Global Electrochromic Glass Market 2017-2021

Overview of the global electrochromic glass market

As per the Technavio’s market research report, the global electrochromic glass market will grow at a moderate rate and post a CAGR of more than 12% during the forecast period. The increasing adoption of green or Leadership in Energy and Environmental Design (LEED) buildings will drive the growth prospects for the global electrochromic glass market during the predicted period. The growing concern of government agencies and municipalities towards environmental issues have encouraged the construction of green buildings to reduce the negative impacts on climate and natural resources by increasing the installation of electrochromic privacy glass. Also, a number of green committees, green conferences, and green journals are established in professional and building trade organizations to support the adoption of green buildings, which in turn, will drive the purchase of electrochromic glass across the globe.

One of the major trends that will gain traction in the electrochromic glass market in the next few years is the increasing use of photovoltaic-integrated electrochromic devices in smart glass applications. The photovoltaic electrochromic (PVEC) device is a semi-transparent device that includes a thin-film solar panel (Si-TFSC) substrate, non-conductive transparent substrate, and an electrochromic solution. Since this device has many benefits such as increased transmittance, the ability to form a uniform electric field, and other properties, the market will experience a high demand for these devices that will drive the market for electrochromic glass.

Competitive landscape and key vendors

The global electrochromic glass market comprises of few major vendors that are highly driven by creativity and innovative ideas. These vendors are increasingly adopting mergers and acquisitions strategies and partnerships, and are offering a wide range of electrochromic glass products to expand their sales volume in this global market. Several vendors are increasingly competing against each other based on factors such as quality, price, and features.

Key vendors in this 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.

Segmentation by application and analysis of the electrochromic glass market

• Building and construction
• Automotive and transportation

The building and construction segment was the leading contributor to the electrochromic glass market during 2016 and the segment is expected to continue its dominance till 2021. The electrochromic glasses are highly used for commercial purposes in marine, aviation, hospitals, and other commercial building applications. The increase in sales of electrochromic glass in residential buildings since they eliminate the need for massive blinds and curtains will be a major factor fueling the segment’s growth.

Segmentation by geography and analysis of the electrochromic glass market

• Americas
• APAC
• EMEA

The Americas was the highest revenue contributor for the electrochromic glass market during 2016 and is estimated to dominate the market in the forthcoming years. The region is witnessing an increasing installation of smart glass technology such as electrochromic glass in modern offices, which will positively impact the market’s growth in the coming years. Furthermore, factors such as the growing demand for electrochromic switchable glass in the field of architecture, growth in the real estate market, and the growing awareness among individuals about the conservation of energy, will also boost the growth of the electrochromic glass market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global electrochromic glass market?
• What are the key market trends impacting the growth of the global electrochromic glass market?
• What are the challenges to market growth?
• Who are the key vendors in the global electrochromic glass market?
• What are the market opportunities and threats faced by the vendors in the global electrochromic glass market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global electrochromic glass market?

Technavio also offers customization on reports based on specific client requirement.

To help clients gain a competitive edge over their peers, the global market research firm Technavio provides an extensive collection of industry market research reports on the multiple aspects of the glass and ceramics market, which is an integral part of the chemicals and materials industry.

To identify the glass and ceramics industry’s growth prospects, research analysts at Technavio follow a mix of primary and secondary market data collection methods and consider factors like the market size and the demand for multiple products across the globe. This upcoming report on the global electrochromic glass market also considers the growth of related markets such as concrete bonding agents and flat glass for construction industry, which are expected to project at a CAGR of above 7% and almost 6% respectively, during the period 2017 to 2021.

This upcoming industry research report for the global electrochromic glass market also identifies the key drivers, emerging trends, and the challenges currently experienced by the chemicals and materials sector and reveals holistic overviews into the markets of plastics, polymers, and elastomers and paints, coatings, and pigments.