Market Analysis: Solar Photovoltaic Glass Market
The global solar photovoltaic glass market accounted for USD 4.39 billion in 2016 and is projected to grow at a CAGR of 33.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Solar Photovoltaic Glass Market
Solar PV glass enables the conversion of light into electricity. Solar PV glass is formed by placing the solar PV cells on the panel of glass. Solar PV glass is majorly used in residential, non-residential and utility.
Major Market Drivers:
- Supportive policies and initiatives by Governments
- Increasing demand for solar systems in residential applications
- Stringent regulations pertaining to the adoption of the clean energy
Market restraint: Solar Photovoltaic Glass Market
- High costs involved in the installation, storage, and purchase of power conversion devices
Market Segmentation: Solar Photovoltaic Glass Market
The solar photovoltaic glass market is segmented on the basis of type into AR Coated Solar PV Glass, Tempered Solar PV Glass, TCO Coated Solar PV Glass, and Other Solar PV Glass types. The AR Coated Solar PV is expected to grow at the highest CAGR over the forecast period.
On the basis of application, the market is segmented into residential, utility, and non-residential. Utility segmentis expected to grow at the highest CAGR over the forecast period.
On the basis of end users, the market is segmented into Crystalline Silicon PV Modules, and Thin Film PV Modules.
On the basis of geography, the solar photovoltaic glass market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacific is expected to dominate the market.
Competitive Landscape : Solar Photovoltaic Glass Market
The global solar photovoltaic glassmarket is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors : Solar Photovoltaic Glass Market
Some of the major players in the solar photovoltaic glass market include AGC Solar, Nippon Sheet Glass Co., Ltd., HeckerGlastechnik GmbH & Co. KG, Euroglas, Emmvee Toughened Glass Private Limited, F solar GmbH, Taiwan Glass Ind. Corp, Xinyi Solar Holdings Ltd, Sisecam Flat Glass, Guardian Glass, Saint-Gobain Solar, Flat Glass Co., Ltd, Guangdong Golden Glass Technologies, Henan HuameiCinda Industrial Co., Ltd., Interfloat Corporation and many more.
Research Methodology : Solar Photovoltaic Glass Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted 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 can 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. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.