Based on the Future Market Insights study, it is estimated that the global Electrochromic Glass and Devices Market will be worth US$ 2.4 billion in 2022. The market is expected to grow at a compound annual growth rate (CAGR) of By 2022, it is expected that the top 3 countries will capture about 38-40% of the market demand for automotive, aviation and corporate office applications.
Ever thought of glasses whose visibility can be tailored as per your needs, electrochromic glass is one such alternative. Electrochromic materials are the ones capable of changing their optical properties reversibly and persistently, by the application of an electrical voltage. This effect is deployed in cooling or warming a room and to save energy by cutting down on air conditioning or heating. This technology have been known for years.
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Electrochromic devices (ECD) are systems of considerable commercial interest due to their controllable transmission, absorption and/or reflectance. ECD is five-layer structure typically composed of glass substrate, transparent conductor, electrochromic coating, ion conductor and ion storage coating. These devices are gaining prominence due to their possible application in architecture for energy-efficient modern buildings; where it is possible to control the flow of light and heat passing through the building glazing. ECDs can also be applied as glazing of vehicles, aircrafts, trains and also as rearview mirrors already used in vehicles, as well as temperature control of frozen food. Primarily these devices are used to glare attenuation in automobile rearview mirrors and also in smart windows which regulate the solar gains of buildings. Other possible applications of ECDs include solar cells, small- and large-area flat panel displays, frozen food monitoring and document authentication also are of great interest.
Electrochromic Glass & Devices Market: Drivers & Restraints
Rising concern for efficient energy systems, increasing per capita income and rising levels of global warming are some of the key factors driving the growth of the electrochromic glass & devices market.
Complexity of the problem in attaining satisfactory practical functionality, Investment cost and Performance of these devices are few probable factors restraining the growth of the electrochromic glass & devices market.
Electrochromic Glass & Devices Market: Segmentation
The global electrochromic glass & devices market is broadly classified on the basis of mode of operation, applications, material and geographies.
Based on mode of operation, the global electrochromic glass & devices market is segmented into:
Reflectance
Transmittance
Based on application, the global electrochromic glass & devices market is segmented into:
Automotive
Architectural
Aircraft
Based on material, the global electrochromic glass & devices market is segmented into:
Metal oxide film
Conducting polymer
Molecular dye
Key Companies Profiled
- AGC Inc.
- Chromogenic AB
- Compagnie De Saint Gobain S.A.
- Hitachi Chemical Co. Ltd.
- Kinestral Technologies Inc.
- Pleotint LLC
- Polytronix Inc.
- Research Frontiers Inc.
- SmartGlass International
- View Inc.
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Electrochromic Glass and Devices Market by Category
By Operation, Electrochromic Glass and Devices Market are segmented as:
- Reflectance
- Transmittance
By Application, Electrochromic Glass and Devices Market are segmented as:
- Automotive
- Architectural
- Aircraft
By Material, Electrochromic Glass and Devices Market are segmented as:
- Metal Oxide Film
- Conducting Powder
- Molecular Dye
By Region, Electrochromic Glass and Devices Market are segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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