Global Electrochromic Window Market Is Expected to Register a CAGR of 14.2% from 2020 to 2027

Pune, India, March 2021, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Electrochromic Window Market.

Market Overview

Market Research Future (MRFR) announces the publication of its half-cooked research report—Global Electrochromic Window Market 2020–2027.

According to Market Research Future, the global electrochromic Window Market has been segmentedbased onproduct, application, and region.

Electrochromic is a technique where the color of a substance is controlled by applying voltage. A window with electrochromic glass can block ultraviolet (UV) and infrared light automatically. An electrochromic window is coated with multiple thin layers of glass material, one over the other. Electrochromic technology has huge environment-related benefits. One of its advantages is it reflects the light, reducing the need for air conditioning (AC), which indirectly lowers the high cost of installing AC and the day-to-day cost associated with its maintenance. However, electrochromic window installation is expensive than installingconventionalwindows due to the use of electrodes and metal coatings. Electrochromic glass requires the installation of new glass as it does not apply the film on the existing glass and is applicable on exterior glass only. As voltage is applied to the electrodes, the ions migrate through the separator to the outermost electrode, and then they make it reflect light which automatically turns it opaque.

By product, the global electrochromic Window Market has been segmented intopolymer laminate EC and all solid-state EC. Among these, polymer laminate EC dominated the market during the forecast period, while all solid-state EC is expected to register the higher CAGR during the study period.

By application, the global electrochromic Window Market has been segmented intoresidential and commercial. Electrochromic windowscan change according to external stimuli. Electrochromic glass is an efficient solution for buildings, including classrooms, healthcare facilities, commercial offices, retail spaces, museums and cultural institutions where solar control settings are a challenge. Many consumers are customizing their properties by deploying electrochromic smart windows over traditional windows. This reduces the cost of installing other alternate products for light dimming and maintaining energy efficiency. Electrochromic technology is one of the widely used technologies in green construction. This technology has enabled users a nearly 25% reduction in heating, ventilation, and air conditioning (HVAC) costs. Hence, the commercial building segment is expected to hold the larger market share during the forecast period.

By region, the global electrochromic Window Market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.In 2019,North America accounts for the largest market share owing to the presence of major glass manufacturers. Moreover, various IT companies in California, the US, are upgrading and deploying electrochromic windows in new constructions for projection-ready windows. Furthermore, due to the rapid adoption of smart homes, the users of electrochromic windows also increased for residential properties, especially for external windows, kitchen walls and bathrooms. These glass windows are highly customizable and considerably expensive.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Electrochromic Window Market Research Report

Key Players

Some of the prominent players in the electrochromic window marketClick Materials, AGC Inc, Corning Inc, Saint-Gobain, Vitro Architectural Glass, View Inc, RayenBrick, Polytronix, Gentex Corporation, Diamond Glass, Scienstry, Pleotint, and Kinestral Technologies. These players focus on innovation and, thus, invest in research & development to offer a cost-effective product portfolio. There have been recent mergers and acquisitions among the key players, which are strategies business entities leverage to boost their reach to the customers