Electrochromic
storage devices consist of Electrochromic materials which can change
their optical properties when subjected to electric potential.
Electrochromic storage devices follows the principle of
electroluminescence wherein certain materials emit light in response
to an electric current passing through it. Smart windows are one of
the most important applications of Electrochromic storage devices, it
can be used to save energy and to reduce the solar radiation. Smart
windows are the future for connected home that can provides both
economic and environmental advantages. Transmission and reflection
are the two important modes used in devices which utilizes
electrochromic color modulation. In transmission or transmittance
mode, the intensity of light passing through the windows are
controlled by the conducting electrode, this mode is used in smart
windows. In reflection mode, the conducting electrode is replaced by
a reflective surface which controls the light intensity. The
reflection mode is used in rear view mirrors of cars. Electrochromic
storage devices can change its transmittance under different voltage
levels. Smart windows one of the important applications have three
switching modes. At normal conditions, it allows both heat and light
to enter through the glass. At cooling mode, it blocks heat and only
allows light to pass through the smart windows, which helps to cool
down the room temperature and also saves energy. At dark mode, it
blocks both heat and light to pass through the glass. These switching
modes enables the window to operate in various weather condition
which is helpful for energy savings and comforts. For Instance,
Boeing has installed Electrochromic devices in their ‘Dreamliner’
aircraft with 5-level modes. Electrochromic storage devices are
widely used in electrochromic windows for home and commercial use,
car mirrors for reduce light reflections and in eyewear i.e. in
motorcycle helmet visor.
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There
are various factors which are driving the growth of Electrochromic
storage devices market. The increasing growth of smart windows in
aeroplanes is one of the key driver in the growth of electrochromic
storage device market. There are also other factors such as use of
smart windows in both home & commercial purpose and the
increasing demand for energy efficient homes, these factors to
further drive the electrochromic
storage device markets. Scientist are also experimenting the use
of solar cells with the storage devices in order to save electricity
instead of allowing the lights to be reflected back from the smart
windows. However, there are some major restraints such as high cost
of electrochromic storage devices can lead to use of substitute
product or increasing in strategic raw material cost prices can
hinder the growth of electrochromic storage devices market.
The
Electrochromic storage device market can be segmented by material, by
sector and by geography. By material can be further segmented as
metal oxides, conducting polymers, in-organic oxides and others. By
sector, it can be sub-segmented as commercial, transportation,
residential and others
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