Global Electrochromic Glass and Devices Market: Drivers and Restraints 2015-2025; Future Market Insights

Date: 19 October 2015

Ever thought of glasses whose visibility can be tailored as per your needs, electrochromic glass is one such alternative. Electrochromic materials are the ones capable of changing their optical properties reversibly and persistently, by the application of an electrical voltage.

This effect is deployed in cooling or warming a room and to save energy by cutting down on air conditioning or heating. This technology have been known for years.

Electrochromic devices (ECD) are systems of considerable commercial interest due to their controllable transmission, absorption and/or reflectance. ECD is five-layer structure typically composed of glass substrate, transparent conductor, electrochromic coating, ion conductor and ion storage coating. These devices are gaining prominence due to their possible application in architecture for energy-efficient modern buildings; where it is possible to control the flow of light and heat passing through the building glazing. ECDs can also be applied as glazing of vehicles, aircrafts, trains and also as rearview mirrors already used in vehicles, as well as temperature control of frozen food. Primarily these devices are used to glare attenuation in automobile rearview mirrors and also in smart windows which regulate the solar gains of buildings. Other possible applications of ECDs include solar cells, small- and large-area flat panel displays, frozen food monitoring and document authentication also are of great interest.

Electrochromic Glass & Devices Market: Drivers & Restraints

Rising concern for efficient energy systems, increasing per capita income and rising levels of global warming are some of the key factors driving the growth of the electrochromic glass & devices market.

Complexity of the problem in attaining satisfactory practical functionality, Investment cost and Performance of these devices are few probable factors restraining the growth of the electrochromic glass & devices market.

Electrochromic Glass & Devices Market: Segmentation

The global electrochromic glass & devices market is broadly classified on the basis of mode of operation, applications, material and geographies.

Based on mode of operation, the global electrochromic glass & devices market is segmented into:

Reflectance

Transmittance

Based on application, the global electrochromic glass & devices market is segmented into:

Automotive

Architectural

Aircraft

Based on material, the global electrochromic glass & devices market is segmented into:

Metal oxide film

Conducting polymer

Molecular dye

Electrochromic Glass & Devices Market: Overview

With the advancement in nanotechnology, rising levels of global warming and increasing pressure on building energy efficiency, the acceptance of electrochromic glass & devices is gaining popularity. The global electrochromic glass & Devices market is expected to expand at a promising CAGR during the forecast period (2015-2025).

Electrochromic Glass & Devices Market: Region-wise Outlook

The global electrochromic glass & devices market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, global electrochromic glass & devices market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2015, Europe dominated the global electrochromic glass & devices market in terms of market revenue followed by Middle East & Africa. Asia Pacific & Japan are projected to expand at a substantial growth and will contribute to the global electrochromic glass & devices market value exhibiting a robust CAGR during the forecast period, 2015-2025.

Electrochromic Glass & Devices Market: Key Players

Some of the key market participants in global electrochromic glass & devices market are Saint-Gobain, View Inc., Gesimat GmbH, Gentex Corporation.