Materials are getting smarter in buildings, and contractors need to be aware of how they are changing in order to incorporate into project in the future. One example of this is glass.
Electrochromic glass is a smart glass that changes its properties when voltage as stimuli is provided. It is also an innovative and modern building glass that can be used to create partitions, windows, or skylights. It allows users to control the amount of heat or light that passes through the glass, giving them the ability to regulate temperatures or create privacy.
The electrochromic glass market is projected to reach a total market size of $2.009 billion by 2022, from $0.990 billion in 2017.
Electrochromic glass can be tinted, colored, clear, or opaque and has heat modulation capacity and light transmission according to the environment. These glasses can be used in corporate and educational buildings, residential, hospitals, and hotels, among others. A rising inclination towards green building is one of the key factors spurring the market. A growing need for regulating the solar radiation through the windows is further fuelling the demand for electrochromic glass.
Rising R&D activities, technological advancement in the development of electrochromic coating films, and increased need of energy efficient products are creating new opportunities for the expansion of the market for electrochromic glass. The slower response rate from the large-sized electrochromic glass and lack of awareness about the benefits of electrochromic glass, particularly in emerging economies, are challenges for the market.
This market will gain in popularity, along with green initiatives and the push for sustainability in the construction industry.
