Knowledge Sourcing Intelligence launches the publication of a new report on “Electrochromic Glass Market - Forecasts from 2019 to 2026” to their giving.
The prime factor driving the growth of the electrochromic glass market is the surging use of electrochromic glass in the construction sector. Electrochromic Glass Market is estimated to reach a market size worth US$3,349.290 million in 2026.
As per the report, the market for Electrochromic Glass Market is expected to grow at a steady pace.
Electrochromic glass is a type of smart glass or electronically switchable glass, which changes its transparency when voltage, light, or heat is applied. This electrochromic glass is utilised in non-residential buildings all over the world, including workplaces, hospitals, and hotels. It is highly effective in terms of energy conservation and does not let extra heat enter a room, keeping it cooler during the summer and thus lowering the expense of air conditioning. However, the high cost of electrochromic products, a lack of knowledge among end-users such as builders and architects, and the slower reactivity of big glass surfaces compared to smaller-sized glass are the key issues restricting the growth of this electrochromic glass market.
The COVID?19 pandemic had a far?reaching influence on numerous sectors. The automotive glass industry had been affected by the temporary shutdown of assembly facilities throughout the world. Automotive sales were down nearly 45% worldwide in the second quarter of 2020, particularly in Europe, weighing on total smart glass demand. Furthermore, trade restrictions across national and international borders, as well as other trade restrictions, have impacted the worldwide supply chain of the glass sector, resulting in reduced sales activity. The recession in the construction industry also resulted in a significant reduction in demand for building glass.
Based on material, the electrochromic glass market is fragmented as Nanocrystal, Polymer, Viologen, Reflective Hydride and Transition Metal Oxide (TMO)
By product, the electrochromic glass market is segmented into Windows, Mirrors, Displays and Others
Based on end-user, the electrochromic glass market is fragmented as Residential, Commercial, Automotive, Marine, Aerospace, Healthcare and Others.
Based on geography, the electrochromic glass market is segmented into the North American region, the South American region, the Middle East and African region, the European region, and the Asia Pacific region.
As a part of the report, the major players operating in the electrochromic glass market, that have been covered are Chromogenic AB, Gentex Corporation, Asahi Glass, Saint-Gobain, Polytron Technologies, View Inc., Schott AG, Heliotrope Technologies, Inc., US e-Chromics Technologies, Inc., Halio Glass
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/electrochromic-glass-market
This analytics report segments the electrochromic glass market on the following basis: