Electrochromic Glass Market Size, Share, Opportunities, And Trends By Materials (Nanocrystal, Polymer, Viologen, Reflective Hydride, Transition Metal Oxide), By Products (Windows, Mirrors, Displays, Others), By End Users (Residential, Commercial, Automotive, Marine, Aerospace, Healthcare, Others), And By Geography - Forecasts From 2025 To 2030

The electrochromic glass market is projected to grow at a CAGR of 10.37% during the forecast period.

Electrochromic glass is a form of smart glass that changes transparency when a voltage is applied to it. Depending on how much voltage is given to the glass, it becomes opaque or translucent. This electrochromic glass is utilized in non-residential buildings all over the world, including workplaces, hospitals, and hotels. It is extremely energy efficient and does not let extra heat enter a room, keeping the space cooler in the summer and lowering air conditioning costs. This is accomplished by reflecting light back onto the glass, keeping the room colder. The industry is being boosted by an increase in the usage of electrochromic glass, as well as features such as privacy at a touch of a button and better security. Electrochromic glass has also made its way into the automobile industry, where it may be seen in car windows and windscreens. In the automobile industry, electrochromic technology has long been utilized in rearview mirrors. It now has uses in switchable windows, sunroofs, and other areas thanks to recent developments. Though electrochromic smart window technology is not widely utilized in architecture or construction applications, it is projected to change the architecture industry in the future years, with electrochromic smart windows accounting for a significant portion of the market during the forecast period. Early users of electrochromic technology are likely to be commercial buildings (business and government).

The growing adoption of electrochromic glasses in the residential and commercial sectors, owing to rising demand for innovative smart glass products and stringent energy conservation regulations in the United States and Canada, is likely to drive the electrochromic glass industry's growth in North America. Furthermore, technological improvements in small, medium and big businesses are likely to help the industry in the area, with the goal of improving the comfort of personnel working behind closed doors. The presence of large electrochromic glass producers in the area is also expected to boost market expansion in the coming years.

Growth Factors

• Growing applications in various end-user industries.

One of the major reasons for the growth of the electrochromic glass industry is the growing demand for electrochromic glass across various industry sectors. Electrochromic glass is great for heat and glare management in automobiles, aircraft, and other transportation applications. Electrochromic glass is utilized in applications like as rearview mirrors, windows, sunroofs, and windshields in the automobile industry. Smart glass shields the automobile from harmful ultraviolet (UV) rays, reduce glare, aids in temperature control, and saves energy on temperature maintenance. This accounts for the increasing demand for electrochromic glass in the automotive industry.

Restraints

High cost associated with electrochromic glass

A major restraint in the growth of the electrochromic glass market is the high cost associated with electrochromic glass. In terms of technology and applications, electrochromic glass has seen numerous changes and improvements. Because of considerable technical developments, the cost of electrochromic glass is 2 to 4 times more than that of traditional windows and glass. The exorbitant price of these spectacles prevents widespread use. Manufacturers find it difficult to measure the return on investment for end consumers, thus its main use is in the high-end and luxury sectors limiting the market growth during the forecast period.

Impact of COVID–19 on the Electrochromic Glass Market

The COVID-19 pandemic has had a great impact on the world as a whole and has led to economic breakdown and loss of life. Production activities are interrupted because of lockdown measures enforced in numerous countries. In addition, there have been supply chain disruptions and delays in the operations of enterprises. Trade barriers have restrained the stock. The COVID-19 impact on the electrochromic glass market has been negative owing to the production halt by industries due to the temporary lockdown implemented by several governments to break the cycle of the virus. The disruption in the demand and supply chain has further hampered the market in the forecast period. As a result, industrial output was reduced, resulting in economic losses. End consumers of electrochromic glass goods will be impacted by such variables, which will result in a supply scarcity or an increase in price, stifling regional electrochromic glass market growth.  The unfavourable conditions risen due to the COVID-19 virus have had a negative impact on the electrochromic glass market. However, in the post-COVID scenario, the electrochromic glass market is expected to bloom with the surging demand in various industry sectors in the forecast period.

Competitive Insights

The market leaders in the electrochromic glass market are Chromogenics AB, Gentex Corporation, Saint-Gobain, Halio, Inc., View, Inc, Heliotrope Technologies, Inc., AGC Inc., EControl-Glas GmbH & Co. KG, Polytronix Inc., and Research Frontiers Inc.

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
    • Canadá
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • Indonesia
    • Taiwan
    • Thailand
    • Others

1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Electrochromic Glass Market Analysis, By Materials
5.1. Nanocrystal
5.2. Polymer
5.3. Viologen
5.4. Reflective Hydride
5.5. Transition Metal Oxide (TMO)

6. Electrochromic Glass Market Analysis, By Product 
6.1. Windows
6.2. Mirrors
6.3. Displays
6.4. Others

7. Electrochromic Glass Market Analysis, By End-User Industry
7.1. Residential
7.2. Commercial
7.3. Automotive
7.4. Marine
7.5. Aerospace
7.6. Healthcare
7.7. Others

8. Electrochromic Glass Market Analysis, By Geography  
8.1. North America  
8.1.1. United States
8.1.2. Canada
8.1.3. Mexico
8.2. South America  
8.2.1.  Brazil
8.2.2.  Argentina
8.2.3.  Others
8.3. Europe  
8.3.1.  United Kingdom 
8.3.2.  France
8.3.3.  Germany
8.3.4.  Italy
8.3.5.  Others
8.4. The Middle East and Africa  
8.4.1.  Saudi Arabia
8.4.2.  UAE
8.4.3.  Others
8.5. Asia Pacific  
8.5.1.  China
8.5.2.  Japan
8.5.3.  South Korea
8.5.4.  India
8.5.5. Thailand
8.5.6. Indonesia
8.5.7. Taiwan
8.5.8. Others

9.  Competitive Environment and Analysis
9.1.  Major Players and Strategy Analysis
9.2.  Emerging Players and Market Lucrativeness
9.3.  Mergers, Acquisitions, Agreements, and Collaborations
9.4.  Vendor Competitiveness Matrix

10.  Company Profiles
10.1. Chromogenics AB
10.2. Gentex Corporation
10.3. Saint-Gobain 
10.4. Halio, Inc. 
10.5. View, Inc
10.6. Heliotrope Technologies, Inc.
10.7. AGC Inc.
10.8. EControl-Glas GmbH & Co. KG
10.9. Polytronix Inc.
10.10. Research Frontiers Inc.

Chromogenics AB

Gentex Corporation

Saint-Gobain

Halio, Inc.

View, Inc

Heliotrope Technologies, Inc.

AGC Inc.

EControl-Glas GmbH & Co. KG

Polytronix Inc.

Research Frontiers Inc.