Electrochromic Glass and Film Market Size, Share, Growth, and Industry Analysis, By Type (Transition Metal Oxides (TMOs), Polymers, Reflective Hydride, Nanocrystals, Violegens, Transparent Conductors and Hybrid Photochromic/Electrochromic Smart Windows), By Application (Residential windows, Commercial windows, Automotive windows, Automotive mirrors and Aerospace) and Regional Forecast to 2032

Updated On: 02 September 2024

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ELECTRICHROMIC GLASS AND FILM MARKET REPORT OVERVIEW

The Global Electrochromic Glass and Film Market size was USD 166.3 million in 2023 and the market is projected to touch 292.82 million by 2032, exhibiting a CAGR of 5.82% during the forecast period.

This Market of Electrochromic Glass and Film has been on the rise over the years due to the intensive use of energy efficient materials in buildings and awareness of green buildings. The electrochromic glasses and films are smart materials; these have capability to control the entrance of light and heat by applying voltage across the glass. It has the ability to minimize light and HVAC usage in buildings hence utilizing less energy and performing optimally at less operational costs than the common types of buildings. Secondly, the electrochromic materials have an added advantage in that they afford aspects related to appearance and operation of the interior by providing features such as glare control, privacy and enhanced climate control, making them ideal for the present age architectural structures.

However, the sector that is expected to have a remarkable influence on the Electrochromic Glass and Film Market apart from construction is the automotive sector. Integration of smart windows into automobiles contributes to the well-being of passengers through the regulation of the influx of light and heat that is usually felt through car windows in order to minimize the use of air conditioning hence conservation of fuel. The extent to which electrochromic materials incorporates with other assemblies like IoT and auto-control system etc and extent to which technological developments are foreseen to spike the market.

COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering; with the Electrochromic Glass and Film Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The outbreak of the pandemic impacted negative change on the supply and flow of electrochromic glass and films since it disrupted the supply chain all over the world. Lack of availability of those raw materials and longer lead times of production processes underlined cost of production rise. Because of the lock downs and restrictions in terms of going out the construction projects took a knock and this caused many of them to cease or slow down. Directly, this slowdown in construction activity affected the necessity for electrochromic glass and films.

The automobile industry, one of the major consumers of electrochromic materials, received a huge blow by the pandemic through cut down on production and sales of vehicles. This led to low demand of electrochromic glass applied in the smart windows for automobiles. The market is anticipated to boost the Electrochromic Glass and Film Market growth following the pandemic.

LATEST TRENDS

"Advancements in Material Science to Drive Market Growth"

The current works toward the enhancement of electrochromic’s life span, response rate, and chromaticity. Ongoing research and development are seeking to discover new composite options and methods of manufacturing electrochromic glass and films that are more efficient and cheap to produce. One observes the specified electrochromic glass is being used in the commercial structures as workplaces, lodging, and shopping complexes. The building owners and architects are now using this technology to design functional and aesthetic interiors relevant for the dignity of occupants and energy efficiency. Currently, green building practices are stoking the need for electrochromic glass in constructions of commercial and residential buildings. These materials assist in the reduction of energy usage that would have been used to regulate heat from the sun, artificial lighting and cooling thereby supporting sustainability. These latest developments are anticipated to boost the Electrochromic Glass and Film Market share.

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ELECTRICHROMIC GLASS AND FILM MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Transition Metal Oxides (TMOs), Polymers, Reflective Hydride, Nanocrystals, Violegens, Transparent Conductors and Hybrid Photochromic/Electrochromic Smart Windows.

• "Transition Metal Oxides (TMOs): "TMOs are the most used transparen matériel élec OS, that are constructed with materials such as Tungsten oxide (WO3). The display devices function with the mechanism that changes their optical characteristics in dependence on applied voltage: from transparent or colored to nontransparent. Called into use generally in the frosting of windows, automobiles, and other screen gadgets due to their efficiency and toughness.
• "Polymers": This is functional materials which are electronic polymers that alter their color when an electrical current is passed through them. These materials are available in a large number of shades and can be processed into films. it can be found widely used in flexible displays, PMU, smart window applications, and low power electronics.
• "Reflective Hydride": Translucid/reflective hydride materials change between the two states and are typically magnesium based hydrides. It bounces off it when in the hydride state to help in minimizing glare as well as conduction of heat. Mainly, employed in regulating heat and light in smart windows for structures and cars.
• Nanocrystals: These are tiny crystalline materials that when incorporated with glass matrix display electrical coloring ability. Titania nanocrystals are very useful for controlling the transmission of light at the nanometer scale and offer tunable colors in some products. Employed in novel smart windows and display applications because of their high variability and efficiency.
• "Violegens": Violegens are a type of organism that undergo dramatically intense color changes when electric current is supplied to them for some time. They can be changed from one color to the other and are commonly employed in electrochromic devices in which color change is vital. Used in smart displays, indicators and in appearance of glass articles only.
• "Transparent Conductors": ITO is one of those materials employed in electrochromic applications especially in the manufacturing of electrochromic devices which employs the above materials such as ITO in acting as the transparent electrodes. These materials ensure the electrical conductivity which is required while at the same time being optically transparent. Incorporated into all categories of EC materials and products such as windows, automotive rear-view mirrors, and displays.
• "Hybrid Photochromic/Electrochromic Smart Windows": These smart windows use both the photochromic technology, where the windows change colour through the use if light and the electrochromic technology where the windows change colour through the use of voltage. Both of them can regulate the tint, for instance by the control of sun radiation, as well as providing motorized options. Applied to structures and vehicles aimed at regulating the light and heat passing through to increase efficiency as well as the level of comfort for users.

By Application

Based on application the global market can be categorized into Residential windows, Commercial windows, Automotive windows, Automotive mirrors and Aerospace.

• "Residential Windows: "Electrochromic windows in the residential application offer the ability to manage light and heat that gets into the house. Depending on the preference, they can be further made to have specific tints, or can be made to be very clear for enhancing the comfort of indoors. Eliminates curtain or blinds to an extent and decreases the sales of electricity by cutting down the amount used for cooling and heating, ensures privacy while still getting natural light and beautifies the place.
• "Commercial Windows": The common application of electrochromic windows is in the control of daylight or heat entering commercial buildings. They can also be set to change according to the external light conditions such as, whether it is day or night. Eliminates the need for HVAC from the building, enhances the comfort of the users and their performance due to reduced glare, fosters receptiveness for LEED certification, and adds beauty and contemporary image to the building envelopes.
• "Automotive Windows: "Electrochromic glass as an application in automobiles means that the window and sunroof tints can be regulated to control the amount of light and heat admitted inside the car. Cuts on the use of air conditioning hence improving the fuel efficiency of the car, adds privacy and security, protects from Sun’s UV rays, and is a plus attachment that consumers will love to have in their cars.
• "Automotive Mirrors": Intelligent mirrors, particularly the electrochromic mirrors or auto-dimming mirrors, change their reflective character to prevent glares that come from trailing vehicles’ bright lights. Reduces the driver’s eye fatigue thus improving their safety on the road, offers more comfort while driving at night and is standard in most luxury cars.
• "Aerospace": Smart windows that depend on the electrical supply are found in aircraft cabins as a natural source of lighting control without the need for curtains and blinds. Improves comfort and health in passengers, provide less demand of handling shading devices, makes the interior look sleek and sophisticated, and can also play a role in controlling the temperature in the aircraft climate control systems, making it more energy efficient.

DRIVING FACTORS

"Energy Efficiency & Sustainability Goals to Boost the Market"

One of the major stimulants is the call for resource-saving building products. Smart windows and coatings such as electrochromic glass and films prevent the solar heat gain and glare thus, minimizing the utilization of HVAC systems and artificial lighting hence reducing energy consumption. Increasing concern for the environment coupled with regulatory measures of energy efficiency in new building constructions are influencing the electrochromic materials market. The use of these materials aids in achieving sustainability ideals by lowering carbon emissions and aiding LEED and other green building accreditation.

"Rising Construction and Automotive Industry Demand to Expand the Market"

Increased business activities in construction and redesigning have tends to increase the consumption of new advanced building materials. Electrochromic glass is especially being incorporated in new constructions and in retrofit designs for containment current structures to enhance aesthetics as well as efficiency. Automotive remains the largest consumer of electrochromic glass, especially in sunroof, windows, and rear-view mirrors, applications. Such a rising demand for electric and luxury cars especially those that incorporate extra tech potions to enhance the comfort and working of cars is also advancing the market. These factors are anticipated to drive the Electrochromic Glass and Film Market share.

RESTRAINING FACTOR

"Limited Awareness and Understanding to Potentially Impede Market Growth"

There is still comparatively low awareness and knowledge of the electrochromic technology within the end users. Lack of knowledge of these features, as well as works and services that can be created using additive technologies increases the number of barriers to further market development. Several issues are associated with electrochromic glass and films and these include; lenient colors and slow switching speeds as well as the known tendency of the glass to dematerialize over time. Some of these technical weaknesses are bad for the performance and reliability of the products, thereby making the products unattractive to some consumers. The factors are anticipated to hinder the growth of the Electrochromic Glass and Film Market growth.

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ELECTRICHROMIC GLASS AND FILM MARKET REGIONAL INSIGHTS

"North America is Dominating the Market with Strong Construction Industry and Commercial Sector Demand"

"The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa."

The region contains highly developed construction industry that actively using the high-quality and innovative building materials. The tendencies of using energy-efficient and sustainable constructions are currently most active in North America; the countries are fully focused on green buildings and certifications, including LEED. The electrochromic glass market in the North American region has primarily bene the commercial real estate sector. More and more often, offices, hotels, and shopping centers apply electrochromic glass to improve energy, visual, and comfort factors for inhabitants. North America also has a higher level of consumers’ advancement and acceptance of smart and sustainable building materials. Marketing activities carried out by companies and industry associations have cultivated awareness and desire for electrochromic glass and education.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

The Electrochromic Glass and Film Market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, materials, and smart features in electrochromic glass and film, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market

"List of Market Players Profiled"

• ChromoGenics [Sweden]
• Sunpartner Technologies [France]
• SageGlass [U.S.]
• Saint-Gobain [France]
• Guardian Glass [U.S.]

INDUSTRIAL DEVELOPMENT

"March 2022": Halio Smart Glass from Kinestral Technologies is a cutting edge electrochromic glass which is able to vary its tint to control daylight and solar heat. This technology makes the substance comfortable to use and energy saving due to the variations in light intensity of the smart glass. It is preferred for both the commercial and residential purposes and increases the integration of technology as well as architecture in contemporary structures.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.