Electrochromic Glass Becoming A $3 Billion Market by 2020, says n-tech Research

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Dec 08, 2015, 03:19 ET

GLEN ALLEN, Va., Dec. 8, 2015 /PRNewswire/ -- A new report from industry analyst firm n-tech Research indicates the market for electrochromic (EC) glass and film systems will approach $3.0 billion in revenue by 2020, and keep growing to nearly $4.2 billion by 2023. Much of the revenue generation will come from the mature sector of self-dimming auto mirrors, but the real growth opportunities will be in smart windows for buildings and vehicles, as well as potentially new applications such as lenses for mobile devices.

Details of the new report, "Electrochromic Glass and Film Markets 2016-2023" are available at: http://ntechresearch.com/market_reports/electrochromic-glass-and-film-markets-2016-2023

About the Report:

This report updates n-tech's evaluation of the electrochromic glass market, identifying and quantifying opportunities that have emerged and which we see emerging over the coming eight-year period. This includes granular eight-year forecasts in both volume and value terms.

The scope of our analysis, and to some extent the forecasts, also includes the electrode materials used for EC windows. We also cover substrate materials for smart windows, both plastic and glass. We also discuss changing manufacturing patterns within the EC glass business, and why we continue to anticipate changes at the manufacturing level that eventually should prove critical to the commercial future of EC glass.

Companies discussed in this report include: Asahi Glass, Boeing, Chromogenics, Continental Automotive Systems, Corning, E-Chromic Technologies, EControl-Glas, Fuyao, Gentex, Gesimat, Guardian, HelioTrope Technologies, Magna International, Merck, Next Energy, NexTint, NSG/Pilkington, PPG, Sage Electrochromics, Saint-Gobain, SunPartner, Switch Materials, Tesla, and View.

Highlights from the Report:

n-tech continues to see the brightest future for EC technology in smart windows. This sector is still relatively tiny today, but we see it growing substantially over the next several years. We see smart windows in buildings surging from barely $40 million today to nearly $500 million by 2019. Automotive smart windows will come along more slowly but we see this sector approaching $500 million as well, by the end of our eight-year forecast period. More novel applications are still being evaluated, such as for camera assemblies in mobile devices, where potential addressable markets could be massive with billions of annual shipments.

Customers evaluating smart windows have become more receptive over the past year or two to understanding a broader cost-comparison of not just glass but at avoided up-front costs, such as shading systems, interior lighting, and downsized HVAC investments. Compared on that level, EC firms say they are now matching or even winning the business case.
Another message that is resonating with EC glass customers, especially for owner-occupied buildings, is connecting the dots between daylighting, more comfortable interior working spaces, and occupant productivity. Overstock.com, which will have 40,000 ft2 of EC glass in its new headquarters in Salt Lake City, calculates every 1 percent more productivity for its $100 million payroll is worth $1 million.
Projects in the pipeline are growing not just in number (Sage and View have doubled their pipelines in the past year), but in size and scope as well. Many are now in the tens of thousands of ft2, instead of measured mostly in hundreds or a thousand ft2. This not only speaks to market success, but it helps de-risk the technology and provide reference points for many new customers evaluating dynamic glass.

About n-tech Research:

n-tech Research is the leading provider of market research and industry analysis for the advanced materials sector, with a special focus on the latest functional and smart materials. Visit http://www.ntechresearch.com for a full listing of the firm's services.

SOURCE n-tech Research