Published Date : Aug 28, 2017
ALBANY, New York, August 28, 2017: The demand for electrochromic storage devices is gradually rising, enabling the global market to clock an impressive growth. In the last couple of years, the construction industry has shown interest toward electrochromic storage devices, promising attractive growth opportunities to the market. MarketResearchReports.biz has announced the addition of a new report, titled “Global Electrochromic Storage Devices Market 2017-2021,” which identifies prospects for the market around the world and provides refined outlook from 2017 and 2021. The report compiles exhaustive information obtained via proven research methodologies. It is therefore intended at enabling the market players gain a better perspective of the global electrochromic storage devices market.
According to the report, the global electrochromic storage devices market is likely to exhibit over 12% CAGR between 2017 and 2021. The electrochromic storage technology has found one of its crucial applications in smart windows. Considering this, the increasing uptake of green buildings, or structured confirming to the Leadership in Energy and Environmental Design will bode well for the overall market. With government agencies and municipalities taking initiatives to curve the environmental concerns, construction of green buildings has increased. Such steps ensure reduction in carbon footprint. This in turn has fuelled the installation of electrochromic privacy glass.
The market is also expected to witness the rising use of photovoltaic integrated electrochromic devices, especially in smart glass applications. Since these devices offer several benefits such as the ability to create a uniform electric field, improved transmittance, and various other properties, their demand is likely to accelerate in the near future. Besides identifying the prevailing market trends, the report has segmented in based on various parameters.
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Regionally, EMEA, APAC, and the Americas constitute the key regional markets. Among these regions, the Americas exhibited the highest opportunities for the market and is likely to remain a lucrative market through the course of the forecast period. The region is currently witnessing a rise in the installation of smart glass technologies such as electrochromic glass, which is likely to have a positive influence on the market in the near future. Furthermore, the rising demand for electrochromic switchable glass in architecture, the growing awareness regarding the importance of energy conservation, and growth witnessed in the real estate market will bode well for the elctrochromic storage devices market in North America.
The global electrochromic glass market exhibits the presence of a few large companies, who are driven by innovative ideas and creativity. In order to establish a stronger foothold, the market players offer a large variety of electrochromic glasses. In addition, the vendors are competing against each other in terms of quality, features, and price. Some of the most prominent names operating in the global electrochromic storage devices market are SAGE Electrochromics, ChromoGenics, EControl-Glas, Gentex, Plansee, and PPG.
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