ACTIVE SMART GLASS
The global Electrochromic glass market is expected to increase from USD 2.1 billion in 2017, to USD 6.22 billion in 2024 at a significant CAGR of 16.8% during the forecast period from 2018 to 2024.
Factors driving the market growth are increasing demand for energy efficient solutions, control the amount of heat based on ambient temperature, emerging green building initiatives, rapid investments in setting up industrial-scale production capacities, escalating technology scalability potential, and swift emission of carbon.
Moreover, supportive government policies and growing concerns of the municipalities and government agencies toward environmental issues also augment the growth of the Electrochemical market, globally. A major trend that will hop in the Electrochromic market is an increment in use of photovoltaic-integrated Electrochromic devices in applications of smart glass.