PUBLISHER: Market Research Future | PRODUCT CODE: 1596036
PUBLISHER: Market Research Future | PRODUCT CODE: 1596036
Global Solar Photovoltaic Glass Market Research Report Information by Product Type (Anti-reflective (AR) Coated, Transparent Conductive Oxide and Tempered) By Module (Crystalline Silicon Modules, Amorphous Silicon Modules and Thin Film Modules) By Application (Utility, Residential and Non-Residential), and By Region -Forecast to 2030
A compound annual growth rate (CAGR) of 21.90% is anticipated for the Solar Photovoltaic Glass Market from 2024 to 2030. Solar photovoltaic (PV) glass is a type of glass that enables structures to generate electricity by converting sunlight into electricity. It consists of semiconductor-based cells that are layered between two glass sheets. In addition to permitting the entry of natural light, PV glass provides thermal and acoustic insulation.
It has the capacity to absorb up to 95% of infrared energy and 99% of UV radiation. The glass substrate functions as a semi-transparent or transparent surface that protects the solar cells from external elements, such as grime, weather, and mechanical damage, while also allowing light to enter. Photovoltaic cells that are either incorporated into or affixed to glass substrates absorb sunlight and generate direct current (DC) power. This DC electricity can be converted into useful alternating current (AC) electricity for a variety of applications by utilizing inverters.
The solar energy market is experiencing a global expansion, with a rise in demand from both developed and developing countries. The PV glass market is presented with a substantial opportunity due to the growing adoption of solar energy as a pure and renewable power source. The demand for solar photovoltaic (PV) installations is being driven by a combination of government incentives, energy transition policies, and increasing environmental awareness, which in turn is increasing the demand for PV glass as a critical component of solar modules. Untapped markets for solar PV installations are represented by emerging economies with increasing energy demands, accelerated urbanization, and high solar irradiation levels.
The Solar Photovoltaic Glass Market has been segmented into three categories: Anti-reflective (AR) Coated, Transparent Conductive Oxide, and Tempered according to product type.
The Solar Photovoltaic Glass Market is segmented into Crystalline Silicon Modules, Amorphous Silicon Modules, and Thin Film Modules based on the module.
The Solar Photovoltaic Glass Market has been segmented by Application.
Regional Perspectives
The Solar Photovoltaic Glass market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America, as determined by region. During the forecast period, the Asia Pacific Solar Photovoltaic Glass market is anticipated to account for a substantial revenue share and maintain the highest market share.
The development of this emerging market in Asia-Pacific is being driven by the rapid expansion of solar power infrastructure, which has been facilitated by the increasing investment in renewable energy. This specialized glass is indispensable for solar panels, as it enhances energy efficiency by enhancing light transmission and durability and safeguarding the photovoltaic cells.
Furthermore, the market is being further stimulated by government incentives and subsidies for solar energy initiatives. The demand for advanced solar PV glass solutions is anticipated to increase as the Asia-Pacific region continues to lead in solar energy deployment and innovation, thereby supporting the transition to a more sustainable and energy-efficient future.
Xinyi Solar Holdings, Nippon Sheet Glass Co, Flat Glass Group Co., Ltd., Onyx Solar Group LLC, Irico Group New Energy Company Limited, and AGC are among the key participants in the solar PV glass market.