Electrochromic Glass Market to Grow at 12.31% CAGR During the Period 2017-2021

Marketsizeforecasters.com adds new global electrochromic glass market report that lists top companies as ASAHI GLASS, Gentex, PPG Industries, Saint-Gobain and View. Other Prominent Vendors in the market are: Corning, Diamond Glass, DuPont, EControl-Glas, Guardian Industries, Magna International. Commenting on the report, an analyst team said: ?One trend in the market is introduction of transition-metal hydride electrochromic. An innovative advancement in the global electrochromic glass market is the introduction of electrochromic hydride material that demonstrates unusual properties. For instance, thin Ni-Mg (nickel-manganese) films have a reduced visible transmittance as they demonstrate mirror-like properties.? According to the report, one driver in the market is robust demand for energy efficient systems. The advancement in nanotechnology, environmental concerns (global warming), and rising pressure on the energy efficiency of buildings has necessitated the application of energy-efficient systems translating into the use of electrochromic glass in different applications, particularly in the construction of buildings. For instance, the buildings in the US account for at least 20%-30% of energy wastage due to inefficiency, with at least 35% of the cooling requirements of a typical building are because of heat gain (solar) through windows. This has fueled the demand for electrochromic glasses, particularly in the Americas. Further, the report states that one challenge in the market is increasing demand for SPD technology. The global electrochromic glass market faces competition from substitutes such as retro reflective panels and other types of smart glass technology such as SPD. The SPD has impeded the growth of the global electrochromic glass market by staying one step ahead of the benefits that electrochromic glass offers, by offering a range of light-control benefits. When compared with other switchable materials including the electrochromic materials, SPD smart glass offers unparalleled precision and rapid tuning of a window or pane to a required level of transparency within 3 seconds, irrespective of the size of the window. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Technavio Analyst

Analysts from Technavio regularly contribute to the news section on MarketSizeForecasters.com. Technavio is a leading market research company with global coverage. Their research and analysis focus on emerging market trends to help businesses identify market opportunities and develop effective strat...

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