Chemical and Materials

Global Solar Photovoltaic Glass Market to be Worth $ 111.6 Billion by 2026

Global Solar Photovoltaic Glass Market 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); y End-User (Residential, Commercial, Utility)

Market Analysis: Global Solar Photovoltaic Glass Market

Global Solar Photovoltaic Glass market is expected to rise to an estimated value of USD 111.6 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. Easy installation and low operating costs of solar photovoltaic systems drives the growth of the global solar photovoltaic glass market over the forecast period.

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Market Definition: Global Solar Photovoltaic Glass Market

Solar PV systems are the ones that help in the conversion of sunlight into electricity which can be used for various electrical applications. Solar PV glass is produced by placing the solar PV cells upon a glass panel focussing sunlight upon it. It is a type of highly engineered construction glass and is successfully replacing conventional building materials in windows, roofs and skylights.

Market Drivers:

  • Increase in demand and high adoption of renewable energy sources is expected to increase the growth of the target market.
  • Increasing awareness among the local people regarding the benefits of renewable energy solutions will drive the market in the future.
  • The increase in demand for green building technology in residential and offices will drive the market in the forecast period.
  • Stringent government regulations for reduction of carbon emissions will raise the regional share of the global solar photovoltaic glass market.

Market Restraints:

  • High installation costs of solar PV glass technology in the underdeveloped and emerging economies will restrain the market from growing further in the future.
  • Low operational efficiency of PV modules can hamper the sales of the global solar photovoltaic glass Market.

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Segmentation: Global Solar Photovoltaic Glass Market

  • By Type
  • AR Coated Solar PV Glass
  • TCO Coated Solar PV Glass
  • Tempered Solar PV Glass
  • Annealed Solar PV Glass
  • Others

By Module

  • Crystalline Silicon Module
  • Amorphous Silicon Module
  • Thin Film Module
  • Others

By Installation Technology

  • Float Technology
  • Pattern Technology

By End-User

  • Residential
  • Commercial
  • Utility
    • Power Plants
    • Military
    • Space
    • Defence
    • Others

Key Developments in the Market :

In April 2019, AGC Glass introduced a brand new version of AGC Glass configurator with multitude tools accompanied with new features and technology. The new product launch will help the company grow further in the competitor market

In August 2019, JA Solar Co., Ltd provided 2.5MW Goodyear solar plant situated in Malaysia with the high-efficiency PERC bifacial double-glass modules in order to enhance the production of renewable energy in Malaysia and also developing solar power for industrial, commercial and agricultural markets.

Competitive Analysis:

Global Solar Photovoltaic Glass market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Solar Photovoltaic Glass market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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