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In 2018, researchers from the University of Delaware have developed a new type of electrochromic glass that would cost only a fraction of the manufactured by others. This can trigger eco-friendly construction and allow automotive to use it more.
Prominent players operating in the global electrochromic glass market are ChromoGenics AB (Sweden), SAGE Glass, Inc. (U.S.), Asahi Glass Company (Japan), Guardian Industries Corporation (U.S.), RavenBrick LLC (U.S.), Gentex Corporation (U.S.), Magna Glass & Window, Inc. (U.S.), PPG Industries (U.S.), PPG Industries (U.S.), View, Inc. (U.S.) and others.
Electrochromic Glass Market Overview
The recent report published by Market Research Future (MRFR) on the Electrochromic Glass Market reveals robust CAGR is on the cards for the market during the forecast period (2017-2023). It can also scale impressive market valuation by the end of 2023. The electrochromic glass is a type of smart glass or switchable glass that adheres to the electrochromic mechanism.
These glasses are garnering a lot of accolades owing to their unique ability to control light and heat transfer. The mechanism allows the glass to change color and opacity when charged. With wall switches, remote controls, light timers, sensors, and other devices, this transition can be triggered. MRFR’s report on the electrochromic glass market harps on the segmental analysis that carries both value-wise and volume-wise data of the market. At the same time, competitive analysis of electrochromic glass market behemoths is playing an integral role in enriching the report quality.
The market has huge potential in aerospace, automotive, and construction. In the construction sector, the demand for green buildings is sure to drive the market ahead. In the aerospace sector, luxury is driving the market significantly. To provide such extra comfort, airplane manufacturers are integrating these glasses as an integral part of their production method. Defense is also using such glasses for aviation.
Electrochromic Glass Market Segments
MRFR segments the global electrochromic glass market by material, application, and end-user industry for a better understanding of the market.
Material-wise, the electrochromic glass market can be segmented into transition metal oxide (TMO), nanocrystal, viologen, polymer, and reflective hydride.
Based on the application, the electrochromic glass market can be segmented into windows, mirrors, displays, doors, and others.
Based on the end-user, the electrochromic glass market includes building & construction, automotive, aerospace, marine, and others. The market has a significant number of takers in the automotive industry. But the building & construction sector is also gaining momentum.
Electrochromic Glass Market Regions
MRFR’s region-specific analysis of the Electrochromic Glass Market includes regions namely Europe, Latin America, North America, Asia Pacific (APAC), and the Middle East & Africa (MEA).
The market is benefitting the most from the presence of a huge market like North America. The regional market has a big player like the U.S. where the financial boom has ensured high investment capacity. This is triggering the intake of the glass in the construction and automotive sector. It is also percolating substantially into aviation, both commercial and military. The regional market is on an ever-growing curve.
Europe’s market is on the second spot and the credit goes to infrastructural features that the region shares with North America. In addition, the presence of global players in the region can ensure high growth for the market. These companies often indulge in a strategic partnership or joint ventures which provide the market with the much-needed push.
The APAC market is all set to grow with the fastest CAGR during the forecast period. China, Japan, and India are three major countries to ensure increased privacy and luxury are adopting this technology. The automotive sector in this region is booming more than ever and it is shouldering a huge part of the regional market growth. Aerospace and the construction sector is also providing much
Browse Report Summary @ https://www.marketresearchfuture.com/reports/electrochromic-glass-market-5530
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Electrochromic Glass Market
5 Industry Overview Of Global Electrochromic Glass Market
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