Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
One major trend in the Electrochromic Glass industry is sustainability in construction and energy saving. The green initiative has led to architects, constructors, buyers increasingly adopting electrochromic glasses to save energy on buildings. It aids to reduce reliance on HVAC while dynamically controlling solar heat gain thus reducing energy costs.
Further still, there is increasing demand for EC glass in residential applications due to growing popularity of smart homes. Home owners today prefer windows that can be programmed via mobile phones or work seamlessly with home automation systems. Again this is driven by not only convenience but also possible savings through intelligent control over natural light and heat which can be achieved using smart devices among other things. Therefore, residential segment accounts for significant proportion of revenue generation within EC market.
Apart from energy efficiency, it is worth mentioning that commercial sector influences significantly how the market trends develop within the electochromic glass industry. They are progressively incorporating smart solutions into commercial buildings such as offices or shops so as to enhance working conditions improve general energy performance. Better management glare thanks to EC glasses means higher productivity while better regulating sunlight results in more comfortable working environment. This is mostly common in areas that have strict energy saving regulations hence require innovations to observe sustainability practices.
Automotive industry also plays a significant role in the electrochromic glass market. To make electric and self-driving cars better, manufacturers are looking for ways to enhance their overall driving experience. It is used in automotive sunroofs as well as windows so that passengers can control the amount of sunlight entering into the vehicle. Air conditioning systems can be improved by reducing the dependence on them, which not only improves comfort but also makes vehicles more energy efficient.
As the industry gets older, research and development is concentrating on enhancing the performance and cost effectiveness of electrochromic glass. Furthermore, materials and production techniques are predicted to bring about further improvements in the technology thus widening its use. Moreover, there has been a rising trend of partnerships among glass producers, technologists and end users which creates a platform for creating as well as taking up electrochromatic solutions.
Electrochromic Glass Market Highlights:
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.
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 January 2022, announced its partnership with Nabr, a home design company, to build houses using sustainable products. In every Nabr home, View’s Smart Windows, which can adjust automatically and ensure constant access to sun rays and outdoor scenes while minimizing heat and glare, will be installed.
In October 2021, Saint-Gobain confirmed the acquisition of IMPAC. The move is aimed at expanding its footprint and presence in the Latin America Region.
Viracon Plus by Viracon, launched in July 2021, is driven by the electrochromic technology from Halio Inc. Viracon Plus reduces energy use in buildings by adjusting the tint for occupants’ comfort level while maximizing natural light levels.
May 2022 saw the release of a light-controlled panoramic roof with a low-E coating by AGC. AGC is an international glass manufacturer that has come up with groundbreaking ideas in different areas, such as the automation and construction industries.
In May 2023, Glass Dyenamics, an electrochromic glass manufacturer, reported that it had completed 150k cycles over 5k hours according to ASTM E2141-21 durability conditions (Glass Dyenamics). This achievement was made together with the US Department of Energy's National Renewable Energy Laboratory (NREL). By adopting electrochromic windows, one may prevent up to 78 million metric tons per year of CO2 ‚ emissions by 2030 or save as much energy as consumed by approximately nine million more homes per year than occupied last year, and utility bills would exceed $19 billion.
In February 2022, Ambilight invested through Nio Capital in a color-changing electrochromic technology developer that could adjust glass light transmission. With this investment, Nio has included color-changing roofs made out of glass in its latest car models.
Guardian Industries Holdings, LLC unveiled in October 2023 SunGuard SNX 70+, a triple silver-coated glass that has a visible light transmission of 68% and a solar heat gain coefficient of 0.28 when applied to Guardian UltraClear low-iron glass. This piece of glass was designed to have the same neutral color when looked at from any angle. It still looks great, even if they view it indirectly or directly.
Intended Audience
- Electrochromic glass market manufacturers
- Traders and Distributors of Electrochromic glass market
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
