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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Electrochromic Glass Market Share by Construction Sector
With the recovery of the construction sector post 2021, the market is expected to witness a surge in demand due to its increasingly common use in windows, displays, and sunroofs, especially in developed regions. The electrochromic glass allows engineers and builders to create more comfortable indoor spaces by developing building facades that can eliminate glare, solar heat gain, and UV exposure. Moreover, being an energy-friendly alternative to automated windowpanes/shutters, the product is expected to witness increased adoption in commercial spaces, along with other smart glass options, thus, driving the market expansion.
Electrochromic Glass Market Report Snapshots
Electrochromic Glass Market Size
Electrochromic Glass Market Growth
Electrochromic Glass Market Trends
Electrochromic Glass Market Share
Electrochromic Glass Companies
Electrochromic Glass Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global electrochromic glass market attained a value of nearly USD 1.88 billion.
The market is estimated to grow at a CAGR of 8.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 3.88 billion by 2032.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the growing product adoption in residential and commercial construction business operations, the increasing demand for cost-effective and low-energy alternatives to automated sunroof panels in vehicles, and the growing construction sector.
The key trends guiding the market include technological advancements and innovations and the introduction of stringent government regulations aimed at energy conversion.
Windows, mirror, and display are the major applications of the product.
Construction, automotive, and aerospace, among others, are the different end uses of electrochromic glass.
The major players in the market are AGC Inc., Chromogenics AB, Kinestral Technologies, Inc., Polytronix, Inc., and Smartglass International Limited, among others.
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