NEW YORK, United States, Sept. 01, 2022 (GLOBE NEWSWIRE) -- According to Facts and Factors has published a new research report titled “Electrochromic Glass Market Size, Share, Growth Analysis Report By Material (Transition Metal Oxide, Nanocrystal, Viologen), By Application (Windows, Mirrors, Displays, Doors), By End-Use Industry (Building & Construction, Aerospace, Automotive), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Electrochromic Glass Market size & share in terms of revenue was worth of USD 1,629.30 million in 2021 and it is expected to surpass around USD 2,702.55 million mark by 2028, growing at a compound annual growth rate (CAGR) of approximately 8.80% during the forecast period 2022 to 2028.”
What is Electrochromic Glass? How big is the Electrochromic Glass Industry?
Market Overview:
The chromogenic substance used in the technologically advanced electrochromic glass changes its transparency in response to heat and light intensity. In the electronics sector, this kind of glass is often referred to as dynamic glass and provides advantages, including on-demand privacy, control, and energy efficiency. When a voltage is applied to the electrochromic glass, it alters its transparency and functions somewhat like smart glass. Widely utilized in commercial structures like offices, hospitals, and hotels is electrochromic glass.
Because it uses less energy and prevents excessive heat from entering the room, it keeps the temperature in the room cooler during the summer and lowers the cost of air conditioning. As a result of the light reflecting off the glass, spaces are kept cooler. Additionally, these materials don't need the energy to keep a specific hue after the modification.
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Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 207+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)
Report Scope
| Report Attribute | Details |
| Market Size in 2021 | USD 1,629.30 Million |
| Projected Market Size in 2028 | USD 2,702.55 Million |
| CAGR Growth Rate | 8.80% CAGR |
| Base Year | 2021 |
| Forecast Years | 2022-2028 |
| Key Market Players | OSAGE Glass, ChromoGenics AB, RavenBrick LLC, Asahi Glass Company, Gentex Corporation, PPG Industries, Magna Glass & Window, Guardian Industries Corporation, PPG Industries., and Others |
| Key Segment | By Material, Application, End-Use Industry, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
Market Dynamics:
Due to its relative advantages over traditional glass, the global market for electrochromic glass is anticipated to expand throughout the forecast period. The capacity of electrochromic glass to conserve energy through windows, sunroofs, and displays is a crucial factor that will fuel the market's growth. The global electrochromic glass market is anticipated to expand due to features that can easily increase privacy (by making the glass more opaque) and shield furniture and artwork from fading too much light. Shortly, electrochromic glass panels will be more prevalent in the car sector as smart technology features start to play a larger role in consumers' purchasing decisions.
The industry is anticipated to expand over the projected period due to technological advancements and rising demand for energy-efficient solutions across several key industry verticals. Government energy-saving policies have a big impact on the development of the electrochromic glass sector. Although electrochromic glass is a very affordable product, the market's expansion is constrained by the lack of awareness among end users, such as builders and architects, and the slower performance of large glass surfaces. Additionally, the expansion of the electrochromic glass market is constrained by fluctuating raw material costs and high acquisition costs.
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Electrochromic Glass Market: COVID-19 Impact Analysis
The infrastructure and automotive industries both suffered significant damage as a result of COVID-19. As a result of the rapid dissemination of COVID-19 over the world, a number of nations have implemented travel restrictions, which have impeded the movement of both people and products. During the epidemic, operations in the supply chain were affected, which led to delays and postponements in vehicle and infrastructure projects. Because of this, the global market for electrochromic glass grew slowly while the epidemic was going on.
Segmentation Analysis
The electrochromic glass market is segregated based on material, application, end-use industry and region. Based on material, the market is divided into transition metal oxide, nanocrystal, and viologen. Among these, the transition metal oxide segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period.
Based on application, the market is classified into windows, mirrors, displays and doors. In 2021, the windows category dominated the global market. Based on the end-use industry, the market is classified into building & construction, aerospace and automotive. The automotive segment dominated the market in 2021.
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Competitive Landscape
Some of the main competitors dominating the global Electrochromic Glass market include -
- OSAGE Glass
- ChromoGenics AB
- RavenBrick LLC
- Asahi Glass Company
- Gentex Corporation
- PPG Industries
- Magna Glass & Window
- Guardian Industries Corporation
Key Insights from Primary Research:
- As per the analysis shared by our research analyst, the Electrochromic Glass market is estimated to grow annually at a CAGR of around 8.80% over the forecast period (2022-2028).
- In Terms Of Revenue, The Electrochromic Glass market size was valued at around USD 1,629.30 Million in 2021 and is projected to reach USD 2,702.55 Million by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- By material, the transition metal oxide segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period.
- By application, the windows category dominated the market in 2021.
- Europe dominated the global electrochromic glass market in 2021.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Electrochromic Glass industry?
- What are the main driving factors propelling the Electrochromic Glass Market forward?
- What are the leading companies in the Electrochromic Glass Industry?
- What segments does the Electrochromic Glass Market cover?
- How can I receive a free copy of the Electrochromic Glass Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2022−2028
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Material, Application, End-Use Industry, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Regional Analysis:
The electrochromic glass market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Europe is anticipated to have a dominating position in the global market for electrochromic glass in 2021. Electrochromic glass for windows and doors is used more frequently by the European government to promote sustainable green buildings. It uses electrochromic glass to reduce the cost of heating, lighting, and air conditioning.
There is an increasing emphasis on sustainable green buildings in European countries such as France, Germany, Belgium, and others. As a result, electrochromic glass market growth in the European region is being driven by sustainable green buildings.
Recent Developments
- December 2019: As part of the Copen Coupe from Daihatsu Motors, AGC introduced the world's first anti-fogging glass.
- In May 2019, we saw the signing of a deal between NSG Group and Ubiquitous Energy. Ubiquitous Energy is developing, producing, and integrating its ClearView Power technology into architectural window glass as part of the ongoing cooperative development work. This technology will generate solar electricity for buildings.
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The global Electrochromic Glass market is segmented as follows:
By Material
- Transition Metal Oxide
- Nanocrystal
- Viologen
By Application
- Windows
- Mirrors
- Displays
- Doors
By End-Use Industry
- Building & Construction
- Aerospace
- Automotive
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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