According to Market Research Future (MRFR), the global Dynamic Glazing Market is expected to grow with 10% CAGR from 2022 to 2030
Dynamic glazing uses electrochromic technology to darken the inside of a piece of glass. This technology allows a thin coating to be modified from transparent to tinted when a small DC voltage is applied. The most growing example of this technology is seen in eyeglasses that darken when one goes outside. Dynamic glass for architectural applications maintains four distinct rates of tint corresponding to 4%, 20%, 40%, and 60% of visible light transmission (Tvis), respectively. The ground-breaking architectural glazing approach supports a reduced carbon footprint, aims to gain LEED certification, and dramatically decreases energy costs. Dynamic glazing substantially decreases the required HVAC unit size and thus its carbon footprint by reducing the solar heat gain (the amount of heat that reaches the glass structure naturally from the sun). Dynamic glass can be connected to an automatic building management system, a home automation system, or even controlled independently from a mobile device. Dynamic glass is powered by a low voltage system. This makes the glass energy efficient and easy to mount.
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Market Dynamics
The dynamic glazing market is mainly driven by growing investment in the construction of commercial buildings. Dynamic glazing helps reduce energy consumption and facilitates a sustainable building infrastructure design. Dynamic glazing facilitates dynamic control of enclosure light and heat flow, resulting in considerably more energy savings than comparable static solutions. Dynamic glazing allows the occupant to monitor the ambient atmosphere by tinting the window either by flipping the switch or by increasing and lowering the shade placed between glass panes, which drives the growth of the business.
Segmentation
The global dynamic glazing market has been segmented into technology and end-user.
Based on technology, the segment is further divided into thermochromic and electrochromic. The thermochromic segment is expected to rise significantly during the forecast era. Thermochromic glazing is a form of dynamic glazing technology that can adjust the visible light transmission with the intention of reacting to changes in the environment. The occupant has little control over the tint level of the glass in this form of dynamic glazing. The electrochromic segment is expected to rise the fastest in the forecast era. Electrochromic has the potential to reversibly adjust its visible light transmission and the coefficient of solar heat gain by the touch of a button or in response to sensors. The obtainability of larger size electrochromic glazing glass, higher volumes, better exterior color aesthetics, and non-rectangular shapes have further contributed to the growth of the electrochromic segment in the dynamic glazing industry.
On the basis of end-users, the global dynamic glazing market is segmented as residential, industrial, transport, and others. The commercial segment is projected to rise the fastest in the forecast era. This development can be attributed to rapid changes in the construction of commercial buildings and offices. Dynamic glazing is also commonly used for industrial purposes in the maritime, hospitality, aviation, and other industries.
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Regional Analysis
The global dynamic glazing market has been segmented, by region, into the Americas, Europe, the Asia Pacific, and the Middle East & Africa.
Europe dominates the dynamic glazing market due to the high popularity of dynamic glass as a construction material and the massive investment in this area by key players such as Saint-Gobain SA.
North America is also seeing steady growth due to strong government policies for energy-efficient goods and the involvement of key industry players such as Guardian Industries and Corning Inc.
Throughout the Asia Pacific, however, the competitive glazing market is booming due to the growing demand for energy efficiency, heat & light control, and automatic shading, which will generate more revenue, thereby contributing to market growth.
Key players
The key players of the global dynamic glazing market include GlasNovations, Ltd. (U.K.), Guardian Industries (U.S.), Pleotint LLC (U.S.), Beautex Industries Pvt. Ltd (India), GPD Group (U.S.), Corning Inc. (U.S.), Saint-Gobain S.A (France), Research Frontiers, Inc. (U.S.), PPG Industries, Inc. (U.S.), Nippon Sheet Glass Co., Ltd.(Japan), and others.
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