Electrochromic Glass Market Size

Electrochromic Glass Market size was valued at USD 1.83 billion in 2023 and is likely to reach USD 5.68 billion by 2036, expanding at around 9.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of electrochromic glass is estimated at USD 1.96 billion. The growth of the market can be attributed to the growing usage of electrochromic glass in the automobile industry, and rising investments for research and development in smart mirror/glass technologies around the world. Along with these, the recovery of construction sector post global coronavirus outbreak is expected to bring a hike in the demand for the product in order of its high usage in displays, windows and sunroofs. This is another crucial factor predicted to drive market growth in the coming years. Furthermore, government initiatives promoting net-zero energy buildings concept is projected to offer abundant growth opportunities to the market in the near future. According to the United States Environmental Protection Agency, U.S. and Canada signed an agreement to address building energy efficiency and emissions. The collaboration will continue a 10-year research partnership aimed at building a net-zero future.