Electrochromic Glass Market, by Application (Windows, Mirrors, Displays, and Others), by End Use (Commercial, Residential, Transportation, and Others), and by Region - Global Trends, and Forecast till 2025
- Report code : CMI251121 |
- Industry :
Smart Technologies
- Published On : Dec 2017 |
- Pages : 250 Pages |
- Format :
Global Electrochromic Glass Market - Insights
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 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.
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 growth of the global electrochromic glass market over the forecast period.
Figure 1. Global Electrochromic Glass Market, Key Impact Forces
Source: Coherent Market Insights (2017)
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.
Emerging economies are anticipated to witness high growth owing to huge untapped potential in Asia Pacific countries owing to huge population base and growing investments in the architectural development in the region. However, high initial cost for manufacturing this glass and volume centered production costs are expected to be among the major factors hampering the electrochromic glass market growth.
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.
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. 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 in-depth analysis of electrochromic glass, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2025), considering 2016 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global electrochromic glass system market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, electrochromic glass market capital, key developments, and strategies and future plans
- Key companies covered as a part of this study include Asahi Glass Co., Ltd., Chromogenics AB, Econtrol-Glas GmbH & Co. KG, Guardian Industries, Corporation, Gentex Corporation, Magna Mirrors Holding GmbH, PPG Industries, Ravenbrick Llc, Sage Electrochromics, Inc., View, Inc., and Diamond Glass
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product up-gradation, market expansion, and marketing tactics
- The global electrochromic glass market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the 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 Geography:
- North America
- By Application:
- Windows
- Mirrors
- Displays
- Others
- By End Use:
- Commercial
- Residential
- Transportation
- Others
- By Country:
- U.S.
- Canada
- Europe
- By Application:
- Windows
- Mirrors
- Displays
- Others
- By End Use:
- Commercial
- Residential
- Transportation
- Others
- By Country:
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Application:
- Windows
- Mirrors
- Displays
- Others
- By End Use:
- Commercial
- Residential
- Transportation
- Others
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- By Application:
- Windows
- Mirrors
- Displays
- Others
- By End Use:
- Commercial
- Residential
- Transportation
- Others
- By Country:
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- By Application:
- Windows
- Mirrors
- Displays
- Others
- By End Use:
- Commercial
- Residential
- Transportation
- Others
- By Country:
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- By Application:
- Windows
- Mirrors
- Displays
- Others
- By End Use:
- Commercial
- Residential
- Transportation
- Others
- By Country:
- South Africa
- Central Africa
- North Africa
- Company Profiles
- Asahi Glass Co., Ltd.*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/ Updates
- Chromogenics AB
- Econtrol-Glas GmbH & Co. KG
- Guardian Industries, Corporation
- Gentex Corporation
- Magna Mirrors Holding GmbH
- PPG Industries
- Ravenbrick Llc
- Sage Electrochromics, Inc.
- View, Inc.
- Diamond Glass
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
- Research Objective and assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Application
- Market Snippet, By End Use
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launch/Approvals
- Value Chain Analysis
- Comparison of Smart Windows Materials and Technologies
- Porter’s Analysis
- PEST Analysis
- Global Electrochromic Glass Market, By Application, 2015–2025 (US$ Million)
- Introduction
- Market Share Analysis, 2015 and 2025 (%)
- Segment Trends
- Windows
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Mirrors
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Displays
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Global Electrochromic Glass Market, By End Use, 2015–2025 (US$ Million)
- Introduction
- Market Share Analysis, 2015 and 2025 (%)
- Segment Trends
- Commercial
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million & Units)
- Residential
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million & Units)
- Transportation
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million & Units)
- Others
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million & Units)
- Global Electrochromic Glass Market, By Regions, 2015–2025 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2015 and 2025 (%)
- North America
- Regional Trends
- Market Size and Forecast, By Application, 2015–2025 (US$ Million)
- Market Size and Forecast, By End Use, 2015–2025 (US$ Million)
- Market Share Analysis, By Country, 2015 and 2025 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Application, 2015–2025 (US$ Million)
- Market Size and Forecast, By End Use, 2015–2025 (US$ Million)
- Market Share Analysis, By Country, 2015 and 2025 (%)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Application, 2015–2025 (US$ Million)
- Market Size and Forecast, By End Use, 2015–2025 (US$ Million)
- Market Share Analysis, By Country, 2015 and 2025 (%)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Market Size and Forecast, By Application, 2015–2025 (US$ Million)
- Market Size and Forecast, By End Use, 2015–2025 (US$ Million)
- Market Share Analysis, By Country, 2015 and 2025 (%)
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- Regional Trends
- Market Size and Forecast, By Application, 2015–2025 (US$ Million)
- Market Size and Forecast, By End Use, 2015–2025 (US$ Million)
- Market Share Analysis, By Country, 2015 and 2025 (%)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Regional Trends
- Market Size and Forecast, By Application, 2015–2025 (US$ Million)
- Market Size and Forecast, By End Use, 2015–2025 (US$ Million)
- Market Share Analysis, By Country, 2015 and 2025 (%)
- South Africa
- Central Africa
- North Africa
- Competitive Landscape
- Company Profiles
- Asahi Glass Co., Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Chromogenics AB
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Econtrol-Glas GmbH & Co. KG
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Guardian Industries Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Gentex Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Magna Mirrors Holding GmbH
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- PPG Industries
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Ravenbrick Llc
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Sage Electrochromics, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- View, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Diamond Glass
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Asahi Glass Co., Ltd.
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 60 market data tables and 40 figures on "Mine Clearance System Market - Global forecast to 2025”.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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