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The global electrochromic glass market reached a value of US$ 1.42 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.48 Billion by 2027, exhibiting a growth rate (CAGR) of 9.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Electrochromic glass, also referred to as smart glass or dynamic glass, is an electronically tinted glass variant primarily used for windows, curtain glass, skylights, facades, etc. It enables the occupant to monitor the amount of light and solar radiation that can enter a space through the glazing, thereby eliminating the need for separate shading systems. Electrochromic glass also offers numerous other benefits, including maximizing access to daylight and outdoor views, enhancing occupant comfort, lowering energy costs, providing a high aesthetic value, etc. As a result, it is widely utilized across diverse industries, such as construction, automotive, aerospace, marine, etc.
The continuous development of smart buildings coupled with the increasing demand for energy-efficient construction materials to reduce carbon emissions is primarily driving the global electrochromic glass market. Additionally, the growing consumer inclination towards high-quality interiors and aesthetically appealing designs is also catalyzing the product demand. Moreover, the government bodies across several countries are introducing favorable policies and lucrative incentives to promote green construction activities for maintaining the energy consumption. In line with this, the rising number of remodeling and refurbishment activities, which has led to the replacement of conventional glasses with electrochromic glass across retail facilities, office buildings, healthcare centers, etc., is further creating a positive outlook for the market. Additionally, the escalating demand for glare-free glass components, such as rear- and side-view mirrors, windshields, etc., in automobiles is also propelling the global market. Electrochromic glass in vehicles helps in reducing extra glaze, maintaining interior temperature, and improving passenger comfort. In the coming years, the increasing R&D activities that aim at the usage of thermochromic and photochromic smart glasses in heating and cooling systems of solar power generation plants are expected to drive the global electrochromic glass market over the forecasted period.
IMARC Group provides an analysis of the key trends in each sub-segment of the global electrochromic glass market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on application and end use industry.
Breakup by Application:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AGC Inc., ChromoGenics AB, Compagnie de Saint-Gobain S.A., Gentex Corporation, Guardian Industries (Koch Industries Inc.), Nippon Sheet Glass Co. Ltd., Pleotint LLC, Polytronix Inc., PPG Industries Inc., Research Frontiers, Smartglass International and View Inc.
|Base Year of the Analysis||2021|
|Segment Coverage||Application, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||AGC Inc., ChromoGenics AB, Compagnie de Saint-Gobain S.A., Gentex Corporation, Guardian Industries (Koch Industries Inc.), Nippon Sheet Glass Co. Ltd., Pleotint LLC, Polytronix Inc., PPG Industries Inc., Research Frontiers, Smartglass International and View Inc.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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