Electrochromic Glass Market, by Application, End Use, and Region - Global Trends, and Forecast till 2025
Electrochromic glass are electronically switchable
glass that can transform from transparent to opaque depending on the
potential difference applied across the terminal of the attached to
the surface ends of the material. These are increasingly being used
in commercial and residential buildings as windows, for automotive
mirrors & windows, airplane windows, and space separators.
Ability to control transparency or opaqueness to enable user privacy
or to control lighting conditions, remotely is expected to be the
major factor for growth of the 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.
Transportation end-use segment held the
dominant position in 2016, and is expected to retain its dominance
over the forecast period
In August 2011, Boeing 787-9 Dreamliner was the
first airplane to use electrochromic windows for commuters’
convenience. Moreover, owing to its energy saving properties,
automotive brands including Audi, Daimler, and BMW have deployed
smart glass in some of their top-end models for rear view mirrors,
sun-roofs, and other applications. Increasing demand for large
surface area sun-roofs to enhance the interior space of vehicles, and
drawbacks of mechanical blinds for large surface areas, are expected
to be factors for growth of the market. Commercial and residential
segments are expected gain significant traction over the forecast
period. This is owing to increasing adoption of electrochromic glass
for saving energy and for controlling in-house ambient temperature
and light conditions.
Europe held the largest share in 2016 and
is expected to maintain its dominance in the near future
Consumers in the developed nations such as the
U.S., Canada, and European countries including, Germany, the U.K.,
France, and Italy are increasingly focused on energy conservation
that are lost owing to heat and bad natural lighting transmitted
through the conventional windows. Smart glass has gained significant
popularity and adoption owing to presence of some of the key
automotive players adopting these materials in Europe for better
consumer comfortability.
Global Key Players:
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.
Detailed Segmentation:
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Global Electrochromic Glass Market, By Application:
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Windows
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Mirrors
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Displays
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Others
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Global Electrochromic Glass Market, By End Use:
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Commercial
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Residential
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Transportation
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Others
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