all report title image
  • Published On : Jun 2022
  • Code : CMI1121
  • Industry : Smart Technologies
  • Pages : 147
  • Formats :

Electrochromic glass, also known as electronically switchable glass, has various applications such as partitions, windows, skylights, mirrors, and displays. It enables user to control the light and heat passing through such glass, aiding in regulating temperature through remote operated switch. It works on the principle of electrochromism, which requires the utilization of materials that can change color or opacity on applying the potential difference across the surface. Moreover, these materials do not require electricity to maintain particular shade after the change has been achieved. Owing to these relative advantages over conventional glass, the global electrochromic glass market is expected to witness growth over the forecast period.

Recent Developments:

  • In May 2022, AGC a leading manufacturer of glass chemicals and high-tech materials, developed a light-control panoramic roof with Low-E coating. The panoramic roof can provide both an open cabin experience and a pleasant cabin temperature due to the use of Low-E glass*2 with strong solar control and heat-insulating capabilities.

Energy can be conserved by using windows, sun roofs, and displays made from this glass and this is expected to be among the prominent factors propelling growth of electrochromic glass market. In high opacity state, these materials are characterized to reflect around 98% of the incident light, reducing the requirement of high cost air conditioning systems. According to U.S. Department of Energy's National Renewable Energy Laboratory (NREL), windows made from this glass material can save around 8% of the total energy consumption of the buildings, as these utilize low amounts of electricity to change from transparent to dark. Furthermore, benefits such as offering privacy at the flick of switch (increasing opacity of the glass), protection of furniture and pictures from fading due to excessive light are anticipated to propel the growth of the global electrochromic glass market over the forecast period.

Restraint:

The growth of the market is expected to be adversely affected by some of the technical drawbacks such as delay in switching time and lack of 100% opaqueness property. Theoretically, these films can reflect 100% of the light and heat incident on it, though, these are featured to block only 98%, and the delay in switching times can take up to several minutes to change its state. However, no constant requirement of electricity to maintain a particular state, in addition to featured benefits will present substantial growth prospects for the market over the forecast period.

Global Electrochromic Glass Market - Impact of Coronavirus (Covid-19) Pandemic

The COVID-19 severely impacted the infrastructure and automotive industries. Due to the spread of the COVID-19 across the globe, lockdowns were imposed by many countries, and this impacted the movement of people and material. The infrastructure and automobile projects either faced delays or were postponed due to the unavailability of manpower and material as supply chain operations were disrupted during the pandemic. This had a direct impact on the global electrochromic glass market and hence exhibited slow growth during the pandemic.

Europe held a dominant position in the global electrochromic glass market in 2021

Statistics:

Europe held a dominant position in the global electrochromic glass market in 2021, followed by Asia Pacific.

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Electrochromic Glass Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 1,911.8 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR:  9.7 % 2030 Value Projection: US$ 4,350.1 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Application: Windows, Mirrors, Displays, and Others
  • By End-Use: Commercial, Residential, Transportation, Others 
Companies covered:

Asahi Glass Co. Ltd., Chromogenics AB, Guardian Industries Corporation, Gentex Corporation, Magna Mirrors Holding GmbH, PPG Industries, Ravenbrick LLC, Sage Electrochromics, Inc., View, Inc., Diamond Glass, Compagnie de Saint-Gobain S.A., Research Frontiers Inc., Kinestral Technologies Inc., Hitachi Chemical Co. Ltd, and Pleotint LLC

Growth Drivers:
  • Improved features such as privacy at a click, enhanced security, and others
  • Rise in investment in infrastructure project
Restraints & Challenges:
  • Technical drawbacks such as low switching rates

Figure 1: Global electrochromic glass market Share (%), By Region, 2021

Electrochromic Glass  | Coherent Market Insights

Europe held a dominant position in the global electrochromic glass market in 2021 and is expected to maintain its dominance during the forecast period. The European government is focusing on sustainable green buildings by increasing the use of electrochromic glass for windows and doors. The use of electrochromic glass saves the cost incurred for heating, lighting, and air conditioning of buildings. Sustainable green buildings are increasingly promoted in European countries such as France, Germany, Belgium, and others. Hence, the adoption of sustainable green buildings is driving the electrochromic glass market growth in the European region.

Asia Pacific is expected to emerge as the fastest-growing region for the electrochromic glass market as the automotive market in the countries such as India, China, and Japan is growing rapidly. The Electrochromic glass is used for side view and rear mirror, sunroofs, backlights, windshield, window tint and sidelights in the automotive industry. Hence electrochromic glass market is expected to gain traction in the forecast period in the Asia Pacific region.

Windows segment is expected to drive the global electrochromic glass market during the forecast period

Among applications, the windows segment was the dominant segment market, and is expected to retain its dominance over the forecast period. Increasing application of these glass as windows in commercial, residential, automotive, and aerospace segments, in order to control the light and heat transmitted inside, is among the prominent factors contributing to growth of the segment.

Figure 2: Global Electrochromic Glass Market Value (US$ Mn) Analysis and Forecast, 2017 - 2030

Electrochromic Glass  | Coherent Market Insights

The global electrochromic glass market was valued at US$ 1,911.8 Mn in 2021 and is expected to reach US$ 4,350.1 Mn by 2030, growing at a CAGR of 9.7% between 2022 and 2030.

Major players operating in the global electrochromic glass market include Asahi Glass Co. Ltd., Chromogenics AB, Guardian Industries Corporation, Gentex Corporation, Magna Mirrors Holding GmbH, PPG Industries, Ravenbrick LLC, Sage Electrochromics, Inc., View, Inc., Diamond Glass, Compagnie de Saint-Gobain S.A., Research Frontiers Inc., Kinestral Technologies Inc., Hitachi Chemical Co. Ltd, and Pleotint LLC

Electrochromic Glass Market Size, Trends and Forecast to 2030

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.

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. The 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.

Key features of the study:

  • This report provides an in-depth analysis of the global electrochromic glass market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players
  • It profiles leading players in the global electrochromic glass market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as a part of this study include Asahi Glass Co. Ltd., Chromogenics AB, Guardian Industries Corporation, Gentex Corporation, Magna Mirrors Holding GmbH, PPG Industries, Ravenbrick LLC, Sage Electrochromics, Inc., View, Inc., Diamond Glass, Compagnie de Saint-Gobain S.A., Research Frontiers Inc., Kinestral Technologies Inc., Hitachi Chemical Co. Ltd, and Pleotint LLC
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • The global electrochromic glass market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Electrochromic Glass Market

Detailed Segmentation

  • Global Electrochromic Glass Market, By Application:
    • Windows
    • Mirrors
    • Displays
    • Others
  • Global Electrochromic Glass Market, By End-Use:
    • Commercial
    • Residential
    • Transportation
    • Others
  • Global Electrochromic Glass Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Country:
        • Germany
        • Italy
        • U.K.
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East and Africa
      • By Country/Region:
        • GCC Countries
        • South Africa
        • Rest of Middle East and Africa
  • Company Profiles
    • Asahi Glass Co. Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • Chromogenics AB
    • Guardian Industries Corporation
    • Gentex Corporation
    • Magna Mirrors Holding GmbH
    • PPG Industries
    • Ravenbrick LLC
    • Sage Electrochromics, Inc.
    • View, Inc.
    • Diamond Glass
    • Compagnie de Saint-Gobain S.A.
    • Research Frontiers Inc.
    • Kinestral Technologies Inc.
    • Hitachi Chemical Co. Ltd.
    • Pleotint LLC

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global electrochromic glass market is expected to reach US$ 4,350.1 million by 2030.
The market is expected to witness a CAGR of 9.7% during the forecast period (2022-2030).
Growing awareness of sustainable green infrastructure is expected to boost the growth of the market.
The windows segment held the largest market share among application in 2021.
Europe held the largest share in the market in 2021, accounting for 32% share in terms of value.
Key players operating in the market include Asahi Glass Co. Ltd., Chromogenics AB,  Guardian Industries Corporation, Gentex Corporation, Magna Mirrors Holding GmbH, PPG Industries, Ravenbrick LLC, Sage Electrochromics, Inc., View, Inc., Diamond Glass, Compagnie de Saint-Gobain S.A., Research Frontiers Inc., Kinestral Technologies Inc., Hitachi Chemical Co. Ltd, and Pleotint LLC

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