Global Electrochromic Glass Market 2017-2021

Overview of the global electrochromic glass market

As per the Technavio’s market research report, the global electrochromic glass market will grow at a moderate rate and post a CAGR of more than 12% during the forecast period. The increasing adoption of green or Leadership in Energy and Environmental Design (LEED) buildings will drive the growth prospects for the global electrochromic glass market during the predicted period. The growing concern of government agencies and municipalities towards environmental issues have encouraged the construction of green buildings to reduce the negative impacts on climate and natural resources by increasing the installation of electrochromic privacy glass. Also, a number of green committees, green conferences, and green journals are established in professional and building trade organizations to support the adoption of green buildings, which in turn, will drive the purchase of electrochromic glass across the globe.

One of the major trends that will gain traction in the electrochromic glass market in the next few years is the increasing use of photovoltaic-integrated electrochromic devices in smart glass applications. The photovoltaic electrochromic (PVEC) device is a semi-transparent device that includes a thin-film solar panel (Si-TFSC) substrate, non-conductive transparent substrate, and an electrochromic solution. Since this device has many benefits such as increased transmittance, the ability to form a uniform electric field, and other properties, the market will experience a high demand for these devices that will drive the market for electrochromic glass.

Competitive landscape and key vendors