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Global Electrochromic Glass Market: An Emerging Green Building Initiative Will Witness a  CAGR of 16.8% During 2018-2024: Energias Market Research Pvt. Ltd.

NEW YORK, March 21, 2018 (GLOBE NEWSWIRE) -- The global Electrochromic glass market is expected to increase from USD 2.1 billion in 2017, to USD 6.22 billion in 2024, at a significant CAGR of 16.8% during the forecast period. Factors driving the market growth are increasing demand for energy efficient solutions, controlling the amount of heat based on ambient temperature, emerging green building initiatives, rapid investments in setting up industrial-scale production capacities, escalating technology scalability potential, and swift carbon emission. Moreover, supportive government policies and growing concerns of the municipalities and government agencies toward environmental issues also augment the growth of the Electrochemical market, globally. A major trend that will hop in the Electrochromic market is an increase in use of photovoltaic-integrated Electrochromic devices in applications of smart glass. However, lack of technical experts and awareness among people may hamper the growth of the global Electrochromic glass market.

Browse full research report with TOC on “Global Electrochromic Glass Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024” at: https://www.energiasmarketresearch.com/global-electrochromic-glass-market-outlook/

To purchase report: sales@energiasmarketresearch.com

Electrochromic glass or electronically switchable glass is a kind of smart glass whose optical transmission properties are altered when voltage or heat is applied. When a voltage is applied, the Electrochromic glass responds to the applied voltage and transforms its state from transparent to translucent, blocking some or all wavelengths of light. While improving reliability, it saves cost, space, ruggedness, and sustains the life of electronics and active optics. Furthermore, Electrochromic technology can be employed in indoor applications such as, protecting objects under the glass of museums, displays or showcases and picture frames from the harmful effects of the visible and UV wavelengths of artificial light. Electrochromic smart glasses can also be used in educational, commercial, corporate and residential buildings, hospitals, hotels, labs, and retail outlets to create partitions in their windows, walls and skylights.

The global Electrochromic glass market is segmented on the basis of mode of operation (reflectance and transmittance), materials (inorganic and organic), products (Smart Dimming glass and Display), end-user (building & construction, electronics, healthcare, automotive, aerospace or aviation, marine, and others) application (windows, mirrors, doors, displays, sunglasses, and others), and region (North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa). On the basis of end-user, the transportation segment is anticipated to be a major segment. Based on material, the inorganic and organic sub-segments consist of nanocrystal (inorganic), transition metal oxides (inorganic), reflective hydride (organic), viologen (organic), and polymers (organic).

Key companies profiled in this market are Saint-Gobain S.A., SAGE Electrochromics, View Inc., Asahi Glass Co. Ltd., E. I. du Pont de Nemours and Company, Gentex Corporation, Ravenbrick Llc, and Smartglass International Limited.

Key Findings of the Global Electrochromic glass Market Report:

  • The global Electrochromic glass market is expected to grow at a CAGR of 16.8% during the forecast period
  • Based on the mode of operation:
          o   The reflectance segment is the largest segment of the global Electrochromic glass market in 2017
          o   The transmittance segment is expected to be the fastest growing market segment in the global Electrochromic glass market during the forecast period
  • Based on the material:
          o   The inorganic Electrochromic glass segment is the largest segment in the global Electrochromic glass market in 2017
  • Based on products:
          o   
    The smart dimming glass segment is expected to be the fastest growing market segment in the global Electrochromic glass market during the forecast period
  • Based on end-user:
          o   The aviation segment is the largest segment of the global Electrochromic glass market in 2017
  • Based on the application:
          o   
    The windows segment is the largest segment in the global Electrochromic glass market in 2017
     
  • Electrochromic glass component has wide applications in the manufacturing of windows, mirrors, doors, displays, sunglasses, and others
     
  • Asia-Pacific region is expected to be the fastest growing market in the global Electrochromic glass market owing to the expansion of end-user industries
     
  • North America is accounted to hold the major share of the global Electrochromic glass market, owing to huge investments in R&D

Global Electrochromic Glass Market–

Electrochromic glass finds its application in various verticals such as building & construction, electronics, healthcare, automotive, aerospace or aviation, marine, and others. The automotive sector is expected to hold the major Electrochromic glass market share, during the forecast period.

Global Electrochromic glass Market - Regional Insight

Geographically, the global Electrochromic glass market is segregated into North America, Asia-Pacific, Europe, Latin America, and Middle East & AfricaAsia-Pacific is expected to be the fastest growing market during the forecast period. The expansion of end-user industries in this region such as automotive and construction is expected to fuel the market growth. Additionally, North America holds the largest market share of the global Electrochromic glass market during the forecast period.

About Energias Market Research Pvt. Ltd. -

Energias Market Research Pvt. Ltd. publishes high quality reports, in-depth market research studies, to help clients obtain investment level clarity on current business scenarios, trends and segmentation for their future developments. We are committed to our client’s needs, by providing high quality custom reports solutions best fit for strategy development and implementation to high return of invest (RoI). We believe that exceptional problems need expertise to solve, and with the help of our industries expertise we are able to offer an in depth understanding of what’s crucial, what’s applicable, and what it takes to ensure accomplishment in any business or venture.

With a wide range of expertise from various industrial sectors and more than 50 industries that include energy, chemical and materials, information communication technology, semiconductor industries, healthcare and daily consumer goods, etc. We strive to provide our clients with a one-stop solution for all research and consulting needs.

Contact:

Alan Andrews
Business Development Manager
Phone - +1-716-239-4915
For any queries email us: info@energiasmarketresearch.com

To purchase report: sales@energiasmarketresearch.com

Visit: https://www.energiasmarketresearch.com/

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