The global electrochromic smart glass market was valued at USD 1.4 billion in 2019 and is expected to reach USD 4.27 billion by 2026, expanding at a CAGR of around 17.2% during the forecast period, 2020 – 2026. The growth of the market is attributed to properties like heat insulation and aesthetic benefits.
Electrochromic smart glass is a type of glass which changes its transparency ratio as per the level of voltage flow on it. It changes from transparent to opaque or translucent on the level of voltage flow passed through it. The glass is utmost efficient and help to conserve energy on air-conditioning facilities present in home or offices due to its insulative properties of preventing heat to enter into the room thus lowering the cost of electricity, the glass reflects the light falling on it to maintain the temperature in the room. The opacity of the glass also helps to maintain privacy and can be installed smartly to change or adjust itself by manual operations of switch.
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Segment by Key players:
Smartglass International Limited
SAGE Electrochromics
Asahi Glass Corporation
View Inc
Shenzhen Hongjia Glass Product Co
Dupont
Saint-Gobain S.A
Guangdong Kangde Xin Window Film Co Ltd.
Segment by Application:
Segment by Regions:
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