IMARC Group, a leading market research company, has recently releases report titled “Solar Photovoltaic Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global solar photovoltaic glass market size, share, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Solar Photovoltaic Glass Market
Solar photovoltaic (PV) glass represents a specially engineered construction glass that uses transparent semiconductor-based PV or solar cells to convert solar energy into electricity. Generally installed on windows, skylights, roofs, or façades, these types of mirrors are used to generate energy to power an entire building. A super transparent float glass is used for thin film solar cells, whereas an ultra-clear figured mirror cover is utilized for crystalline silicon photovoltaic cells. As solar PV glass technology uses sustainable sources of power, it is gaining traction across the globe while gradually replacing conventional building materials in the residential and commercial segments.
How Big Is the Solar Photovoltaic Glass Market?
The global solar photovoltaic glass market size reached US$ 178.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 211.9 Billion by 2028 exhibiting a CAGR of 12.1% during 2023-2028.
Solar Photovoltaic Glass Market Trends and Drivers:
The shifting preferences for green construction, on account of an enhanced focus on sustainable development, are primarily augmenting the solar photovoltaic glass market. Furthermore, the launch of numerous favorable government initiatives supporting the erection and upgradation of solar PV plants to promote the use of clean energy is positively influencing the global market. Apart from this, continuous product innovations, such as the introduction of more efficient and ergonomic photovoltaic glass variants with superior thermal insulation, are acting as significant growth-inducing factors. Moreover, the reduced production costs of solar PV mirrors, owing to the increasing deployment of feed-in tariff (FIT) programs, are also bolstering the market growth. Besides this, the growing concerns regarding the depletion of fossil fuels and the rising need to limit environmental degradation are further catalyzing the global market. Additionally, extensive research and development (RD) activities by market players are expected to drive the solar photovoltaic glass market in the coming years.
Global Solar Photovoltaic Glass Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: 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.
The report segmented the market based on type, module and end use industry.
Breakup by Type:
- Anti-Reflective Coated Glass
- Tempered Glass
- TCO Glass
Breakup by Module:
- Crystalline Silicon PV Modules
- Amorphous Silicon PV Modules
- Thin Film PV Modules
Breakup by End Use Industry:
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa