The electrochromic glass market is expected to grow at a compound annual growth rate of 12.97% over the forecast period to reach a market size of US$3,349.290 million in 2026 from US$1,426.500 million in 2019.
Electrochromic glass, also known as smart glass or electronically switchable glass, is an innovative and modern building glass that can be used to create partitions, windows, or skylights. What makes electrochromic glass so unique is that allows users to control the amount of heat or light that passes through the glass at the flick of a switch, giving them the ability to regulate temperatures or create privacy at the flick of a switch. Electrochromic glass utilizes the principle of electrochromism, which allows certain materials to change color or even opacity when a burst of charge is applied. While a small burst of electricity is required for changing the opacity of the glass, no electricity is needed for maintaining a particular shade once the change has been affected. Electrochromic glass is a smart solution for buildings in which solar control is a challenge, including classroom settings, healthcare facilities, commercial offices, retail spaces, museums, and cultural institutions. Interior spaces featuring an atrium or skylights also benefit from the use of smart glass. They provide solar control, protecting occupants from heat and glare. Electrochromic glass maintains access to daylight and outdoor views, which are linked to faster rates of learning and patient recovery, improved emotional wellness, increased productivity, and reduced employee absenteeism. Electrochromic glass offers a variety of control options. With the development of advanced proprietary algorithms, users can operate automatic control settings to manage light, glare, energy use, and color rendering. The controls can also be integrated into an existing building automation system. For users who desire more control, electrochromic glass can be manually overridden using a wall panel, allowing the user to alter the tint of the glass and also change the tint level via the provider’s mobile app. In addition, electrochromic glass helps to build owners achieve their sustainability goals through energy conservation. By maximizing solar energy and minimizing heat and glare, these glasses allow building owners to achieve cost savings over the building’s life cycle by reducing overall energy loads and peak energy demand. However, not only building owners and occupants benefit - architects are also given the freedom to design without the need for blinds and other shading devices that clutter the exterior of the building, thus exhibiting a huge scope for electrochromic glass market growth. However, the high cost of electrochromic products, lack of awareness among end-users such as builders and architects, and slower responsiveness of large glass surfaces as compared to smaller-sized glass are the key factors limiting the growth of this electrochromic glass market.
Growth Factors
The increasing use of electrochromic glass in the construction sector is expected to boost its market growth during the forecast period. The property of dynamic light transmission adjustment of electrochromic smart glass offers users the ease of controlling the sunlight passing through the glass (and thereby heat), using a simple switch. Thus, electrochromic glass is becoming an increasingly popular choice for windows, doors, skylights, and partitions in commercial as well as residential buildings. Commercial office buildings and corporate headquarters are the leading adopters of smart glass technology as they can achieve a notable amount of cost-saving in energy consumption while intensifying workplace productivity. Low-emissivity glasses, self-cleaning glasses, and solar control glasses are poised to emerge as prominent offerings for the construction sector in the near future. Moreover, the rising number of infrastructure projects and numerous restoration and renovation activities in commercial and residential buildings are the key factors contributing to the growth of the architectural segment. The popularity of these smart glasses is quite evident considering CertainTeed Corporations’ headquarters in Malvern, U.K., and Microsoft’s corporate office in Lisbon, Portugal are some of the commercial buildings where smart glass windows and partitions have been installed.
Impact of COVID - 19
The COVID-19 pandemic had an unprecedented impact on several industries. The automotive glass market is adversely impacted due to the temporary closure of assembly plants across the globe. In the second quarter of 2020, automotive sales were down by almost 45% worldwide, especially in Europe, impacting the overall smart glass demand. Moreover, trade restrictions across national and international boundaries and other trade limitations have affected the glass industry's global supply chain, resulting in lower sales activity. The demand for building glass also witnessed a massive drop due to the slowdown of the construction industry.
Key Developments
April 2020 - Israeli startup Gauzy, the developer of liquid crystal glass panels for use in a variety of industries, has raised a Series C round of funds from investors Hyundai Motor Company, Singapore-based fund BlueRed Partners, and Avery Dennison, a US maker of labeling and packaging materials.
November 2019 - Kinestral Technologies, Inc. and Halio International, S.A., announce a 160-bed residential care center in Belgium that installed Halio smart-tinting glass. Developed and manufactured by Kinestral, Halio was used for 132 skylights to create a “glass roof” that would deliver maximum daylight without sacrificing the comfort of residents and staff.
January 2019 - ChromoGenics AB is launching the world’s most transparent electrochromic glass. The ConverLight75 glass is said to have a light transmission over 75% in the light stage and used in an insulated glass unit it blocks more than 80% of the heat from the sunlight. The unique color neutrality gives ConverLight75 an increased aesthetic impression requested by architects and minimal distortion of the colors in the room.
Competitive Insights
Prominent/major key market players in the electrochromic glass market include Asahi Glass, Saint-Gobain, Polytron Technologies, and View Inc. among others. The players in the electrochromic glass market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the electrochromic glass market.
Segmentation:
By Materials
By Product
By End-user industry
By Geography
Electrochromic glass, also known as smart glass or electronically switchable glass, is an innovative and modern building glass that can be used to create partitions, windows, or skylights. What makes electrochromic glass so unique is that allows users to control the amount of heat or light that passes through the glass at the flick of a switch, giving them the ability to regulate temperatures or create privacy at the flick of a switch. Electrochromic glass utilizes the principle of electrochromism, which allows certain materials to change color or even opacity when a burst of charge is applied. While a small burst of electricity is required for changing the opacity of the glass, no electricity is needed for maintaining a particular shade once the change has been affected. Electrochromic glass is a smart solution for buildings in which solar control is a challenge, including classroom settings, healthcare facilities, commercial offices, retail spaces, museums, and cultural institutions. Interior spaces featuring an atrium or skylights also benefit from the use of smart glass. They provide solar control, protecting occupants from heat and glare. Electrochromic glass maintains access to daylight and outdoor views, which are linked to faster rates of learning and patient recovery, improved emotional wellness, increased productivity, and reduced employee absenteeism. Electrochromic glass offers a variety of control options. With the development of advanced proprietary algorithms, users can operate automatic control settings to manage light, glare, energy use, and color rendering. The controls can also be integrated into an existing building automation system. For users who desire more control, electrochromic glass can be manually overridden using a wall panel, allowing the user to alter the tint of the glass and also change the tint level via the provider’s mobile app. In addition, electrochromic glass helps to build owners achieve their sustainability goals through energy conservation. By maximizing solar energy and minimizing heat and glare, these glasses allow building owners to achieve cost savings over the building’s life cycle by reducing overall energy loads and peak energy demand. However, not only building owners and occupants benefit - architects are also given the freedom to design without the need for blinds and other shading devices that clutter the exterior of the building, thus exhibiting a huge scope for electrochromic glass market growth. However, the high cost of electrochromic products, lack of awareness among end-users such as builders and architects, and slower responsiveness of large glass surfaces as compared to smaller-sized glass are the key factors limiting the growth of this electrochromic glass market.
Growth Factors
- Growing use of electrochromic glass in the construction sector
The increasing use of electrochromic glass in the construction sector is expected to boost its market growth during the forecast period. The property of dynamic light transmission adjustment of electrochromic smart glass offers users the ease of controlling the sunlight passing through the glass (and thereby heat), using a simple switch. Thus, electrochromic glass is becoming an increasingly popular choice for windows, doors, skylights, and partitions in commercial as well as residential buildings. Commercial office buildings and corporate headquarters are the leading adopters of smart glass technology as they can achieve a notable amount of cost-saving in energy consumption while intensifying workplace productivity. Low-emissivity glasses, self-cleaning glasses, and solar control glasses are poised to emerge as prominent offerings for the construction sector in the near future. Moreover, the rising number of infrastructure projects and numerous restoration and renovation activities in commercial and residential buildings are the key factors contributing to the growth of the architectural segment. The popularity of these smart glasses is quite evident considering CertainTeed Corporations’ headquarters in Malvern, U.K., and Microsoft’s corporate office in Lisbon, Portugal are some of the commercial buildings where smart glass windows and partitions have been installed.
Impact of COVID - 19
The COVID-19 pandemic had an unprecedented impact on several industries. The automotive glass market is adversely impacted due to the temporary closure of assembly plants across the globe. In the second quarter of 2020, automotive sales were down by almost 45% worldwide, especially in Europe, impacting the overall smart glass demand. Moreover, trade restrictions across national and international boundaries and other trade limitations have affected the glass industry's global supply chain, resulting in lower sales activity. The demand for building glass also witnessed a massive drop due to the slowdown of the construction industry.
Key Developments
April 2020 - Israeli startup Gauzy, the developer of liquid crystal glass panels for use in a variety of industries, has raised a Series C round of funds from investors Hyundai Motor Company, Singapore-based fund BlueRed Partners, and Avery Dennison, a US maker of labeling and packaging materials.
November 2019 - Kinestral Technologies, Inc. and Halio International, S.A., announce a 160-bed residential care center in Belgium that installed Halio smart-tinting glass. Developed and manufactured by Kinestral, Halio was used for 132 skylights to create a “glass roof” that would deliver maximum daylight without sacrificing the comfort of residents and staff.
January 2019 - ChromoGenics AB is launching the world’s most transparent electrochromic glass. The ConverLight75 glass is said to have a light transmission over 75% in the light stage and used in an insulated glass unit it blocks more than 80% of the heat from the sunlight. The unique color neutrality gives ConverLight75 an increased aesthetic impression requested by architects and minimal distortion of the colors in the room.
Competitive Insights
Prominent/major key market players in the electrochromic glass market include Asahi Glass, Saint-Gobain, Polytron Technologies, and View Inc. among others. The players in the electrochromic glass market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the electrochromic glass market.
Segmentation:
By Materials
- Nanocrystal
- Polymer
- Viologen
- Reflective Hydride
- Transition Metal Oxide (TMO)
By Product
- Windows
- Mirrors
- Displays
- Others
By End-user industry
- Residential
- Commercial
- Automotive
- Marine
- Aerospace
- Healthcare
- Others
By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- France
- Germany
- Italy
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Thailand
- Indonesia
- Taiwan
- Others
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Electrochromic Glass Market Analysis, By Materials
6. Electrochromic Glass Market Analysis, By Product
7. Electrochromic Glass Market Analysis, By End-User Industry
8. Electrochromic Glass Market Analysis, By Geography
9. Competitive Environment and Analysis
10. Company Profiles
Companies Mentioned
- Chromogenics AB
- Gentex Corporation
- Asahi Glass
- Saint-Gobain
- Polytron Technologies
- View Inc.
- Schott AG
- Heliotrope Technologies, Inc.
- US e-Chromics Technologies, Inc.
- Halio Glass
Methodology
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