Solar Photovoltaic Glass Market Size and Share Analysis by Application, Type, End User, Installation - Global Industry Revenue Estimation and Demand Forecast to 2030

Description

Market Overview

The solar photovoltaic glass market size stood at an estimated USD 8,458.2 million in 2023 and is expected to witness a compound annual growth rate of 29.1% during 2024-2030, reaching USD 51,223.5 million by 2030.

The advancement of clean energy and the increasing encouragement by governments on the use of renewable electricity sources are some of the factors driving market growth. Solar PV glass panels are made with a thin layer of transparent semiconductor, known as the photovoltaic cell.

The world is aiming to switch from carbon-based fuels to low-carbon or less-carbon fuels and energy to meet global goals of minimizing carbon emissions and attaining a net-zero economy. Renewable sources have a lesser environmental impact and are also more readily available.

Supporting these findings, the US Energy Information Administration highlighted that residential solar power installations grew by about 34% in 2021 compared to 2020. Similarly, in the EU, the installed generation capacity of solar photovoltaic was 136 GW at the end of December 2020.

To enhance the utilization of renewable resources for electricity generation, various governments worldwide have been implementing strategies. For instance, during the Union Budget 2022-2023 in India, an estimated USD 2.57 billion was set aside to support the production-linked incentive (PLI) scheme for PV module manufacturing. Similarly, in the U.S., the Bureau of Land Management approved the Arica and Victory Pass solar plant projects in California, which will add up to 465 MW of electricity with up to 400 MW battery backing.

Key Insights

TCO-coated glass had a considerable share in recent years and is estimated to advance at a 29.8% CAGR because of its high transmission rate and haze value, making it ideal for solar photovoltaic glass.

AR-coated glass is also extensively used and projected to hold a 50% share by the end of the decade. AR coating is applied before tempering to reduce reflections.

Tempered glass, known for its strength and safety properties, is used in PV panels to prevent harm to people in case of breakage, shattering into small pieces.

Patterned technology is expected to dominate the solar photovoltaic glass market during the projection period, with a 30% CAGR.

Patterned variants allow controlled light focus on PV cells, with high transmission and low reflection for improved module efficiency.

Patterns enable easier lamination, non-blinding effects, and better aesthetics for PV modules.

Float technology involves pouring molten glass over molten tin and cooling, resulting in a smooth, distortion-free finish ideal for solar photovoltaic modules.

APAC had the largest share in 2023 and is expected to grow at a 33% CAGR during the projection period.

Countries like China, the Philippines, India, and Indonesia plan to increase solar capacities by 2030.

China is projected to account for 60% of the globally installed PV capacity of 1,500 GW by 2030, driven by numerous PV material manufacturers.

The region's demand for clean and sustainable energy sources is rising, with abundant UV radiation available.

Renewable energy sources like solar are being explored and utilized to meet the power needs of highly populous countries such as China and India.

China installed 53 GW of solar capacity in 2021, reflecting significant growth in solar capacities across countries like China, India, South Korea, and Vietnam.

Product Code: 11070

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by application
- 1.4.2. Market size breakdown, by type
- 1.4.3. Market size breakdown, by end user
- 1.4.4. Market size breakdown, by installation
- 1.4.5. Market size breakdown, by region
- 1.4.6. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Revenue, by Application (2019-2030)
6.3. Market Revenue, by Type (2019-2030)
6.4. Market Revenue, by End User (2019-2030)
6.5. Market Revenue, by Installation (2019-2030)
6.6. Market Revenue, by Region (2019-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Revenue, by Application (2019-2030)
7.3. Market Revenue, by Type (2019-2030)
7.4. Market Revenue, by End User (2019-2030)
7.5. Market Revenue, by Installation (2019-2030)
7.6. Market Revenue, by Country (2019-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Revenue, by Application (2019-2030)
8.3. Market Revenue, by Type (2019-2030)
8.4. Market Revenue, by End User (2019-2030)
8.5. Market Revenue, by Installation (2019-2030)
8.6. Market Revenue, by Country (2019-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Revenue, by Application (2019-2030)
9.3. Market Revenue, by Type (2019-2030)
9.4. Market Revenue, by End User (2019-2030)
9.5. Market Revenue, by Installation (2019-2030)
9.6. Market Revenue, by Country (2019-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Revenue, by Application (2019-2030)
10.3. Market Revenue, by Type (2019-2030)
10.4. Market Revenue, by End User (2019-2030)
10.5. Market Revenue, by Installation (2019-2030)
10.6. Market Revenue, by Country (2019-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Revenue, by Application (2019-2030)
11.3. Market Revenue, by Type (2019-2030)
11.4. Market Revenue, by End User (2019-2030)
11.5. Market Revenue, by Installation (2019-2030)
11.6. Market Revenue, by Country (2019-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Revenue, by Application (2019-2030)
12.3. Market Revenue, by Type (2019-2030)
12.4. Market Revenue, by End User (2019-2030)
12.5. Market Revenue, by Installation (2019-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Revenue, by Application (2019-2030)
13.3. Market Revenue, by Type (2019-2030)
13.4. Market Revenue, by End User (2019-2030)
13.5. Market Revenue, by Installation (2019-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Revenue, by Application (2019-2030)
14.3. Market Revenue, by Type (2019-2030)
14.4. Market Revenue, by End User (2019-2030)
14.5. Market Revenue, by Installation (2019-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Revenue, by Application (2019-2030)
15.3. Market Revenue, by Type (2019-2030)
15.4. Market Revenue, by End User (2019-2030)
15.5. Market Revenue, by Installation (2019-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Revenue, by Application (2019-2030)
16.3. Market Revenue, by Type (2019-2030)
16.4. Market Revenue, by End User (2019-2030)
16.5. Market Revenue, by Installation (2019-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Revenue, by Application (2019-2030)
17.3. Market Revenue, by Type (2019-2030)
17.4. Market Revenue, by End User (2019-2030)
17.5. Market Revenue, by Installation (2019-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Revenue, by Application (2019-2030)
18.3. Market Revenue, by Type (2019-2030)
18.4. Market Revenue, by End User (2019-2030)
18.5. Market Revenue, by Installation (2019-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Revenue, by Application (2019-2030)
19.3. Market Revenue, by Type (2019-2030)
19.4. Market Revenue, by End User (2019-2030)
19.5. Market Revenue, by Installation (2019-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Revenue, by Application (2019-2030)
20.3. Market Revenue, by Type (2019-2030)
20.4. Market Revenue, by End User (2019-2030)
20.5. Market Revenue, by Installation (2019-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Revenue, by Application (2019-2030)
21.3. Market Revenue, by Type (2019-2030)
21.4. Market Revenue, by End User (2019-2030)
21.5. Market Revenue, by Installation (2019-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Revenue, by Application (2019-2030)
22.3. Market Revenue, by Type (2019-2030)
22.4. Market Revenue, by End User (2019-2030)
22.5. Market Revenue, by Installation (2019-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Revenue, by Application (2019-2030)
23.3. Market Revenue, by Type (2019-2030)
23.4. Market Revenue, by End User (2019-2030)
23.5. Market Revenue, by Installation (2019-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Revenue, by Application (2019-2030)
24.3. Market Revenue, by Type (2019-2030)
24.4. Market Revenue, by End User (2019-2030)
24.5. Market Revenue, by Installation (2019-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Revenue, by Application (2019-2030)
25.3. Market Revenue, by Type (2019-2030)
25.4. Market Revenue, by End User (2019-2030)
25.5. Market Revenue, by Installation (2019-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Revenue, by Application (2019-2030)
26.3. Market Revenue, by Type (2019-2030)
26.4. Market Revenue, by End User (2019-2030)
26.5. Market Revenue, by Installation (2019-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Revenue, by Application (2019-2030)
27.3. Market Revenue, by Type (2019-2030)
27.4. Market Revenue, by End User (2019-2030)
27.5. Market Revenue, by Installation (2019-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Revenue, by Application (2019-2030)
28.3. Market Revenue, by Type (2019-2030)
28.4. Market Revenue, by End User (2019-2030)
28.5. Market Revenue, by Installation (2019-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. Nippon Sheet Glass Co Ltd.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. AGC Inc.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. KANEKA CORPORATION
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. Sisecam
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. Xinyi Solar Holdings Limited
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. Taiwan Glass Ind. Corp.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. Flat Glass Group CO. LTD.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. Borosil Renewables Ltd.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. IRICO Group New Energy Co Ltd.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. Onyx Solar Group LLC
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. Targray Technology International Inc.
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
30.12. Qingdao Jinxin Glass Co. Ltd.
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports