The global electrochromic window market is estimated to reach USD 4.96 billion by 2027, registering a CAGR of 14.2% during the forecast period of 2020–2027. The Electro chromatic windows were also known as the smart windows as their automated functionality have enhanced the user experience and reduced the overall expense of the buildings. The experts in the industry consider that the Electro Chromatic windows are the most cost-effective, environmentally friendly, and energy-efficient glass installation solution for any kind of building. The adaptation of advanced technologies such as AI, IoT in the smart windows improvises the overall performance of these windows, thereby impacting the overall growth of the electrochromic window market.
The ability to change the color and opacity by inducing electric current enhances the overall performance of Electro chromatic windows. The increasing investments in commercial and residential buildings are also impacting the overall growth of the electrochromic window industry.
The COVID 19 has halted the production rates in several industries including automotive, construction due to the movement restriction imposed across the globe and shortage of manpower. On the other hand, the declining economic condition in several industrial verticals has also affected the industrial processes. Such factors have severely impacted the growth of electrochromic window market.Â
The pandemic has also created an imbalance in the business sectors, which includes shortage in supply, reduced demand for several products, increased price, and other critical factors which have affected the end-user industries of the electrochromic market.Â
Recent studies show that among several natural elements, lighting seems to have a larger impact on the human body. The traditional windows were having over 53% heat load on the buildings, whereas the Electro Chromatic windows were able to block about 90% of solar radiation and thereby prevent the energy transfer from the exterior environment into the buildings.
The potential advantages of the Electro Chromatic windows include saving the air-conditioning and utility bills including the HVAC systems, reducing the requirements of artificial lightings. Since there are several advantages associated with smart windows, they are increasingly adopted by the residential buildings, which offer the residents quality sleep every night and increase productivity by over 90% comparatively.
The increasing adoption of advanced technologies that include artificial intelligence and the Internet of Things are increasingly influencing the growth of the electrochromic window market. The automation of these windows helps in efficient controlling of the temperature of the room, which significantly reduces the air conditioning costs and other utility costs. Such factors have propelled the architects and industrialists to deploy the electro-chromatic windows.Â
The hotels, restaurants, and other commercial buildings are deploying electro-chromatic windows to attract customers and to increase the value of the buildings. Some of the hotel rooms have installed glass to build the walls of the bathrooms, when the glasses are powered with electricity; they change into opaque or translucent. Such factors are increasingly affecting the overall growth of the electrochromic window industry.Â
The responsiveness of the smart windows highly influences the usage of the electro-chromatic windows. The smaller windows are generally highly responsive to the adjustments made manually. The larger windows response is slower to the manual commands. Such factors restrict the overall growth of Electro chromatic industry.
The higher price incurred in the manufacturing of electro-chromatic windows and lesser innovations in the industry are also hindering the growth of electrochromic window industry.
The emerging electrochromic window market players are competing with the leading market players, on the other hand, the challenges for these emerging market players are comparatively more than the existing market players. The stringent regulations imposed by the government based on Industry 4.0 are also suppressing the growth of the emerging market players. Such factors are considered as the primary challenges for the electrochromic window industry.
The requirement of electricity, which restricts the windows from being dependent on renewable energy sources, is hindering the usage of the smart windows and is also considered as the primary challenge of the electrochromic window industry.
The potential benefits of the electro chromatic windows have propelled the end-user industries to increase their deployment. On the other hand, the electro-chromatic windows, due to the varied material usage are getting deployed in various numbers applications in recent times. Some of the potential benefits include the enhanced protection from the harmful infrared and UV rays, the multiple coatings of the glass layers one over the other help in blocking these harmful rays, therefore they are increasingly deployed in hospitals and smart homes. The market value of the electrochromic window market is expected to showcase a market value of USD 4.96 billion by the year 2026 while registering a healthy CAGR of 14.2% during the forecast period. The market value growth is projected to surpass the expectations since several countries are proposing plans to upgrade the existing office buildings, institutions, and other commercial buildings.Â
The Electro Chromic glass is otherwise called Smart Glass or dynamic glass which is considered an extremely energy-efficient addition to the household or commercial buildings. The smart windows control the amount of heat, light that the rooms receive thereby increasing the comfort level and productivity. Commercial buildings and office buildings are increasingly utilizing electrochromic windows for various benefits such as controlling solar radiation, reducing the size of HVAC systems, lowering the energy consumption, building burdensome window shades, window screens, and many more.Â
On the other hand, Electro chromatic glasses are now being deployed in the automotive industry to enhance the user experience in luxury cars. With the increasing number of smart homes and smart cities with the increasing investments in the industry, the electrochromic window market value is expected to witness a healthy growth in the forecast period.
North America and Europe are considered as the two prime market holders of the Electrochromic Window industry. On the other hand, the Asia-pacific region is expected to witness a steady growth in the Electro Chromic industry owing to the rapid development in the automotive industry. The automotive industry is upgrading and adopting almost every advanced technology to provide the supreme user experience. Countries like China, India, Japan are considered as the world's largest consumers of electro-chromatic glass as the end-user industries of Electro chromatic glasses industry like construction, automotive, aerospace are rapidly developing in those regions.Â
On the other hand, European countries such as Germany, France, Spain, UK are the increasingly utilizing Electro chromatic glasses as they usually utilize varied kinds of flexible building materials in the commercial, hospitality, healthcare, residential sectors, and so on. Moreover, the European government is continuously encouraging energy-efficient solutions and increasingly adopting renewable energy resources for electricity generation. Therefore the energy-efficient and environmentally friendly Electro Chromatic windows are gaining popularity in the European countries.
Click Materials:
AGC Inc.:
This report has covered:
| Report Attribute/Metric | Details |
| Market Size 2027 | USD 4.96 Billion |
| CAGR | 14.2%% (2020-2027) |
| 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 |
Electrochromic Window Market Highlights:
Frequently Asked Questions (FAQ) :
The electrochromic window market value can touch USD 4.96 billion by 2027
The electrochromic window market is expected to display 14.2% CAGR from 2020 to 2027.
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 2027.
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.
Research Analyst Level II With a technical background in information technology & semiconductors, shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the ict/semiconductor domain. shubham holds a bachelor’s in information and technology and a master of business administration (mba). shubham has executed over 150 research projects for our clients under the brand name market research future in the last 2 years. his core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. he is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. he has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. he has worked on the projects of top tech brands such as ibm, google, microsoft, aws, meta, oracle, cisco systems, samsung, accenture, vmware, schneider electric, dell, hp, ericsson, and so many others. he has worked on metaverse, web 3.0, zero-trust security, cyber-security, blockchain, quantum computing, robotics, 5g technology, high-performance computing, data centers, ai, automation, it equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.
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