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Global Electrochromic Glass Market to Grow at a CAGR of 8.4% During 2021-2026, Aided by the Growing Adoption of the Product in the Automotive Industry

Electrochromic Glass Market

Global Electrochromic Glass Market: By Application: Windows, Mirror, Display; By End Use: Construction, Automotive, Aerospace, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Electrochromic Glass Market Outlook

The global electrochromic glass market stood at a value of around USD 1.73 billion in 2022. The market is further expected to grow at a CAGR of 8.4% in the forecast period of 2023-2028 to attain USD 2.81 billion by 2028.

 

Global Electrochromic Glass Market

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Recovering Construction Sector to Bolster the Growth of the Electrochromic Glass Industry

With the recovery of the construction sector post the global coronavirus outbreak, the electrochromic glass industry is expected to witness a surge in demand due to its increasingly common use in windows, displays, and sunroofs, especially in developed regions. The electrochromic glass allows engineers and builders to create more comfortable indoor spaces by developing building facades that can eliminate glare, solar heat gain, and UV exposure. Moreover, being an energy-friendly alternative to automated window panes/shutters, the product is expected to witness increased adoption in commercial spaces, along with other smart glass options, thus, driving the market growth.

 

North America Accounts for a Significant Share in the Market

The growth of the electrochromic glass industry in North America is likely to be driven by the growing adoption of electrochromic glasses in residential and commercial sectors, owing to the rising demand for innovative smart glass products and the stringent regulations pertaining to energy conservation in the United States and Canada. In addition, the market in the region is expected to be aided by the technological advancements in the small, medium and large enterprises, aimed towards bolstering the comfort of employees working inside the closed doors. Furthermore, the presence of major electrochromic glass manufacturers in the region is likely to augment the market growth in the forecast period.

 

Global Electrochromic Glass Market By Application

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Electrochromic Glass: Market Segmentation

Electrochromic glass, also known as smart glass, is a type of glass that has the ability to alter its properties when exposed to heat, light or voltage. Electrochromic glass allows the occupant to control the amount of light and solar radiation that can enter a space through the glazing, removing the need for separate shading systems.

The significant applications of the product include:

  • Windows
  • Mirror
  • Display

The major end uses of the product are:

  • Construction
  • Automotive
  • Aerospace
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Electrochromic Glass Market By Region

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Growing Applications of the Product in Various Industries to Boost the Growth of the Electrochromic Glass Industry

The global electrochromic glass industry is driven by the growing applications of the product in various industries such as construction and automotive, among others. In the automotive industry, as smart technology features become a major criterion influencing the customers’ purchasing decision, the adoption of electrochromic glass panels as a cheaper, low-energy alternative to windows and automated sunroof panels is expected to increase. Meanwhile, in the construction sector, the demand for electrochromic glass is likely to gain traction in residential and commercial sectors, owing to the rapid development of hospitals, schools, colleges, houses, and offices, among other. Over the forecast period, the growing technological advancements and the increasing demand for energy-efficient solutions in major industry verticals are anticipated to enhance the growth of the industry.

 

Key Industry Players in the Global Electrochromic Glass Market

The report gives a detailed analysis of the following key players in the global electrochromic glass market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • AGC Inc.
  • Chromogenics AB
  • Kinestral Technologies, Inc.
  • Polytronix, Inc.
  • Smartglass International Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, End Use, Region
Breakup by Application Windows, Mirror, Display
Breakup by End Use Construction, Automotive, Aerospace, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered AGC Inc., ChromoGenics, Kinestral Technologies, Inc., Polytronix, Inc., Smartglass International Limited, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Electrochromic Glass Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Electrochromic Glass Historical Market (2018-2022) 
    8.3    Global Electrochromic Glass Market Forecast (2023-2028)
    8.4    Global Electrochromic Glass Market by Application
        8.4.1    Windows
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Mirror
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Display
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
    8.5    Global Electrochromic Glass Market by End Use
        8.5.1    Construction
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Automotive
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Aerospace
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Others
    8.6    Global Electrochromic Glass Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2022)
        9.3.2    Forecast Trend (2023-2028)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2022)
        9.4.2    Forecast Trend (2023-2028)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2022)
        9.5.2    Forecast Trend (2023-2028)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape
    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    AGC Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Chromogenics AB
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Kinestral Technologies, Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Polytronix, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Smartglass International Limited
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Key Figures and Tables

1.    Global Electrochromic Glass Market: Key Industry Highlights, 2018 and 2028
2.    Global Electrochromic Glass Historical Market: Breakup by Application (USD Billion), 2018-2022
3.    Global Electrochromic Glass Market Forecast: Breakup by Application (USD Billion), 2023-2028
4.    Global Electrochromic Glass Historical Market: Breakup by End Use (USD Billion), 2018-2022
5.    Global Electrochromic Glass Market Forecast: Breakup by End Use (USD Billion), 2023-2028
6.    Global Electrochromic Glass Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Electrochromic Glass Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Electrochromic Glass Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Electrochromic Glass Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Electrochromic Glass Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Electrochromic Glass Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Electrochromic Glass Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Electrochromic Glass Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Electrochromic Glass Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Electrochromic Glass Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Electrochromic Glass Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Electrochromic Glass Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Global Electrochromic Glass Market Structure

Key Questions Answered in the Report

What was the global electrochromic glass market size in 2022?

In 2022, the global electrochromic glass market attained a value of nearly USD 1.73 billion.

What is the growth rate of the global electrochromic glass market?

The market is estimated to grow at a CAGR of 8.4% between 2023 and 2028.

What is the forecast outlook of the global electrochromic glass market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 2.81 billion by 2028.

What are the major regional markets of electrochromic glass, according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the major market drivers?

The major drivers of the market include the growing product adoption in residential and commercial construction business operations, the increasing demand for cost-effective and low-energy alternatives to automated sunroof panels in vehicles, and the growing construction sector.

What are the key trends of the global electrochromic glass market?

The key trends guiding the market include technological advancements and innovations and the introduction of stringent government regulations aimed at energy conversion.

What are the major applications of the product?

Windows, mirror, and display are the major applications of the product.

What are the different end uses of the product?

Construction, automotive, and aerospace, among others, are the different end uses of electrochromic glass.

Who are the key players in the electrochromic glass market, according to the report?

The major players in the market are AGC Inc., Chromogenics AB, Kinestral Technologies, Inc., Polytronix, Inc., and Smartglass International Limited, among others. 

Analyst Review

The global electrochromic glass market attained a value of USD 1.73 billion in 2022, driven by the growing applications of electrochromic glass in various sectors, including automotive and aerospace. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 8.4%. The market is projected to reach USD 2.81 billion by 2028.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the market is divided into windows, mirror, and display. The significant end uses of the product include construction, automotive, and aerospace, among others. The major regional markets for electrochromic glass are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include AGC Inc., Chromogenics AB, Kinestral Technologies, Inc., Polytronix, Inc., and Smartglass International Limited, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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