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Market Leaders – Electrochromic Glass and Devices Market
“Electrochromic glass” is a combination of chromogenic material and glass, which responds to light and heat intensity, and adjusts its transparency accordingly when external voltage is applied. In the electronics industry, it is also known as dynamic glass, which offers on demand privacy, control, and energy efficiency. When activated, the glass changes from transparent to translucent, blocking some or all wavelengths of light. The report provides information on the trends in the electrochromic glass and devices ecosystem along with the analysis and forecast for the next six years. It also provides an in-depth analysis of the factors that drive and restrain the growth of the electrochromic glass market. The geographic segmentation in the report helps to determine the market size in various regions including the North America, Europe, APAC, and RoW. The electrochromic glass market is expected to witness prominent growth and reach $2.59 Billion by 2020, at a CAGR of 12.27% between 2014 and 2020. With about 46% share in 2013, the electrochromic mirror is expected to be the major contributor to the overall electrochromic glass and devices market. This segment is expected to reach $1.19 Billion by 2020, at a CAGR of 11.77% between 2014 and 2020.
The electrochromic glass market is a highly diversified market with a large number of companies including SAGE Electrochromics Inc. (U.S.), ChromoGenics AB (Sweden), RavenBrick LLC (U.S.), Asahi Glass Company (Japan), Gentex Corporation (U.S.), EControl-Glas (Germany), Magna Glass & Window, Inc. (U.S.) , Guardian Industries (U.S.), PPG Industries (U.S.) and View, Inc. (U.S.).
Sage Electrochromics, Inc. (U.S.) held the leading position in the electrochromic glass and devices market in 2014. The company specializes in electronically tintable smart glass (also known as electrochromic glass or dynamic glass) for use in windows, skylights, and curtain walls. In 2014, Sage Electrochromics, Inc. signed a contract with Mortenson Construction, Hotel Development LLC, the Mdewakanton Sioux Community, and the City of Bloomington, Minnesota to manufacture and supply more than 300 panes of automatically tintable glass for the huge skylight in the center of Mall of America.
Gentex Corp. (U.S.) is the market leader in auto-dimming rear view electrochromic mirrors, accounting for about 80% of the market share in the global electrochromic automotive rear view mirrors. It also offers electronics products for the automotive industry, variable dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for various other industries. The company adopts the strategy of acquisitions and partnerships to expand its presence in the electrochromic glass market. For instance, it acquired the ‘HomeLink’ business of Johnson Controls, Inc. (U.S.) in September 2013. . ‘HomeLink’ is a vehicle-based control system that enables drivers to remotely activate garage door openers, entry door locks, home lighting, security systems, entry gates, and other radio frequency convenience products. View, Inc. also holds a major share in the electrochromic glass, having entered into strategic partnerships with Corning Inc. (U.S.) and Guardian Industries (U.S.), to strengthen the core competencies of its electrochromic glass products.
Electrochromic Glass and Devices Market by Material (Polymers, Nanocrystals, Violegens), Device (Windows, Mirror, Display, Application (Commercial, Residential, Transportation, Retail, Hospitality), and Geography - Global Forecast to 2020
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