Electrochromic Glass Market Detailed Analysis Of Current Industry Figures With Forecasts Growth By 2025


Posted March 9, 2020 by rohit890

Electrochromic glass, also known as electronically switchable glass, has various applications such as partitions, windows, skylights, mirrors, and displays.
 
Market Overview

Electrochromic glass, also known as electronically switchable glass, has various applications such as partitions, windows, skylights, mirrors, and displays. It enables user to control the light and heat passing through such glass, aiding in regulating temperature through remote operated switch. It works on the principle of electrochromism, which requires utilization of materials that can change color or opacity on applying the potential difference across the surface. Moreover, these materials do not require electricity to maintain particular shade after the change has been achieved. Owing to these relative advantages over conventional glass, the global electrochromic glass market is expected to witness growth over the forecast period.

Energy can be conserved by using windows, sun roofs, and displays made from this glass and this is expected to be among the prominent factors propelling growth of electrochromic glass market. In high opacity state, these materials are characterized to reflect around 98% of the incident light, reducing the requirement of high cost air conditioning systems. According to U.S. Department of Energy's National Renewable Energy Laboratory (NREL), windows made from this glass material can save around 8% of the total energy consumption of the buildings, as these utilize low amounts of electricity to change from transparent to dark. Furthermore, benefits such as offering privacy at the flick of switch (increasing opacity of the glass), protection of furniture and pictures from fading due to excessive light are anticipated to propel growth of the global electrochromic glass market over the forecast period.

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Market Dynamics

According to U.S. Department of Energy, 25 to 35% of the total energy is wasted in buildings, owing to inefficient heat blocking. Moreover, in 2014, California Energy Commission estimated that around 40% of the buildings cooling requirements are owing to the heat gained due solar emissions through windows. Requirement to reduce these overall energy loss in domestic and commercial enterprises is a factor for increasing demand for electrochromic glass. Moreover, need to for enhancing comfort of commuters in airplane and automobiles to remotely control light and heat is another factor for growth of the market. However, limitation of this material to provide efficient switching operations in surfaces other than planar are expected to hamper the overall industry growth through the forecast period.

Detailed Segmentation:

Global Electrochromic Glass Market, By Application:

Windows

Mirrors

Displays

Others

Global Electrochromic Glass Market, By End Use:

Commercial

Residential

Transportation

Others

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Key players in the market are focusing on continuous innovation and also researching for new application areas for these technologies. For instance, in June 2017, View, Inc. raised around US$ 200 million from funding for improving windows to suit outdoor environment and enhance users’ comfort. Some of the key players in the electrochromic glass market include Chromogenics AB, Asahi Glass Co., Ltd., Guardian Industries Corporation, Econtrol-Glas GmbH & Co. KG, Magna Mirrors Holding GmbH, Gentex Corporation , Ravenbrick Llc, PPG Industries, View, Inc., Sage Electrochromics, Inc., and Diamond Glass.

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Contact Email [email protected]
Issued By rohit
Country India
Categories Advertising , Blogging , Marketing
Last Updated March 9, 2020