Electronically switchable glass, also referred to as electrochromic glass, is used in a variety of structures, including skylights, windows, mirrors, and displays. Through a remote-controlled switch, it allows the user to control the amount of light and heat that passes through the glass, helping to regulate the temperature. It operates on the electrochromism principle, which calls for the use of substances that can change colour or opacity when a potential difference is applied across a surface. Additionally, these materials can maintain a specific shade after the change without the need for electricity. Over the course of the forecast period, the global electrochromic glass market is anticipated to expand as a result of these relative advantages over conventional glass.
In 2021, the market for Electrochromic Glass was valued at US$ 1,911.8 million, and by 2030, it is anticipated to reach US$ 4,350.1 million, growing at a CAGR of 9.7%.
Leading Companies in the Electrochromic Glass Industry
1. Asahi Glass Co. Ltd.
AGC Inc., formerly Asahi Glass Co., Ltd., is a Tokyo-based Japanese global glass manufacturing company. It is the world's largest glass company and one of Mitsubishi's core businesses. The company is a component of the TOPIX and Nikkei 225 stock indices and is traded on the Tokyo Stock Exchange.
The Global Electrochromic Glass Industry by 2030, according to Asahi Glass.
2. Chromogenics AB
ChromoGenics manufactures dynamic glass with variable heat and light transmission. In 2016, the company began commercial sales to Scandinavian real estate project. ChromoGenics is headquartered in Uppsala, Sweden, and the technology is derived from the world-renowned ngström Laboratory at Uppsala University.
ChromoGenics AB is introducing the world's clearest electrochromic glass.
3. Guardian Industries Corporation
Guardian Industries, based in Auburn Hills, Michigan, is a privately held industrial manufacturer of glass, automotive, and building products. For commercial, residential, and automotive applications, the company manufactures float glass, fabricated glass products, fibreglass insulation, and building materials.
During the forecast period 2022-2030, the electrochromic glass market is expected to grow at a CAGR of 10.92%.
4. Gentex Corporation
Gentex Corporation is an American electronics and technology company that develops, designs, and manufactures automatic-dimming rearview mirrors, camera-based driver assistance systems, and other automotive equipment.
Electrochromic Glass Market Giants' Spending will increase with time.
5. Magna Mirrors Holding GmbH
Mirrors have evolved into complex vision systems packed with electronics and consumer safety features while still allowing for styling improvements.
Magna Mirrors is a globally recognized innovator and manufacturer of full mirror systems. Our specialty is product development, design, engineering, testing, validation, and manufacturing of interior and exterior mirrors, actuators, and door handles.
Electrochromic glass is a type of electronically switchable glass that can change from transparent to opaque depending on the potential difference applied across the terminal attached to the surface ends of the material.
6. PPG Industries
PPG Industries, Inc. is a Fortune 500 company based in the United States that is a global supplier of paints, coatings, and specialty materials. PPG is headquartered in Pittsburgh, Pennsylvania, and operates in over 70 countries around the world. It is the world's largest coatings company by revenue, followed by AkzoNobel.
Meta Materials and PPG Announce Plans to Develop Electrochromic Applications for Ophthalmic Optics in the Extended Reality Market in 2022.
7. Ravenbrick LLC
RavenBrick, a materials science company based in Denver, was founded in 2006 and has developed patented thermochromic filter technology to manage solar heat gain in windows.
RavenWindows change colour in response to temperature, a transformation comparable to a hundredfold increase in production.
8. Sage Electrochromics
Saint-Gobain subsidiary SAGE Electrochromics, Inc. is a specialised window glass developer based in Faribault, Minnesota.
The electrochromic glass market is expected to grow steadily by 2030.
*Definition: When stimulated by an electrical signal, the electrochromic smart glass changes its transmittance. This reversible change transforms the glass's state from transparent to opaque.
