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Technavio's market research report identifies that the increasing use of electrochromic storage devices in airplanes will be one of the primary growth drivers for the global electrochromic storage devices market till 2021. Technavio's market research analysts predict that this market will grow at a CAGR of more than 12% by 2021. PPG developed the world's first electrochromic window shades called Alteos interactive window system for commercial aircraft passenger cabins. This advanced system was designed in such a way that they can switch from darkened state to a bright clear or a comfortable intermediate level. Manufacturers use electrochromic materials in an airplane to make smart glass for windows. For instance, Gentex has developed airplane windows using electrochromic glass, which has the highest optical clarity and greatest opacity range from light to dark. Such airplane windows enable passengers to control the amount of light penetrating the cabin. This in turn, reduces the heat load inside the cabin by controlling the transmission of UV and IR radiation.
In terms of geography, North America accounted for the majority market share in the electrochromic energy storage devices market during 2016 due to the growth in the transportation sector. North America will continue to be the largest market for airplanes during the forecasted period due to the rising number of corporate organizations and growing scope for upcoming ventures in various regions such as the US and Canada.
The electrochromic storage devices market is characterized by the presence of several that vendors have established positions and strong presence in the market. The major vendors in the electrochromic energy storage devices market are focusing on acquiring the companies that specialize in similar services to capture the market. They are also trying to increase their product portfolios through these acquisitions. Electrochromic film vendors are increasingly competing against each other based on factors such as new product launches, newer or updated technologies, and designing application-specific products.
Key vendors in this market are -
Other prominent vendors in the market include ChromoGenics, EControl-Glas, prelonic technologies, SAGE Electrochromics, and View.
The metal oxides segment contributed the maximum shares during 2016. Cathodic color under ion insertion and anodic color under ion extraction are the two different kinds of electrochromic oxides in the segment. Tungsten oxides are the most commonly used cathodic electrochromic oxides. Manufacturers are concentrating on the large-scale fabrication of electrochromic devices such as pseudocapacitor glass windows. The segment will continue to grow for the next four years because these glass windows combine energy storage and electrochromism using tungsten film electrodes.
Electrochromic storage devices are extensively used in commercial buildings due to their ability to block or allow light and heat. They are used for various applications, including windows, doors, sky lights, and partitions. The commercial segment will continue to grow in the electrochromic energy storage devices market in the forthcoming years due to the increasing use of insulating dynamic windows to reduce energy consumption in the commercial sector.
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Electrochromic devices have found application in futuristic technologies like smart glass, electrochromic mirrors, and electrochromic display devices. The technology also strives in storing the energy generated and using it for various other applications. Technavio's market research reports give insights into emerging areas of the hardware and semiconductor industry, such as electrochromic storage device, which falls under the semiconductor equipment sector. This upcoming industry research report on the global electrochromic storage devices provides insights into the key trends and eminent drivers influencing the growth of the hardware and semiconductor industry.
The upcoming report on the global electrochromic storage device also presents analysis as per the geographic segmentation by covering regions such as the Americas, APAC, and EMEA. This upcoming industry report on the global electrochromic storage devices also considers the growth of the similar markets such as the global microcontroller market and global supercapacitor market, which are expected to grow at a CAGR of more than 5% and 9%, respectively during the forecasted period. Due to the technology shift towards smart wearables, our analysts predict that the demand for energy efficient glasses is expected to increase. This increase in the demand for energy-efficient glasses is, in turn, expected to drive the demand for electrochromic storage devices globally.
This upcoming market research report on the global electrochromic storage devices also covers vendors like RavenBrick LLC, SAGE Electrochromics, ChromoGenics AB, ChromoGenics AB, Asahi Glass Company, Gentex Corporation (U.S.), EControl-Glas (Germany), Magna Glass & Window, Guardian Industries (U.S.), PPG Industries (U.S.), View Inc, and Saint-Gobain. With the help of extensive primary and secondary research, the market research report identifies the key drivers, major trends, and opportunities and challenges faced by the industry. Technavio also provides deep-dive market assessments into the sectors such as human machine interface and lighting.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Introduction
PART 04: Market landscape
PART 05: Market segmentation by material
PART 06: Market segmentation by sector
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
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