Global Solar Photovoltaic Glass Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2024 –2031 |
 Market Size (Base Year) |
USD 7.56 Billion |
 Market Size (Forecast Year) |
USD 64.79 Billion |
 CAGR |
% |
| Major Markets Players |
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Global Solar Photovoltaic Glass Market Segmentation, By Type (AR Coated Solar PV Glass, Tempered Solar PV Glass, TCO Coated Solar PV Glass, Annealed Solar PV Glass, Other), Module (Crystalline Silicon PV Modules, Amorphous Silicon PV Modules, Thin Film PV Modules), Installation Technology (Float Technology, Pattern Technology), End-User (Residential, Commercial, Utility) – Industry Trends and Forecast to 2031.
Solar Photovoltaic Glass Market Analysis
Over the last few years, there has been immense growth in the chemical industry. Additionally, there has been strong development in the manufacturing sector, which have significantly contributed to the lubricants market, which further increases the overall growth.
Solar Photovoltaic Glass Market Size
Global Solar Photovoltaic Glass Market size was valued at USD 7.56 billion in 2023 and is projected to reach USD 64.79 billion by 2031, with a CAGR of 30.80% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes |
Solar Photovoltaic Glass Key Market Insights |
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Segmentation |
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Countries Covered |
U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa. |
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Key Market Players |
AGC Glass Europe. (Japan), Nippon Sheet Glass Co., Ltd. (Japan), Taiwan Glass Industry Corporation (Taiwan), Xinyi Solar Holdings Limited (China), Sisecam (Turkey), Guardian Glass (Thailand), Saint-Gobain (France), Borosil Limited (India), China-Henan Huamei Chemical Co.,Ltd., (China), Interfloat Corporation (Germany), Guangdong Golden Glass Technologies Ltd., (China), Hecker Glastechnik GmbH & Co. KG (Germany), ENF Ltd., (Germany), Emmvee Toughened Glass Private Limited (India), and Euroglas GmbH (Germany) |
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Market Opportunities |
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Solar Photovoltaic Glass Market Definition
Solar photovoltaic (PV) glass is a type of glass that converts solar energy into electricity using solar cells. It is installed on the roofs or façades of buildings to generate enough energy to power the entire structure. Solar cells are mounted between two glass panes with a specific resin filler in these glasses. Solar cells are firmly wrapped from all sides with these polymers. Each cell has two electrical connections that connect it to other cells to form a module.
Solar Photovoltaic Glass Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Demand Across End Users
Solar PV glass is expected to be quite popular, and it is gradually replacing traditional building materials in areas like windows, roofs, skylights, and facades. Furthermore, there is a large demand for solar photovoltaic glass in developing economies for the industrial and commercial sectors, which drives market growth.
The increasing awareness regarding the benefits of renewable energy solutions coupled with the incessant need to limit environmental degradation will further propel the growth rate of solar photovoltaic glass market. Additionally, laws to curb greenhouse gas emissions will also drive market value growth. The increase in demand for green building technology in residential and offices and the adoption of sustainable energy for building envelopes are other market growth determinants projected to bolster the growth of the market.
Opportunities
- Renewable Energy and Green Building Construction Technology
Furthermore, governments across multiple countries have also endeavored to encourage the adoption of renewable energy sources to extend profitable opportunities to the market players in the forecast period of 2024 to 2031. Additionally, the advent of green building construction technology, which increasingly exploits solar photovoltaic glasses as a part of sustainable construction further expand the future growth of the solar photovoltaic glass market.
Restraints/Challenges
- High Costs
On the other hand, solar PV glass technology has a high installation cost. The cost of installing solar PV glass varies by country and location, however it is often higher in emerging economies and developing countries. This factor will create hindrances for the growth of the solar photovoltaic glass market.
- Supply Chain Disruptions
Also, the low operational efficiency of photovoltaic modules is estimated to be a demerit for the solar photovoltaic glass market. Therefore, this will challenge the solar photovoltaic glass market growth rate.
This solar photovoltaic glass market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the solar photovoltaic glass market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Solar Photovoltaic Glass Market
The recent outbreak of coronavirus had a negative impact on the solar photovoltaic glass market. Lockdowns and import-export restrictions have been imposed around the world as a result of the spread of COVID-19. Due to numerous precautionary lockdowns imposed by governments to control the spread of disease, substantial interruptions in various production and supply-chain processes have resulted in significant financial losses for the market. This has invariably hampered the growth of the worldwide photovoltaic glass market. Due to supply problems, shelter-in-place restrictions, and project financing tightening, solar PV installations are expected to fall significantly in 2020. As a result, the photovoltaic glass market will grow at a slower rate than usual in the foreseeable future.
Solar Photovoltaic Glass Market Scope
The solar photovoltaic glass market is segmented on the basis of type, module, installation technology and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- AR Coated Solar PV Glass
- Tempered Solar PV Glass
- TCO Coated Solar PV Glass
- Annealed Solar PV Glass
- Other
On the basis of type, the solar photovoltaic glass market has been segmented into AR coated solar PV glass, tempered solar PV glass, TCO coated solar PV glass, annealed solar PV glass and other.
Module
- Crystalline Silicon PV Modules
- Amorphous Silicon PV Modules
- Thin Film PV Modules
The solar photovoltaic glass market has also been segmented on the basis of module into crystalline silicon PV modules, amorphous silicon PV modules and thin film PV modules. The crystalline silicon PV modules segment is projected to dominate the market share due to its high efficiency and uncomplicated manufacturing processes.
Installation Technology
- Float Technology
- Pattern Technology
On the basis of installation technology, the solar photovoltaic glass market is segmented into float technology and pattern technology.
End-User
- Residential
- Commercial
- Utility
On the basis of end-user, the solar photovoltaic glass market is segmented into residential, commercial and utility.
Solar Photovoltaic Glass Market Regional Analysis
The solar photovoltaic glass market is analyzed and market size insights and trends are provided by country, type, module, installation technology and end-user as referenced above.
The countries covered in the solar photovoltaic glass market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the solar photovoltaic glass market because of the increasing use of solar photovoltaic glass in aerospace applications within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth due to the increasing spending on research and development for applications of defense and aerospace in the emerging economies in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Solar Photovoltaic Glass Market Share
The solar photovoltaic glass market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to solar photovoltaic glass market.
Solar Photovoltaic Glass Market Leaders Operating in the Market Are:
- AGC Glass Europe. (Japan)
- Nippon Sheet Glass Co., Ltd. (Japan)
- Taiwan Glass Industry Corporation (Taiwan)
- Xinyi Solar Holdings Limited (China)
- Sisecam (Turkey)
- Guardian Glass (Thailand)
- Saint-Gobain (France)
- Borosil Limited (India)
- China-Henan Huamei Chemical Co., Ltd., (China)
- Interfloat Corporation (Germany)
- Guangdong Golden Glass Technologies Ltd., (China)
- Hecker Glastechnik GmbH & Co. KG (Germany)
- ENF Ltd., (Germany)
- Emmvee Toughened Glass Private Limited (India)
- Euroglas GmbH (Germany)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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