The global electrochromic glass market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is expected to register the fastest CAGR of 18.1% during the study period. However, the market across Europe held the largest share in 2018, contributing to one-third of the market.
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Allied Market Research published a new report, titled, “Electrochromic Glass Market by Application (Windows, Mirror, and Display) and End-User Industry (Construction, Automotive, Aerospace, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027″ The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
Rise in construction application of electrochromic glass coupled with government incentives for installing energy-saving solution drive the growth of the global electrochromic glass market. The market across Asia-Pacific is expected to register the fastest CAGR of 18.1% during the study period. On the other hand, the automotive segment is anticipated to portray the fastest CAGR of 18.1% during the study period.
This makes it important to understand the practical implications of the electrochromic glass market. To gain a competitive advantage, the players must have something unique. By tapping into the untapped market segment, they can establish a relevant point of differentiation, and this report offers an extension analysis of untapped segments to benefit the market players and new entrants to gain the market share.
As per the report published by Allied Market Research, the global electrochromic glass market accounted for $1.20 billion in 2018 and is projected to garner $4.1 billion by 2026, registering a CAGR of 17.2% from 2019 to 2026.
KEY MARKET PLAYERS:
The report provides the SWOT analysis of the key market players AGC Inc., ChromoGenics AB, Compagnie de Saint-Gobain S.A., Hitachi Chemical Co. Ltd., Kinestral Technologies Inc., Pleotint LLC, Polytronix Inc., Research Frontiers Inc., Smartglass International Ltd., and View Inc. which gives the business overview, financial analysis, and portfolio analysis of products and services. The latest news related to industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures, collaborations, product launches, market expansions etc. are included in the report for the better understanding of the stakeholders in framing strategic decisions to gain long term profitability and market share.
Based on end-user industry, the market is bifurcated into construction, automotive, aerospace, and others. The automotive segment is anticipated to portray the fastest CAGR of 18.1% during the study period. This is due to rise in use of sunroof, sun-visors, side windows, and rear windows. However, the construction segment held the largest share in 2018, accounting for one-third of the market.
NEED FOR THE REPORT:
The current situation of pandemic makes it very important for the stakeholders in the electrochromic glass market to understand the market deeply, which will help them in taking sound decisions, to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.
The global electrochromic glass market is segmented on the basis of application, end-user industry, and geography. Based on supplication, the market is categorized into windows, mirrors, and displays. The windows segment dominated the market in 2018, contributing to more than half of the market, due to the rise in the use of smart windows and surge in construction and renovation of old office buildings in North America. On the other hand, the display segment is projected to manifest the fastest CAGR of 19.2% during the forecast period.
KEY OFFERINGS OF THE REPORT:
- Key drivers & Opportunities: An extensive analysis on key factors and opportunities available in different segments for strategizing.
- Current trends & forecasts: A comprehensive analysis on latest trends, and forecasts for next few years to frame strategic decisions as a next step.
- Segmental analysis: An extensive analysis of each segment and driving factors such as revenue and growth rate is offered.
- Regional Analysis: A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity.
- Competitive Landscape: Useful insights on each of the leading market players for outlining competitive scenario and related strategies have been offered in the report.
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