Zion Market Research, the market research group announced the analysis report titled ‘Electrochromic Glass Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Electrochromic Glass Market: Overview
Electrochromic glass is a type of glass that is technologically advanced as it can change its properties according to the needs of the environment. It is made up by sandwiching various layers between the two glass panes. The electrochromic glasses are available in tinted, colored, clear, and opaque form. The benefits of using electrochromic glasses are the consumption of the power is less and the colors can be integrated without using color filters. Depending on the size of the glass panels the switching speed of the electrochromic glass becomes slow.
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Global Electrochromic Glass Market: Segmentation
The electrochromic glass market is globally segmented into its technology and application. On the basis of technology, the global market is segregated into low E-glasses, passive glasses, and active glasses. The passive glasses segment is further sub-segmented into a thermochromic glass and photochromic glass. The active glasses segment is sub-segmented into suspended particle device glass, liquid crystal/polymer disperse liquid crystal glass, nanocrystal glass, electrochromic glass, and micro-blinds. Based on the end user, the market is categorized into architecture, transportation, power generation plant, consumer electronics, and others. The architecture segment is sub-categorized into residential and commercial. The transportation segment is sub-segmented into bus/rail, marine, automotive, and aerospace.
Global Electrochromic Glass Market: Growth Factors
The main sector that is utilizing the electrochromic glass on a wide scale is the transportation sector. Various sub-segments in the transportation segment such as bus, aircraft, marine craft, train, or any vehicle make use of the electrochromic glasses at an extensive level. Most of the premium cars use electrochromic glasses for the roofs and windows. In the coming years, the smartphone manufacturers are going to fully utilize the extraordinary characteristics of the electrochromic glasses in order to stand out in the global market. This advancement will be in the form of mobile camera shutters and electrochromic displays. The other sectors where the electrochromic glasses are utilized include construction and military. In the construction sector, it is used in residential and commercial windows. The factor that is affecting the growth of the market in a negative way is the volatile price of the product.
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Global Electrochromic Glass Market: Regional Analysis
Geographically, the electrochromic glass market is diversified into regions such as North America, Asia-Pacific, Europe, and Rest of the World. The region that dominates the electrochromic glass market is the North America. In North America, the country that contributes more to the market growth is the US. Asia Pacific electrochromic glass market is growing at a faster pace. The factor that attributes to the market growth in the Asia-Pacific region is the growth in the infrastructure sector. The increasing initiatives taken by the government to construct more green buildings is driving the electrochromic glass market.
Global Electrochromic Glass Market: Competitive Players
The major market players in the electrochromic glass market include SAGE Electrochromics, View, Inc., PPG Industries, Hitachi Chemicals Co., Ltd., Research Frontiers, Inc., AGC, Ltd., and Gentex Corp.
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Global Electrochromic Glass Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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