Surge in construction application of electrochromic glass coupled with government incentives for installing energy-saving solutions drives the growth of the global electrochromic glass market. The market across Asia-Pacific is estimated the market is expected to register the highest CAGR of 9.9% during the study period. However, dearth of raw materials and disrupted supply chain has affected the manufacturing of electrochromic glass.
A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
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The global electrochromic glass market garnered $1.40 billion in 2019, and is anticipated to garner $2.6 billion by 2027, registering a CAGR of 9.0% from 2020 to 2027.
The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
The market is categorized into construction, automotive, aerospace, and others. The construction segment dominated the market in 2018, contributing to more than one-third of the market. However, the automotive segment is anticipated to portray the highest CAGR of 9.9% during the forecast period.
The Electrochromic glass market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
The global electrochromic glass market is divided on the basis of application, end-user industry, and geography. Based on application, the market across windows, mirror, and display. The display segment is projected to register the highest CAGR of 10.9% during the forecast period. However, the windows segment held the largest share in 2019, accounting for more than half of the market.
Electrochromic glass Companies Covered Market:- AGC Inc., ChromoGenics AB, Polytronix Inc., Smartglass International Ltd., Compagnie de Saint-Gobain S.A., Kinestral Technologies Inc., Hitachi Chemical Co. Ltd. and Other.
Analysis of COVID-19 impact
The outbreak of the pandemic has had a massive impact on the majority of industries and the Electrochromic glass market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Electrochromic glass market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
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