According to Technavio’s latest market research study, the global electrochromic glass market is expected to grow at a CAGR of more than 12% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global electrochromic glass market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application type
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The top three revenue contributing product segments are discussed below
Global electrochromic glass market for building and construction: Electrochromic glass is principally used in residential buildings. Electrochromic glass is gaining popularity due to the applicational benefits it offers in walk-in closets to switch between the clear state and the opaque state, as desired by the user. The innovative advancement of electrochromic glass in residential buildings is expected to favor growth of the global electrochromic glass market for building and construction during the forecast period.
“Electrochromic glass facilitates easy cleaning and is more hygienic when compared with traditional blinds. The increased hospital construction activities in developed countries such as Germany and France (in EMEA) in the coming years is anticipated to propel the demand for electrochromic glass from the commercial building and construction segment,” says Ajay Adikari, a lead analyst at Technavio for research on glass and ceramics.
Global electrochromic glass market for automotive and transportation: The use of electrochromic glass in automobiles is on the rise as it enables cost and energy savings, and develops the functionality of automotive mirrors and sunroofs by eliminating the need to adjust the mirror manually for night-time driving. The market is also driven by the preference of customers for a more open experience in vehicles, and the perception of increased interior space. In addition, there is a need for protection from the sun’s glare for increased comfort. The market research analysts at Technavio anticipate the global electrochromic glass market for automobiles and transportation to account for a revenue of almost USD 1 billion by 2021.
Global electrochromic glass market for other applications: The others segment of the market includes the application of electrochromic glass in aerospace, eyewear, and consumer electronics such as mobile phones. The segment for aerospace has an increased demand principally due to the dimming effect that the glass offers, thereby enhancing the comfort of passengers on flight.
The top vendors operating in the global electrochromic glass market are:
- ASAHI GLASS
- Gentex
- PPG Industries
- Saint-Gobain
- View
Other prominent vendors in the market include Corning, Diamond Glass, DuPont, EControl-Glas, Guardian Industries, and Magna International.
A more detailed analysis is available in the Technavio report titled, ‘Global Electrochromic Glass Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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