Electrochromic Glass Market Share

On the basis of geographical analysis, the electrochromic glass market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific industry is poised to hold largest revenue share by 2036, due to growing usage of electrochromic glass by smartphone manufacturers to develop phone screens. In addition, rising household income and increasing urbanization are also expected to drive the region’s market growth in the forthcoming years. As per the data given by the World Bank, in 2020, the total urban population of the East Asia and Pacific region reached 60.695 percent, up from 59.887 percent and 59.052 percent in the years 2018 and 2019 respectively. Moreover, the market in North America is projected to hold the largest share during the forecast period ascribing to the growing concerns associated with energy consumption in buildings, and escalating adoption of the glass in the government sector in the region.