Electrochromic Window Market Research Report - Global Forecast till 2027

Electrochromic Window Market Research Report: By Product (Polymer Laminate EC, All Solid-State EC), By Application (Residential, Commercial Building) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/SEM/8987-HCR | March 2021 | Region: Global | 100 pages

Market Synopsis


The global electrochromic Window Market is estimated to reach USD 4.96 billion by 2026, registering a CAGR of 14.2% during the forecast period of 2020–2026.


The electrochromic technology can increase the functionality of glass by reducing the noise and temperature of the surroundings. Among all the sectors and industries served by electrochromic window manufacturers, the major objective fulfilled by EC windows is to provide a cost-effective and eco-friendly glass installation solution to the end users. Electrochromic windows are being rapidly adopted across major economies, the US being on top with the highest number of installations. These windows are also in significant demand from the media & technology industry owing to the rapidly developing AI technology in combination with smart glass.


There has been a considerable increase in the demand for electrochromic technology smart glass. The major factors boosting the growth of the global market include growing demand for electrochromic windows in commercial buildings and the use of smart electrochromic glass in residential.As technology has developed, electrochromic windows have become the predominant facade material for solar energy solutions. In the solar energy industry, electrochromic technology can be used as a thinner cover glass for photovoltaic panels that are important for solar concentrators. Electrochromic windows offer unrivaled control of solar glare and assist in reducing the thermal transmittance through a glass façade, which directly reduces the associated heating, ventilation, and air conditioning (HVAC) costs. It can be automatically tuned to different levels of darkness, allowing complete solar glare control. Electrochromic windowsare expected to foster innovative building design while offering unprecedented environmental benefits and protection to building inhabitants.


Industry News



  • In June 2019, Kinestral Technologies, Inc. partnered with Vitrum Glass Group to produce Halio insulating glass units (IGUs) for multiple commercial projects in North America. These projects will use more than 100,000 square feet of Halio smart-tinting glass produced at Kinestral’s large-scale Taiwan manufacturing facility.

  • In January 2019, Gentex Corporation launched dimmable glass systems and digital vision technologies for automaker implementation.

  • In September 2018, Kinestral Technologies, Inc. entered into an agreement with Katerra to integrate Kinestral's Halio Smart-Tinting Glass into its smart buildings.

  • In September 2018, ChromoGenics AB signed an agreement with Regal Förvaltning AB, hardware component manufacturer, to deliver ConverLight Dynamic Glass to the Regal office in Uppsala. ChromoGenics’ dynamic glass automatically controls the heat and daylight emitted in buildings, providing increased indoor comfort.

  • In June 2017, Pleotint, LLC partnered with Pilkington, a manufacturer of glass and glazing products, to supply its high-performance Suntuitive dynamic glass interlayer to Pilkington for use in the Pilkington Suncool Dynamic product line.




Segmentation


The global electrochromic Window Market has been segmented based onproduct, application, and region.


By product, the global electrochromic Window Market has been segmented intopolymer laminate EC and all solid-state EC


By application, the global electrochromic Window Market has been segmented intoresidential and commercial.


By region, the electrochromic Window Market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.


Global Electrochromic Window Market, 2018–2026 (USD Billion)
Electrochromic Window Market


Source: MRFR Analysis


Regional Analysis


The global electrochromic Window Market is estimated to grow at a significant rate during the forecast period from 2020 to 2026. The geographic analysis of electrochromic window has been conducted for North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, and the rest of Asia-Pacific), and the rest of the world (the Middle East and Africa and South America). Among these regions, North America has dominated the global market in 2019 and is expected to maintain its dominance throughout the forecast period. On the other hand, the Asia-Pacific region is expected to witness the fastest growth during the forecast period.


Key Players


MRFR recognizes the key players in theglobal electrochromic Window Market. These include Click 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 present a cost-effective product portfolio. There have been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.


Intended Audience



  • Investors and Consultants

  • Government Organizations

  • Research/Consultancy Firms

  • Manufacturers

  • Safety Providers

  • Industries



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 4.96 Billion
  CAGR   14.2%% (2020-2026)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Click Materials, AGC Inc, Corning Inc, Saint-Gobain, Vitro Architectural Glass, View Inc, RayenBrick, Polytronix, Gentex Corporation, Diamond Glass, Scienstry, Pleotint, and Kinestral Technologies
  Key Market Opportunities   Increasing rapidly developing artificial intelligence technology in combination with smart glass
  Key Market Drivers   Growing demand for electrochromic windows in commercial buildings and use of smart electrochromic glass in residential


Frequently Asked Questions (FAQ) :


The electrochromic window market value can touch USD 4.96 billion by 2026

The electrochromic window market is expected to display 5.4% CAGR from 2020 to 2026.

Use of smart solutions for controlling sunlight in major industries is the major driver of the market.

North America can lead in the electrochromic window market till 2026.

Click Materials, Pleotint, View Inc, Vitro Architectural Glass, AGC Inc, Gentex Corporation, RayenBrick, Saint-Gobain, Kinestral Technologies, Diamond Glass, Scienstry, Polytronix, and Corning Inc are key players of the global electrochromic window market.