Green building helping fuel electrochromic glass market
The global electrochromic glass market is expected to grow at 12 percent annually during the four years, according to new research.
The research by Technavio covers the present scenario and growth prospects of the global electrochromic glass market for 2017-21.
The global electrochromic glass market is expected to be driven by increasing demand from the building and construction sectors, which accounted for 57.42 percent of the global share and includes building and construction activities in both commercial and residential segments.
The advancement in nanotechnology, environmental concerns (global warming) and rising pressure on the energy efficiency of buildings has necessitated the application of energy-efficient systems, translating into the use of electrochromic glass in different applications, particularly in the construction of buildings.
“The energy saving solution of electrochromic glass is because it channelizes and reflects the heat and light passing through the glass,” said Kshama Upadhyay, a lead glass and ceramics research analyst at Technavio. “Further, well executed and conceived architectural designs will be able to produce an acceptable and energy-efficient indoor environment in buildings.”
The continuance of the automobile industry with a focus on equipping vehicles with energy-saving devices has fueled the demand for electrochromic glass. Electrochromic glass goes into vehicle components, such as windows and roofs of premium automobiles. Globally reputed brands such as BMW and Mercedes-Benz employ smart glass technology pertaining to the use of electrochromic suspended particles.
“Electrochromic glass is also used in buses, trains, marine craft and aircraft. The ongoing trend pertaining to embedding electronics, including sensors to switch automobile windows into infotainment displays represents yet another favorable factor for the market,” Kshama said.
Topics: Architectural Firms, Building Owners and Managers, Construction Firms, Consulting - Green & Sustainable Strategies and Solutions, Exteriors, Great Commercial Buildings, Windows - Glass and Glazing Strategies and Systems