The report segments the electrochromic glass market on the basis of materials, products, applications, and geography.
The global electrochromic glass market is estimated to grow at a CAGR of 12.27% to reach $2.59 Billion by 2020. Electrochromic glass is a kind of glass which changes its light transmission property according to provided stimulus of voltage.
The applications, efficiency, and effectiveness the electrochromic glass industry have increased in the recent years. Concepts such as Internet of Things are used in this glass sector to make the ultimate product highly efficient, reliable and advanced.
On the basis of materials, the electrochromic glass market is segmented into transition metal oxides (TMO), polymers, reflective hydrides, nanocrystals, and violegens. Keeping with the new trends in this industry, companies such as Gentex (U.S.) are using materials such as violegens for windows along with rear view mirrors.
On the basis of products, the Electrochromic Devices Market is segmented into electrochromic windows, mirrors, displays, and others. In 2014, the North America was the largest region in terms of market revenue for the electrochromic glass market, while the APAC region is projected to grow at the highest CAGR of 14.40% between 2014 and 2020.
The key players in this industry include SAGE Electrochromics, Inc.(U.S.), ChromoGenics AB (Sweden), RavenBrick LLC (U.S.), Asahi Glass Company (Japan), Gentex Corporation (U.S.), EControl-Glas (Germany), Magna Glass & Window, Inc. (U.S.) , Guardian Industries (U.S.), PPG Industries (U.S.), and View, Inc. (U.S.).
This report describes the market trends, drivers, restraints, opportunities, and challenges for the electrochromic glass market, and forecasts the electrochromic glass market from 2014 to 2020 on the basis of the material, product, application, and geography. It covers geographies such as Americas, Europe, APAC, and RoW (Rest of the World).
The report is based on an extensive research study of the electrochromic glass market, and aims at identifying the major application verticals where this glass is expected to bring about revolution in the years to come, particularly in the architecture, transportation, electronics, and other segments. The detailed segmentation on the basis of commercial architectural applications included in the report covers educational buildings, corporates, hospitals & lab facilities, and the retail applications of this glass.
The automotive segment takes into account smart glass market products such as windows, doors, windshields, and rear view mirrors.
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