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Electrochromic Glass Market Research Report- Forecast till 2030

Electrochromic Glass Market Research: Information By Material (Transition Metal Oxide, Nanocrystal, Viologen), Application (Windows, Mirrors, Displays, Doors) End-Use (Building & Construction, Aerospace, Automotive) – Forecast Till 2030

ID: MRFR/CnM/4083-HCR | December 2022 | Region: Global | 137 Pages         

Electrochromic glass Market

The global electrochromic glass market was valued at $1.4 billion in 2021 and is projected to reach $2.6 billion by 2027, growing at a CAGR of 9% from 2022 to 2027.

Segmentation

By Material Transition Metal Oxide Nanocrystal Viologen
By Application Windows Mirrors Displays Doors
By End-Use Industry Building & Construction Aerospace Automotive

Key Players

  • SAGE Glass
  • ChromoGenics AB (Sweden)
  • RavenBrick LLC (U.S.)
  • Asahi Glass Company (Japan)
  • Gentex Corporation (U.S.)
  • PPG Industries (U.S.)
  • Magna Glass & Window
  • Guardian Industries Corporation (U.S.)
  • PPG Industries (U.S.)

Drivers

  • The demand from the end use industries is a major factor driving the growth
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Electrochromic Glass Market Overview
 
The global electrochromic glass market was valued at $1.4 billion in 2021 and is projected to reach $2.6 billion by 2027, growing at a CAGR of 9% from 2022 to 2027. Electrochromic glass is a sort of smart or switchable glass that uses an electrochromic mechanism to work. By allowing the user to manage the quantity of light and heat going through the glass, these glasses have unique temperature-regulating properties. When a charge is applied to an electrochromic material, it changes color and opacity. Remote controls, wall switches, light sensors, and timers, among other things, can be used to activate the transition of electrochromic glass from transparent to opaque. During the forecast years, the global Electrochromic Glass Market is expected to increase significantly due to the advantages of electrochromic glass over ordinary glass.
 
The demand from end-user industries is a primary driver of the worldwide electrochromic glass market's expansion. One of the key elements driving expansion is the potential of electrochromic glass windows, displays, and sunroofs to conserve energy. Furthermore, rising demand from residential and commercial structures, owing to its benefits of providing opacity at the touch of a button, is propelling the market forward. Also, several variables influence the need for automobile glass. With an increase in the total vehicle population and miles driven, the number of glasses that need to be replaced rises. Weather and traffic conditions might further increase the need for auto glass repair and replacement.

The Global electrochromic glass market share by end-use industry.


 Electrochromic Glass Market


Source: MRFR analysis


Regional Analysis 


The electrochromic glass market is segmented across five regions: Europe, Latin America, North America, Asia Pacific, and the Middle East & Africa. Among these, North America followed by Europe holds a major share of the market and is expected to be a dominant region with an encouraging CAGR during the forecast period. The Asia Pacific is anticipated to be the fastest growing market during the forecast years. The rapid growth of the automobile industry along with the growing investment in infrastructural development is fuelling the growth of electrochromic glass in the developing countries of Asia Pacific. China, India, and Japan are the largest consumers of electrochromic glass in this region. North America is a major market of electrochromic glass. The developed end-user industries such as construction, automotive, and aerospace among others are significantly driving the market growth. Moreover, the growing investment in the renovation of infrastructure coupled with the high adoption rate is other factor growing the demand for electrochromic glass.


The European market is mainly driven by the developed automobile and marine industry. Moreover, the growing government encouragement in the development of green buildings has augmented the use of electrochromic glass, especially in countries such as Germany, France, and Belgium.


Segmental Analysis


The global electrochromic glass market is segmented into the material, application, and end-user industry. On the basis of the material, the market is segmented into transition metal oxide (TMO), nanocrystal, viologen, polymer, reflective hydride. On the basis of the application, the global electrochromic glass market is segregated into windows, mirrors, displays, doors and others. On the basis of the end-user industry, the market is bifurcated into building & construction, automotive, aerospace, marine, and others.


Key Players


Some of the prominent players operating in the global electrochromic  glass market are SAGE Glass, Inc.(U.S.), ChromoGenics AB (Sweden), RavenBrick LLC (U.S.), Asahi Glass Company (Japan), Gentex Corporation (U.S.), PPG Industries (U.S.), Magna Glass & Window, Inc. (U.S.) , Guardian Industries Corporation (U.S.), PPG Industries (U.S.), and View, Inc. (U.S.) among others


Geographical Analysis


The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Recent Development


In May 2019, NSG Group and Ubiquitous Energy, a pioneer in transparent solar technology, signed a cooperative development agreement. Ubiquitous Energy's ClearView Power technology is being developed, manufactured, and integrated into architectural window glass with the potential to generate solar electricity for buildings as part of the ongoing joint development work.
 
In December 2019, In the Copen Coupe from Daihatsu Motors, AGC became the first in the world to use anti-fogging glass technology capable of maintaining a clear field of vision for drivers. The deal has improved the company's capacity to service the managed detection.

Intended Audience



  • Electrochromic  glass   market manufacturers

  • Traders and Distributors of Electrochromic  glass  market

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory 



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant value
  CAGR    (2020-2030): 3.80% CAGR
  Base Year   2021
  Forecast Period   2020 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Material, Application, End-Use Industry and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   SAGE Glass, Inc.(U.S.), ChromoGenics AB (Sweden), RavenBrick LLC (U.S.), Asahi Glass Company (Japan), Gentex Corporation (U.S.), PPG Industries (U.S.), Magna Glass & Window, Inc. (U.S.) , Guardian Industries Corporation (U.S.), PPG Industries (U.S.), and View, Inc. (U.S.) among others
  Key Market Opportunities   The advantages of electrochromic glass over the conventional glass during the forecast years.
  Key Market Drivers   The demand from the end use industries is a major factor driving the growth


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Frequently Asked Questions (FAQ) :

North America has the lead in the global electrochromic glass market.

The growth of the global electrochromic glass market can be inspired by companies like ChromoGenics AB (Sweden), SAGE Glass, Inc.(U.S.), Asahi Glass Company (Japan), Gentex Corporation (U.S.), RavenBrick LLC (U.S.), Magna Glass & Window, Inc. (U.S.), PPG Industries (U.S.), PPG Industries (U.S.), Guardian Industries Corporation (U.S.), and View, Inc. (U.S.).

Several tactical moves like mergers, better R&D, acquisitions, advertising, production plan, product launch, collaborations, and others would be launched by leading market players of the electrochromic glass market.

The building and construction sector is expected to hold the maximum share of the electrochromic glass market.

The ability to regulate temperature and light is a major property of the electrochromic glass, which is gaining substantial demand from several end user industries and can inspire growth for the market.