The global electrochromic glass market to grow at a CAGR of 12.31% during the period 2017-2021.
The report, Global Electrochromic Glass Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is introduction of transition-metal hydride electrochromic. An innovative advancement in the global electrochromic glass market is the introduction of electrochromic hydride material that demonstrates unusual properties. For instance, thin Ni-Mg (nickel-manganese) films have a reduced visible transmittance as they demonstrate mirror-like properties.
According to the report, one driver in the market is robust demand for energy efficient systems. The advancement in nanotechnology, environmental concerns (global warming), and rising pressure on the energy efficiency of buildings has necessitated the application of energy-efficient systems translating into the use of electrochromic glass in different applications, particularly in the construction of buildings. For instance, the buildings in the US account for at least 20%-30% of energy wastage due to inefficiency, with at least 35% of the cooling requirements of a typical building are because of heat gain (solar) through windows. This has fueled the demand for electrochromic glasses, particularly in the Americas.