Global Electrochromic Glass Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

"Global Electrochromic Glass Market Introduction  :

“The global Electrochromic Glass Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Request Covid - 19 Impact

Electrochromic glass, are also called as electronically switchable glass prevents solar heat and reduce the need for air conditioning.

Electrochromic glasses are part of new generation of technologies called switchable glazing-or "smart" windows-which change the light transmittance, transparency, or shading of windows in response to an environmental signal.

Electrochromic glass is used in various applications such as partitions, windows, skylights, mirrors, displays, etc. The switchable solar control glazing electrochromic glasses allows for uninhibited views to the exterior while dramatically reducing glare and unwanted room heating.

Electrochromic windows consist of up to seven layers of materials and may be composed by a transparent conductor (TC), electrochromic coating (EC), ionic conductor (IC), and counter electrode (CE) between two glass plates.

Market Dynamics

Increasing ability to control transparency in order to enable user privacy or to control lighting conditions, remotely is a key factor expected to driver growth of the global electrochromic glass market over the forecast period.

In addition, the preserving energy by using windows, sun roofs, and displays made from electrochromic glass is another factor expected to further fuel growth of the target market over the forecast period. Furthermore, electrochromic glasses protect furniture and pictures from fading, owing to excessive light is another factor expected to boost growth of this market in the near future.

Moreover, rising awareness of ability to control heat & glare, increase fuel efficiency, and reduce carbon emissions regarding electrochromic glasses is another factor expected to propel growth of the target market over the forecast period.

However, high initial set up cost for manufacturing electrochromic glasses is a key factor expected to restrain growth of the global electrochromic glass market over the forecast period.

Ongoing trend observed in the global electrochromic glass market is automotive brands including Audi, Daimler, and BMW deployed smart glass in some of their top-end models for rear view mirrors, sun-roofs, and other applications, owing to its energy saving properties.

Technological advancements and advanced product development in electrochromic glasses are expected to create potential revenue opportunities for players operating in the target market over the forecast period.

Analysis by Region

The market in Europe is expected to dominate the target market in terms of revenue over the forecast period, owing to increasing preference towards energy conservation that are lost due to heat and bad natural lighting transmitted through conventional windows in various countries in this region.

In addition, the market in Asia Pacific is expected to register significant share in terms of revenue over the forecast period, owing to improved architectural development and investment across various countries in this region.

Global electrochromic glass market segmentation:

Segmentation by application:

• Windows
• Mirrors
• Displays

Segmentation by end use:

• Commercial
• Residential
• Transportation
• Others (educational, healthcare, and retail)

Segmentation by region:

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