The electrochromic glass market was valued at US$ 1.55 billion in 2016 and is projected to reach US$ 3.90 billion by 2025, exhibiting a CAGR of 10.92% over the forecast period, according to Electrochromic Glass Market, by Application (Windows, Mirrors, Displays, and Others), by End Use (Commercial, Residential, Transportation, and Others) published by Coherent Market Insights.
Electrochromic glass is a smart glass that works on the electrochromism principal and changes display shades based on the potential difference applied across the surface of these windows, partitions, automotive mirrors, and displays. Increasing application of this glass owing to its effective blocking of light as per user need without the need for any additional fittings. It also helps maintain in-house temperature and allows for provision of privacy with the flick of a switch, instead of noisy and troublesome motorized curtains are factors expected to aid in growth of films and glasses.
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