Global Electrochromic Glass Market 2017-2021
About Electrochromic Glass
Electrochromic glass is one of the segments in the line of smart glass sub-categories and falls under the ‘Active Smart Glass’ category, which is controlled automatically or manually and is sensitive to an electrical stimulus. Electrochromic glass is also known as electronically switchable glass and is based on the principle of electrochromism, which translates the mechanism in which the color of the glass changes or results in opacity once the switch is turned on.
Technavio’s analysts forecast the global electrochromic glass market to grow at a CAGR of 12.31% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global electrochromic glass market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Electrochromic Glass Market 2017-2021
Technavio recognizes the following companies as the key players in the global electrochromic glass market: ASAHI GLASS, Gentex, PPG Industries, Saint-Gobain and View.
Other Prominent Vendors in the market are: Corning, Diamond Glass, DuPont, EControl-Glas, Guardian Industries, Magna International.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is introduction of transition-metal hydride electrochromic. An innovative advancement in the global electrochromic glass market is the introduction of electrochromic hydride material that demonstrates unusual properties. For instance, thin Ni-Mg (nickel-manganese) films have a reduced visible transmittance as they demonstrate mirror-like properties.”
According to the report, one driver in the market is robust demand for energy efficient systems. The advancement in nanotechnology, environmental concerns (global warming), and rising pressure on the energy efficiency of buildings has necessitated the application of energy-efficient systems translating into the use of electrochromic glass in different applications, particularly in the construction of buildings. For instance, the buildings in the US account for at least 20%-30% of energy wastage due to inefficiency, with at least 35% of the cooling requirements of a typical building are because of heat gain (solar) through windows. This has fueled the demand for electrochromic glasses, particularly in the Americas.
Further, the report states that one challenge in the market is increasing demand for SPD technology. The global electrochromic glass market faces competition from substitutes such as retro reflective panels and other types of smart glass technology such as SPD. The SPD has impeded the growth of the global electrochromic glass market by staying one step ahead of the benefits that electrochromic glass offers, by offering a range of light-control benefits. When compared with other switchable materials including the electrochromic materials, SPD smart glass offers unparalleled precision and rapid tuning of a window or pane to a required level of transparency within 3 seconds, irrespective of the size of the window.
ASAHI GLASS, Gentex, PPG Industries, Saint-Gobain, View, Corning, Diamond Glass, DuPont, EControl-Glas, Guardian Industries, Magna International.