Electrochromic Glass Market 2028:Asahi Glass Company (Japan), ChromoGenics AB (Sweden), Gentex Corporation (USA)
Electrochromic glass is a type of smart glass or switchable glass, operating under the electrochromic mechanism. Market Research Future (MRFR) has published a research report regarding the global electrochromic glass market that predicts growth for this market between 2017 and 2023.
The key factors boosting the market growth
for electrochromic glass include growing construction and automobile sector and
the worldwide increase in investments in infrastructural developments. The
global electrochromic glass market has been segmented on the basis of application,
end use, material, and lastly, region. As per the application-based
segmentation, this market has been segmented into displays, doors, mirrors,
windows, and others.
Based on the end use, the
market has been segmented into aerospace,
automotive, building & construction, marine, and others. Building &
construction is the segment that holds largest market share. The segment with the
second largest market share in the automotive
sector. The material-based segmentation segments the market into nanocrystal,
transition metal oxide, and viologen.
The regional segmentation of the global electrochromic
glass market segments the market into the continent-based regional market known
as North America, Latin America, Europe, Asia Pacific, and the Middle East
& Africa (MEA). Among these regional markets, North America is the largest
regional market, followed by Europe. During the forecast period, growth for
both regional markets is expected. In North America, technological advancement,
growing investment, higher adoption rate, and established automotive, as well
as construction sectors, are contributing to the growth of this market. The
most important regional markets in this region are the United States of America
(USA), Canada, and Mexico.
The European market is growing because of
the developed automobile and marine industry. The use of electrochromic glass
is also increasing in the aviation industry. The growing government
encouragement in the development of eco-friendly buildings is leading to the
growth in demand for the electrochromic glass, especially in countries such as
Belgium, France, and Germany. Other pivotal
country-specific markets in this region are Italy, Spain, and the United
Kingdom (UK) followed by the rest of
Europe.
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According to the report, the Asia Pacific
has been expected to emerge as the fastest
growing regional market during the forecast period. The key market drivers in
this region include the growing investment in infrastructural development and
rapid growth of the automobile industry. The
crucial country-specific markets in this region are Australia, China,
India, Japan, and New Zealand, followed by the rest of the Asia Pacific region.
In Latin America, the strong economies
that can be ideal markets are Argentina and Brazil, followed by the rest of
Latin America. The MEA region shows limited
market slow and steady growth. The
reasons for the slow market growth in this region are lack of awareness, lack
of education, lack of technological development, political instability. The
major country-specific markets in this
region are Bahrain, Israel, Kuwait, North Africa, Oman, Qatar, Saudi Arabia,
Turkey, and the United Arab Emirates (UAE).
Key
Players
The key players in the
global electrochromic glass market include Asahi
Glass Company (Japan), ChromoGenics AB (Sweden), Gentex Corporation (USA),
Guardian Industries Corporation (USA), Magna Glass & Window, Inc. (the USA), PPG Industries (USA), RavenBrick LLC
(USA), SAGE Glass, Inc.(the USA), and
View Inc. (USA).
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Report Details @ https://www.marketresearchfuture.com/reports/electrochromic-glass-market-5530
Latest
Industry News
·
View, a tintable-Window
glass startup has received US $1.1 bn investment from SoftBank vision fund. 5 NOV 2018
·
Kinestral Technologies,
maker of Halio™ smart-tinting glass technologies, and AGC, the world’s largest
manufacturer of flat glass, are collaborating for two joint venture companies
they formed, Halio North America (HNA) and Halio International (HINT) that are
now open for business. HNA and HINT are the exclusive sales and service agents
for Halio smart-tinting glass for the building industry. 20 JUNE 2018
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