Electrochromic Glass Market worth $2.59 Billion by 2020

According to a new market research report " by Material (Polymers, Nanocrystals, Viologens), Device (Windows, Mirror, Display, Application (Commercial, Residential, Transportation, Retail, Hospitality), and Geography - Global Forecast to 2020", the total electrochromic glass market was valued at $1.17 Billion in 2013 and is expected to reach $2.59 Billion by 2020, at an estimated CAGR of 12.27% between 2014 and 2020.

Browse 78 market data tables and 66 figures spread through 159 pages and in-depth TOC on "Electrochromic Glass Market - Global Forecast to 2020"

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"Electrochromic Glass" is a kind of glass which changes its light transmission properties when provided with stimulus of voltage. When used in windows, electrochromic glass can control the amount of light passing through them. When activated, the electrochromic glass responds to voltage and changes from transparent to translucent state, blocking some or all wavelengths of light.

Electrochromic glass was introduced in 1986. It has evolved enormously and witnessed commercialization after 2000. Traditionally, the applications of electrochromic glass were limited to a few experimental projects, but today the potential applications of electrochromic glass have reached various sectors including architecture, transportation, electronics, and others.

The architecture segment is recognized as a major market for electrochromic glass. Due to its ability to allow or block the light and heat, electrochromic glass is increasingly used in commercial and residential buildings in the form of windows, doors, sky lights, partitions, and so on.

The transportation sector (automotive, bus/rail, aerospace, marine) is another significant market which holds potential for growth in terms of the demand for electrochromic glass and films.

The major applications that have been extensively covered in the report include commercial, residential, and transportation among others. The detailed segmentation by commercial architectural applications included in the report covers the educational, corporate, healthcare, and retail applications of eletrochromic smart glass.

The report profiles the major players along with their SWOT analysis in the electrochromic glass and devices market. The market has been witnessing a series of new product launches and partnerships across the value chain.

The key players in this industry include SAGE Electrochromics, Inc. (U.S.), ChromoGenics AB (Sweden), RavenBrick LLC (U.S.), Asahi Glass Company (Japan), Gentex Corporation (U.S.), EControl-Glas (Germany), Magna Glass & Window, Inc. (U.S.), Guardian Industries (U.S.), PPG Industries (U.S.), and View, Inc. (U.S.).

The report segments the electrochromic glass market on the basis of materials, products, applications, and geography. It provides a thorough analysis of the present market scenario and its projection up to 2020. The report also captures the market roadmap with market size estimates, market size forecasts, value chain, competitive landscape, profiles of leading electrochromic glass market players, and their key developments and strategies.

The geographical segmentation section studies the smart glass market in the geographical regions of North America, Europe, APAC, RoW, and Latin America.

On the basis of products, the Electrochromic Devices Market is segmented into electrochromic windows, mirrors, displays, and others. In 2014, the North America was the largest region in terms of market revenue for the electrochromic glass market, while the APAC region is projected to grow at the highest CAGR of 14.40% between 2014 and 2020.

On the basis of materials, the electrochromic glass market is segmented into transition metal oxides (TMO), polymers, reflective hydrides, nanocrystals, and viologens. Keeping with the new trends in this industry, companies such as Gentex (U.S.) are using materials such as viologens for windows along with rear view mirrors.

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