Electrochromic Glass Industry Trends
Increasing Use in Automotive Applications: The integration of electrochromic glass in automotive sunroofs and windows boosts market growth.
The increasing focus on energy-efficient buildings and vehicles has driven the adoption of electrochromic glass. It helps reduce the need for artificial lighting— David Correa
WILMINGTON, DELAWARE, UNITED STATES, May 23, 2024 /
EINPresswire.com/ -- Allied Market Research recently released a report titled “
Electrochromic Glass Market by Application (Windows, Mirror, Display) and End-use Industry (Construction, Automotive, Aerospace, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.” The report reveals that the global electrochromic glass market, valued at $1.7 billion in 2022, is projected to reach $4.1 billion by 2032, growing at a CAGR of 9.2% from 2023 to 2032.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
https://www.alliedmarketresearch.com/request-sample/1023
𝐊𝐞𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬
The growth of the global electrochromic glass market is driven by several factors, including:
- Advancement in Smart Buildings and IoT: Electrochromic glass technology supports dynamic control of light and heat, enhancing energy efficiency and occupant comfort.
- Increasing Use in Automotive Applications: The integration of electrochromic glass in automotive sunroofs and windows boosts market growth.
𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬
- High Cost: The elevated cost of electrochromic glass poses a challenge to market expansion.
- Green Building Certifications: The rising demand for environmentally sustainable building practices presents significant growth opportunities.
𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬
- Forecast Period: 2023–2032
- Base Year: 2022
- Market Size: Valued at $1.7 billion in 2022, projected to reach $4.1 billion by 2032.
- CAGR: 9.2%
- Report Length: 219 pages
- Segments: Application, End-Use Industry, and Region
𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
Windows Segment: Dominated the market in 2022, accounting for over half of the market revenue, driven by adoption in residential construction.
Mirror Segment: Expected to exhibit the highest CAGR of 9.6% from 2023 to 2032, with applications ranging from traditional bathroom mirrors to vehicle rearview mirrors.
𝐁𝐲 𝐄𝐧𝐝-𝐔𝐬𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲
Construction: Led the market in 2022 with around one third of the market share, driven by integration in smart building systems for daylight harvesting.
Aerospace: Projected to have the highest CAGR of 9.7% from 2023 to 2032, with usage in sunroofs and skylights in various aircraft.
𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
Asia-Pacific: Held the highest market share and demonstrated the fastest growth in 2022, benefiting from the adoption of energy-saving technologies in countries like Japan and South Korea.
Europe: Accounted for one third of the market share in 2022, leveraging electrochromic glass for preserving historical buildings and artworks in countries like Italy and France.
𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
- AGC INC.
- CHROMOGENICS
- SAINT-GOBAIN
- PLEOTINT LLC
- POLYTRONIX, INC.
- GUARDIAN INDUSTRIES
- VIEW, INC.
- RAVENWINDOW
- SAGEGLASS
- GENTEX CORPORATION
The report provides an in-depth analysis of these key players, highlighting their business performance, product portfolios, and strategic initiatives, offering valuable insights into the competitive landscape of the global electrochromic glass market.
𝐖𝐚𝐧𝐭 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐚𝐥 𝐃𝐚𝐭𝐚 𝐚𝐧𝐝 𝐆𝐫𝐚𝐩𝐡𝐬, 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬' 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬:
https://www.alliedmarketresearch.com/electrochromic-glass-market/purchase-options
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
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