Solar Photovoltaic Glass Market is valued at USD 5.37 Billion in 2019 and expected to reach USD 21.36 Billion by 2025 with the CAGR of 21.80% over the forecast period.
Increase in environmental issues as well as inclination towards renewable energy sources, benefits of renewable energy and the construction of green buildings are the major factors stimulating the growth of the global solar photovoltaic glass market
Scope of Global Solar Photovoltaic Glass Market Report–
Photovoltaic solar glass (PV) is a technology that integrates photovoltaic cells based on transparent semiconductors (called solar cells) that convert sunlight into electricity. These solar cells are integrated between two glass plates and are used in photovoltaic applications in the form of crystalline silicon or thin layers. For crystalline silicon solar cells, photovoltaic solar cells use ultra-transparent colored glass as a cover layer and for thin layer solar cells, use ultra-transparent float glass. Buildings that use a lot of PV glass can generate some of their own electricity through windows. The photovoltaic energy generated is considered as green or clean electricity because its source is renewable and does not cause pollution. The electrical energy generated by photovoltaic solar cells reduces the carbon footprint and greenhouse gas emissions, and also guarantees savings in energy costs. Compared to the cost of other renewable energy systems, the operating and maintenance costs of photovoltaic panels are considered low and almost negligible. Photovoltaic solar glass can be easily integrated into buildings and roofing systems, thereby generating renewable energy through the economical use of solar energy and a creative architectural design.
Global solar photovoltaic glass market is segmented on the basis of type, applications, technology and region. Based on the type, the market is segmented into anti-reflective coated glass, tempered glass, TCO glass and plate. Based on technology module, the market is segmented into crystalline silicon modules, amorphous silicon modules, thin film modules, and multi-junction modules. Based on application, the market is segmented into residential, commercial and utility.
The regions covered in this Solar Photovoltaic glass market report are North America, Europe, Asia-Pacific and Rest of the World. Based on the country level, market of Solar Photovoltaic glass market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Solar Photovoltaic Glass Market Report–
Borosil Renewables Limited
Shenzhen Topray Solar Co., Ltd.
Targray Technology International
Onyx Solar Group LLC
AGC Glass Europe
Wuxi Suntech Power Co. Ltd.
Global Solar Photovoltaic Glass Market Dynamics-
Increase in environmental issues have driven people to become more and more inclined towards renewable energy sources, which could help the growth of the global solar photovoltaic glass market during the forecast period. Favorable government regulations, such as the “Kyoto Protocol”, which focusses on promoting the use of photovoltaic solar panels, thereby reducing carbon emissions, and are expected to further promote the market for photovoltaic solar glass in future. In addition, according to “World Green Building Trends 2016”, due to customer demand, environmental regulations and increased awareness of the benefits of renewable energy, the construction of green buildings is expected to double every three years. As per international renewable energy agency, solar photovoltaic would generate a quarter (25%) of the total electricity requirement globally, becoming one of prominent source of generation by year 2050. However, the main constraints to the growth of the global photovoltaic solar glass market include changes in environmental conditions and high technological costs in emerging and less developed countries. Although photovoltaic technology is cost effective and an appropriate choice for various end-use applications, the high investment costs associated with photovoltaic installations and relatively poor installation and maintenance practices will limit the overall deployment of photovoltaic systems. Increase in demand for power and lower costs as compared to the conventional energy sources is estimated to offer lucrative opportunities for the solar photovoltaic glass market.
Asia pacific is expected to Witness a Fastest Growth in the Global Solar Photovoltaic glass Market
Asia pacific has been the market leader so far and is expected to remain dominant in future in the global Solar Photovoltaic glass market majorly due to rapid increasing development of renewable energy to cope up with the increase in electricity demand from countries such as China, India, Japan, and South Korea. China’s goal is to increase its level of intelligent manufacturing in photovoltaic base materials, solar cells and their components, which will further expand the market for photovoltaic solar glass. In addition, government initiatives and policies in countries like India and Vietnam to promote the adoption of solar energy have further fueled market growth. As part of the national solar mission, the Indian government aims to promote the long-term goal of producing solar energy, which is to increase by 20,000 megawatts of grid-connected solar energy by year 2022, formulating measures such as a specific solar RPO as part of the national pricing policy and measures to implement the solar parks in various cities. North America will also experience substantial growth, with the U.S. government imposing a 30% tariff on imported solar panels and solar cells in 2018, which has led to the growth of the U.S. solar panel manufacturing industry, which favored the growth of the photovoltaic solar glass market in this country.
Key Benefits for Global Solar Photovoltaic glass Market Report–
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Solar Photovoltaic glass Market Segmentation:–
By Type: Anti-reflective Coated Glass, Tempered Glass, TCO Glass, Plate
By applications: Residential, Commercial, Utility
By Technology module: Crystalline silicon modules, Amorphous silicon modules, Thin film modules, Multi-junction modules
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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