transmission properties of electrochromic glass can be altered when voltage, light, or heat is applied. Electrochromic glass can be classified into electrically switchable electrochromic glass and non-electrical electrochromic glass. Electrochromic windows or glasses are part of a new generation of technologies called switchable glazing or smart windows that change transparency, light transmittance, or shading of windows in response to an environmental signal. Electrochromic smart glasses can be clear, tinted, opaque, and colored. Electrochromic glasses prevent solar heat, thus reducing the need for air conditioning. Electrochromic glass plays a vital role in maximizing sunlight, thereby reducing the need for electric lighting. Thus, electrochromic glass is preferably used in construction, automotive, aerospace, and marine industries.

Electrochromic glass is used in the transportation industry. Electrochromic glass is increasingly used in automotive, aircraft, train, buses, and marine craft. Premium automotive players such as BMW AG and Mercedes-Benz SLK use electrochromic suspended particles smart glass technology in windows and roofs. Electrochromic glass is used in the construction of commercial and residential windows in the construction industry. Electrochromic glass is also known for its usage in large-area information displays. These glasses are also increasingly used in military and specialty applications. New applications such as shutters for smartphone cameras or electrochromic displays for electrochromic glass may be launched in the next decade. Thus, electrochromic glass is used in a wide range of applications across various industries.

The market for electrochromic glass is projected to expand at a healthy CAGR during the forecast period. Asia Pacific is likely to be the fastest growing market for electrochromic glass during the forecast period. Growth in Asia Pacific is primarily driven by rising demand for electrochromic glass in domestic and institutional building constructions in the region. Increasing awareness regarding green buildings is expected to boost the usage of electrochromic glass in the construction industry. Expanding economy and increase in per capita income are some of the key factors that boost the electrochromic glass market in Asia Pacific. The electrochromic smart glass market in Asia Pacific is anticipated to witness the fastest growth during the forecasted period. In North America, the U.S. accounts for the major portion of the electrochromic smart glass market. The electrochromic glass market is anticipated to experience significant growth in the near future due to increase in the number of applications. However, electrochromic smart glass windows are still high priced; price uniformity would only be reached if global capacity utilization reaches economies of scale. This is acting as a major restraint for the growth of the global electrochromic glass market.

Some of the major companies operating in the global electrochromic glass market are Smartglass International Limited, E. I. du Pont de Nemours and Company, Asahi Glass Co., Ltd., View Inc., SAGE Electrochromics, Saint-Gobain S.A., Guardian Industries, Merck & Co., Inc., PPG Industries, ChromoGenics AB, SWITCH Materials, Corning Incorporated., and TOKAIRIKA, CO, LTD.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

This report provides comprehensive analysis of

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.

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