Increasing Use in Automotive Applications: The integration of electrochromic glass in automotive sunroofs and windows boosts market growth.
WILMINGTON, DELAWARE, UNITED STATES, May 23, 2024 /EINPresswire.com/ — Allied Market Research recently released a report titled โElectrochromic Glass Market by Application (Windows, Mirror, Display) and End-use Industry (Construction, Automotive, Aerospace, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.โ The report reveals that the global electrochromic glass market, valued at $1.7 billion in 2022, is projected to reach $4.1 billion by 2032, growing at a CAGR of 9.2% from 2023 to 2032.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/request-sample/1023
๐๐๐ฒ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
The growth of the global electrochromic glass market is driven by several factors, including:
– Advancement in Smart Buildings and IoT: Electrochromic glass technology supports dynamic control of light and heat, enhancing energy efficiency and occupant comfort.
– Increasing Use in Automotive Applications: The integration of electrochromic glass in automotive sunroofs and windows boosts market growth.
๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
– High Cost: The elevated cost of electrochromic glass poses a challenge to market expansion.
– Green Building Certifications: The rising demand for environmentally sustainable building practices presents significant growth opportunities.
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
– Forecast Period: 2023โ2032
– Base Year: 2022
– Market Size: Valued at $1.7 billion in 2022, projected to reach $4.1 billion by 2032.
– CAGR: 9.2%
– Report Length: 219 pages
– Segments: Application, End-Use Industry, and Region
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Windows Segment: Dominated the market in 2022, accounting for over half of the market revenue, driven by adoption in residential construction.
Mirror Segment: Expected to exhibit the highest CAGR of 9.6% from 2023 to 2032, with applications ranging from traditional bathroom mirrors to vehicle rearview mirrors.
๐๐ฒ ๐๐ง๐-๐๐ฌ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
Construction: Led the market in 2022 with around one third of the market share, driven by integration in smart building systems for daylight harvesting.
Aerospace: Projected to have the highest CAGR of 9.7% from 2023 to 2032, with usage in sunroofs and skylights in various aircraft.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
Asia-Pacific: Held the highest market share and demonstrated the fastest growth in 2022, benefiting from the adoption of energy-saving technologies in countries like Japan and South Korea.
Europe: Accounted for one third of the market share in 2022, leveraging electrochromic glass for preserving historical buildings and artworks in countries like Italy and France.
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
– AGC INC.
– CHROMOGENICS
– SAINT-GOBAIN
– PLEOTINT LLC
– POLYTRONIX, INC.
– GUARDIAN INDUSTRIES
– VIEW, INC.
– RAVENWINDOW
– SAGEGLASS
– GENTEX CORPORATION
The report provides an in-depth analysis of these key players, highlighting their business performance, product portfolios, and strategic initiatives, offering valuable insights into the competitive landscape of the global electrochromic glass market.
๐๐๐ง๐ญ ๐ญ๐จ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐๐ญ๐๐ญ๐ข๐ฌ๐ญ๐ข๐๐๐ฅ ๐๐๐ญ๐ ๐๐ง๐ ๐๐ซ๐๐ฉ๐ก๐ฌ, ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ’ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐๐ฌ: https://www.alliedmarketresearch.com/electrochromic-glass-market/purchase-options
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Allied Market Research
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