MarketResearchNest.com adds “Global Electrochromic Storage Devices Market 2017-2021” new report to its research database. The report spread across 63 pages with table and figures in it.
Research analysts forecast the global electrochromic storage devices market to grow at a CAGR of 12.10 % during the period 2017-2021.
About Electrochromic Storage Devices
Electrochromic storage devices are gradually attracting significant interest in the construction sector. One of the most important applications of electrochromic storage devices is smart windows. Smart windows consist of transparent rocking chair batteries that have a pair of intercalation layers on the transparent conducting glass. The layers are separated by an ion-conducting electrolyte. Electrochromism refers to evocating the alteration of color by passing a current or applying a potential voltage to special materials. The process has significantly advanced in the recent years, resulting in its widespread application. Electrochromic energy storage devices have the feature of changing color because of the incorporation of electrochromic materials in them. They are used in many applications, such as electrochromic mirrors, electrochromic windows, and electrochromic displays. The various display applications that use electrochromic materials include electrochromic paper, goggles, and motorcycle helmet visors.
Covered in this report
The report covers the present scenario and the growth prospects of the global electrochromic storage devices market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of electrochromic storage devices.
Browse full table of contents and data tables at https://www.marketresearchnest.com/global-electrochromic-storage-devices-market-2017-2021.html
The market is divided into the following segments based on geography:
Technavio’s report, Global Electrochromic Storage Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Electrochromic Storage Devices Market 2017-2021
Technavio recognizes the following companies as the key players in the global electrochromic storage devices market: PPG, Gentex, and Plansee.
Other Prominent Vendors in the market are: ChromoGenics, EControl-Glas, prelonic technologies, SAGE Electrochromics, and View.
Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is Innovations in fragile coating-based electrochromic storage devices. In the current scenario, an electrochromic glass comes as a complete solution, where the entire window is coated with a layer of electrochromic metal oxide. This increases the overall cost of electrochromic windows. Scientists are focusing on developing an electrochromic technology, where a fragile coating can be applied to an existing window glass. This will significantly reduce the cost of the process. The coating will be like a reel of self-adhesive plastic that users can stick on the existing windows in homes or offices. This will help in reducing the installation costs, lowering the impact of the challenge associated with high installation costs. It will result in higher revenue generation in the electrochromic storage devices market.”
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According to the report, one of the major drivers for this market is Demand for energy-efficient homes. Electrochromic storage devices are used on doors, windows, roofs, and in smart and energy-efficient homes, such as zero energy homes. The increased demand for electrochromic windows, glasses, and roofs in various sectors, such as residential and commercial, is because they help in the efficient storage of energy. An electrochromic material has the characteristic to change color when exposed to heat and light. This makes these devices the preferred choice for many smart homes. Electrochromic storage devices can be controlled with a button. These devices are integrated into a glass or added to a glass. When they are switched on, they use the energy stored in the glass or the external energy and change the amount of heat and light that passes through the glass. The increased demand and adoption of electrochromic devices in commercial places will drive the market.
Further, the report states that one of the major factors hindering the growth of this market is High cost of electrochromic storage devices. The high cost of electrochromic storage devices is a major challenge for the market. A glass printed with electrodes and fancy metal coatings is more expensive to install compared with ordinary glasses. A single large window glass equipped with electrochromic storage devices may cost as much as $1,000. Therefore, the majority of the population worldwide prefers using traditional methods to control heat and light instead of using electrochromic storage devices.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain