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Electrochromic Glass Market Worth Around 6.22 Billion USD by 2024 | Significant CAGR 16.8% In Global Market

Press release   •   Apr 18, 2019 01:51 EDT

Global Electrochromic Glass Market is expected to increase from USD 2.1 billion in 2017, to USD 6.22 billion in 2024 at a significant CAGR of 16.8% during the forecast period from 2018 to 2024.

Factors driving the market growth are increasing demand for energy efficient solutions, control the amount of heat based on ambient temperature, emerging green building initiatives, rapid investments in setting up industrial-scale production capacities, escalating technology scalability potential, and swift emission of carbon. Moreover, supportive government policies and growing concerns of the municipalities and government agencies toward environmental issues also augment the growth of the Electrochemical market, globally. A major trend that will hop in the Electrochromic market is an increment in use of photovoltaic-integrated Electrochromic devices in applications of smart glass. However, lack of technical experts and awareness among people may restraint the growth of the global Electrochromic glass market.

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The years used for the assessment are as follows:

Historical year: 2014, 2015, 2016
Base year: 2017
Forecast period: 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are:

Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year Impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the total Electrochromic glass market and it various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the Electrochromic glass market
Finalizing the overall size and share for the global Electrochromic glass market

OBJECTIVES:

To classify the global Electrochromic glass market into segments by mode of operations, materials, products, end-user, application and region and analyze their growth prospects individually
To analyze market trends, opportunities, drivers, and restraints associated with the Electrochromic glass market
Profiling key companies operating in the global Electrochromic glass market
To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

The research scope for the global Electrochromic glass is as follows:

By Mode of Operation

Reflectance
Transmittance

By materials

Inorganic
Organic

By Products

Smart Dimming glass
Display

By End-User

Building & construction
Electronics
Healthcare,
Automotive,
Aerospace or Aviation,
Marine
Others

By Application

Windows
Mirrors
Doors
Displays
Sunglasses
Others

By Region

North America
Europe
Asia-Pacific (APAC)
Middle East & Africa
Latin America

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FREE ANALYSIS

The global Electrochromic glass market is expected to increase from USD 2.1 billion in 2017, to USD 6.22 billion, at a significant CAGR of 16.8% during the forecast period. Factors driving the market growth are increasing demand for energy efficient solutions, control the amount of heat based on ambient temperature, emerging green building initiatives, rapid investments in setting up industrial-scale production capacities, escalating technology scalability potential, and swift emission of carbon. Moreover, supportive government policies and growing concerns of the municipalities and government agencies toward environmental issues also augment the growth of the Electrochemical market, globally. A major trend that will hop in the Electrochromic market is anincrement in use of photovoltaic-integrated Electrochromic devices in applications of smart glass. However, lack of technical experts and awareness among people may restraint the growth of the global Electrochromic glass market.

Electrochromic glass or electronically switchable glass is a kind of smart glass whose optical transmission properties are altered when voltage or heat is applied. When a voltage is applied, the Electrochromic glass responds to the applied voltage and transforms its state from transparent to translucent, blocking some or all wavelengths of light. While improving reliability, it saves cost, space, ruggedness, and sustains the life of electronics and active optics. Furthermore, Electrochromic technology can be employed in indoor applications such as, protecting objects under the glass of museum, display or showcases and picture frame from the harmful effects of the visible and UV wavelengths of artificial light. Electrochromic smart glasses can also be used in educational, commercial, corporate and residential buildings, hospitals, hotels, labs, and retail outlets to create partitions in their windows, walls and skylights.

The global Electrochromic glass market is segmented on the basis of mode of operation (reflectance and transmittance), materials (Inorganic and organic), products (Smart Dimming glass and Display), end-user (building & construction, electronics, healthcare, automotive, aerospace or aviation, marine, and others) application (windows, mirrors, doors, displays, sunglasses, and others), and region. On the basis of end-user, transportation segment is anticipated to be a major segment. Based on material, the inorganic and organic sub-segment consist of nanocrystal (Inorganic), transition metal oxides (Inorganic), reflective hydride (organic), viologen (organic), and polymers (organic).

Key companies profiled in this market are Saint-Gobain S.A., SAGE Electrochromics, View Inc., Asahi Glass Co. Ltd., E. I. du Pont de Nemours and Company,Gentex Corporation, Ravenbrick Llc, and Smartglass International Limited. 

Major Points From Table Of Contents

Global Electrochromic Glass Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

CHAPTER 1. Market Scope and Methodology

CHAPTER 2. Market Outlook

CHAPTER 3. Market Entry Strategy

CHAPTER 4. Global Electrochromic Glass Market Size and Forecast (2014 – 2024)

CHAPTER 5. Global Electrochromic Glass Market, By Region

CHAPTER 6. Key Players and Strategic Developments

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