Solar Photovoltaic Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
The global solar photovoltaic glass market size reached US$ 9.32 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 34.88 Billion by 2027, exhibiting a growth rate (CAGR) of 22.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Solar photovoltaic (PV) glass is a specially engineered construction glass that utilizes transparent semiconductor-based PV or solar cells to convert solar energy into electricity. Usually installed on windows, skylights, roofs or façades, these types of glass are extensively used to generate energy that can be used to power an entire building. A super clear float glass is used for thin film solar cells, whereas an ultra-clear figured glass cover is used for crystalline silicon solar cells. As solar PV glass technology utilizes sustainable sources of energy, it is rapidly gaining traction across the globe while gradually replacing conventional building materials in the residential and commercial segments.
Solar Photovoltaic Glass Market Trends:
The global market is majorly driven by the increasing preference for green construction due to an enhanced focus on sustainable development. In line with this, numerous favorable government initiatives supporting the construction and upgradation of solar PV plants to promote the adoption of clean energy are providing an impetus to the market growth. Continual product innovations, such as the development of ergonomic PV glass variants having higher efficacy and superior thermal insulation, are also acting as significant growth-inducing factors for the market on the global level. Apart from this, the reduced production costs of solar PV glass due to the rising deployment of feed-in tariff (FIT) programs are creating a positive outlook for the market. Other factors, such as extensive research and development (R&D) activities, the growing concerns regarding the depletion of fossil fuels, and the escalating need to limit environmental degradation, are further creating lucrative growth opportunities for key players operating in the global market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global solar photovoltaic glass market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, module and end use industry.
Breakup by Type:
Anti-Reflective Coated Glass
Breakup by Module:
Crystalline Silicon PV Modules
Amorphous Silicon PV Modules
Thin Film PV Modules
Breakup by End Use Industry:
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being AGC Glass Europe (AGC Inc), Borosil Limited, Compagnie de Saint-Gobain S.A., Flat Glass Group Co. Ltd., GruppoSTG, Interfloat Corporation, Kaneka Corporation, Nippon Sheet Glass Co. Ltd., Shenzhen Topraysolar Co. Ltd., Sisecam, Taiwan Glass Industry Corporation and Xinyi Solar Holdings Limited.
Key Questions Answered in This Report:
How has the global solar photovoltaic glass market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global solar photovoltaic glass market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the module?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global solar photovoltaic glass market and who are the key players?
What is the degree of competition in the industry?
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