DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "World Electrochromic Glass and Devices Market - Opportunities and Forecasts, 2014 - 2022" report to their offering.
Electrochromic glass is a chromogenic material, a kind of glass, which can change its light transmission properties according to the external electrical stimulus provided. Known as dynamic glass, it offers numerous benefits such as on-demand privacy, enhanced control, and high energy efficiency, which makes them increasingly popular choice for doors, windows, and partitions in many commercial & residential buildings. Electrochromic glass, since its introduction in the year 1986, has evolved continuously and gained widespread commercialization.
Continuous technological development will offer opportunities for application of electrochromic glass for different areas such as internet of things and hospitals of the future. Electrochromic devices are used as glare attenuation mechanism in rearview mirrors in automobiles and also in smart windows to regulate the solar gains of buildings.
Rising demand of these electrochromic glass in high end luxury cars and various government mandates and legislations supporting the adoption of these electrochromic glasses to ensure energy efficiency are the factors that will boost the growth of the electrochromic glass and devices market. Slower response time of large-sized electrochromic glass, and lack of awareness for the varied application of electrochromic devices are the key factors restraining the growth of the market. Increasing need for energy-efficient products and rising demand for electrochromic coatings films will offer growth opportunities in the market.
The report segments the electrochromic glass & devices market on the basis of materials, product, application and geography. On the basis of materials, the report is further segmented into Transition Metal Oxide (TMO), nanocrystal, viologen, polymer, and reflective hydride. On the basis of product, the market is segmented into windows, mirrors, displays, and others. On the basis of applications, the report is segmented into Commercial, Residential, Transportation, among others. The commercial segment is further segmented into educational buildings, corporate, healthcare and lab facilities, among other commercial application. The transportation segment is further divided into automotive, aerospace, and marine, among other transportation application. On the basis of geography, the market is segmented into North America, Europe, APAC and RoW.
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