Electrochromic Window Market Analysis
Market Research Future (MRFR) estimates the global electrochromic
window market size to reach USD 4.96 billion, registering a CAGR of 14.2%
from 2020–2027 (forecast period).
Electrochromic Window Market Growth
The electrochromic thin film stack is typically one micron
thick and is deposited on a glass substrate. The stack is made up of three
electrochromic layers sandwiched between two transparent electrical conductors
and ceramic metal oxide coatings. A diffused electrical field is created when a
voltage is supplied between the transparent electrical conductors. This field
reversibly moves various colored ions (most typically lithium or hydrogen) from
the ion storage film to the ion conductor (electrolyte) and into the
electrochromic film. The effect is that the glazing alternates between a clear
and transparent blue-gray tinted state with no loss of vision, giving it the
appearance of photochromic sunglasses.
By lowering noise and temperature in the surrounding
environment, electrochromic technology can improve the functionality of glass.
Among all the areas and industries served by electrochromic window
manufacturers, the primary goal achieved by EC windows is to give end users
with a cost-effective and environmentally friendly glass installation solution.
Electrochromic windows are quickly becoming popular in major economies, with
the United States leading the way with the most installations. Due to the quickly
emerging AI technology in conjunction with smart glass, these windows are also
in high demand in the media and technology industries.
The demand for electrochromic technology smart glass has
increased significantly. Growing demand for electrochromic windows in
commercial buildings and the usage of smart electrochromic glass in residential
structures are two main reasons driving the global market's growth.
Electrochromic windows have become the leading facade material for solar energy
solutions as technology has advanced. Electrochromic technology can be employed
in the solar energy industry as a thinner cover glass for photovoltaic panels,
which are vital for solar concentrators. Electrochromic windows provide
unequaled control of solar glare and aid in reducing thermal transmittance
through a glass façade, resulting in lower heating, ventilation, and air
conditioning (HVAC) expenditures. It can be automatically adjusted to varying
levels of darkness, giving you complete control over solar glare.
Electrochromic windows are projected to promote inventive building design while
providing exceptional environmental benefits and protection to building
inhabitants.
Market Segmentation
The global electrochromic window market has been segmented
based on product and application.
On the basis of product, the global electrochromic window
market has been segmented into polymer laminate EC and all solid-state EC.
On the basis of application, the global electrochromic window
market has been segmented into residential and commercial.
Regional Analysis
North America to Dominate the Global Market
The growing adoption of electrochromic glasses in
residential and commercial sectors, as a result of rising demand for innovative
smart glass products and stringent energy conservation regulations in the
United States and Canada, is likely to drive the growth of the electrochromic
window industry in North America. Furthermore, the region's market is likely to
be assisted by technological improvements in small, medium, and big firms
targeted at improving the comfort of employees working behind closed doors. Furthermore,
the presence of large electrochromic glass producers in the region is expected
to boost market growth throughout the forecast period.
Key Players
MRFR recognizes the key players in the global electrochromic
Window Market. These include Click Materials, AGC Inc, Corning Inc,
Saint-Gobain, Vitro Architectural Glass, View Inc, RayenBrick, Polytronix,
Gentex Corporation, Diamond Glass, Scienstry, Pleotint, and Kinestral
Technologies. These players are focused on innovation and, as a result, spend
in R&D to deliver a cost-effective product portfolio. Recent mergers and
acquisitions among significant companies have occurred, a tactic used by business
entities to strengthen their reach to customers.
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