ID: MRFR/SEM/8987-HCR | March 2021 | Region: Global | 100 pages
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.
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)
Source: MRFR 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.
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.
|Market Size||USD 4.96 Billion|
|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.