DUBLIN, June 1, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/5bdbdt/electrochromic) has announced the addition of the "Electrochromic Glass and Devices Market by Material (Polymers, Nanocrystals, Violegens), Device (Windows, Mirror, Display), Application (Commercial, Residential, Transportation, Retail, Hospitality), and Geography - Global Forecast to 2020" report to their offering.
The overall Electrochromic Devices Market is expected to grow at a CAGR of 12.27% from 2014 to 2020. High demand from developing regions and the advent of new technologies such as internet of things (IoT) are some of the major reasons for the growth of the electrochromic glass market.
Electrochromic glass is a kind of glass which changes its light transmission property according to provided stimulus of voltage. The applications, efficiency, and effectiveness the electrochromic glass industry have increased in the recent years. Concepts such as Internet of Things are used in this glass sector to make the ultimate product highly efficient, reliable and advanced.
On the basis of materials, the electrochromic glass market is segmented into transition metal oxides (TMO), polymers, reflective hydrides, nanocrystals, and violegens. Keeping with the new trends in this industry, companies such as Gentex (U.S.) are using materials such as violegens for windows along with rear view mirrors.
Government protocols on energy conservation play a significant role in the growth of the electrochromic glass market. However, the high cost of electrochromic products, lack of awareness among end users such as builders and architects, and slower responsiveness of large glass surfaces as compared to smaller-sized glass are the key factors limiting the growth of this electrochromic glass market.
This report describes the market trends, drivers, restraints, opportunities, and challenges for the electrochromic glass market, and forecasts the electrochromic glass market from 2014 to 2020 on the basis of the material, product, application, and geography. This report covers geographies such as Americas, Europe, APAC, and RoW (Rest of the World).
On the basis of products, the Electrochromic Devices Market is segmented into electrochromic windows, mirrors, displays, and others. In 2014, the North America was the largest region in terms of market revenue for the electrochromic glass market, while the APAC region is projected to grow at the highest CAGR of 14.40% between 2014 and 2020.
The key players in this industry include SAGE Electrochromics, Inc.(U.S.), ChromoGenics AB (Sweden), RavenBrick LLC (U.S.), Asahi Glass Company (Japan), Gentex Corporation (U.S.), EControl-Glas (Germany), Magna Glass & Window, Inc. (U.S.) , Guardian Industries (U.S.), PPG Industries (U.S.), and View, Inc. (U.S.).
For more information visit http://www.researchandmarkets.com/research/5bdbdt/electrochromic
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SOURCE Research and Markets