The global solar photovoltaic glass market size reached US$ 9.32 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 34.88 Billion by 2027 exhibiting a CAGR of 22.50% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Industry Definition and Application:
Solar photovoltaic (PV) glass represents specially engineered construction glasses that utilize transparent semiconductor-based solar or PV cells to convert solar energy into electricity. They are of several types, such as anti-reflective, coated glass, tempered glass, TCO Glass, etc. These solar photovoltaic glass variants are mostly installed on roofs, windows, skylights, facades, etc., of an entire building to generate electricity. They are a renewable and sustainable source of energy that aid in reducing electricity bills and minimizing the impact on the environment. Consequently, solar photovoltaic glass models find extensive applications in residential, commercial, and industrial establishments across the global.
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The shifting preferences toward green construction, on account of the increased focus on sustainable development, are primarily driving the solar photovoltaic glass market. In addition to this, the launch of various favorable policies by government bodies across countries aimed at promoting the construction and upgradation of solar PV plants and encouraging the adoption of clean energy is further catalyzing the market growth.
Moreover, the introduction of innovative products, including ergonomic PV glasses that have higher efficacy and superior thermal insulation, is acting as another significant growth-inducing factor. Apart from this, the elevating deployment of feed-in tariff (FIT) programs that reduce production costs of solar PV glass is also positively influencing the global market.
Furthermore, the rising investments in research and development (R&D) activities by key market players, the escalating concerns about the depletion of fossil fuels, and the growing requirement to limit environmental degradation are expected to propel the solar photovoltaic market over the forecasted period.
Solar Photovoltaic Glass Market Trends and Drivers:
The expanding aerospace industry and the widespread adoption of this metal to produce aero-engines, aircraft turbines, airframes, armor plating, spacecraft, landing gear, hydraulic tubing, etc., are primarily driving the titanium alloy market. Additionally, it is also utilized in airplanes, missiles, rockets, etc., owing to its high strength-to-density ratio, resistance to seawater, low weight strength, high temperatures, etc., which is catalyzing the market growth.
Besides this, the escalating demand for titanium alloys to manufacture dental and surgical implants, such as bar connectors, orthodontic wires, denture frameworks and bases, hip joints, bone splints, pacemaker cases, etc., is acting as another significant growth-inducing factor.
Moreover, the inflating need for these alloys for producing parts of the internal combustion engine, including valves and valve springs, and the rising investments in R&D activities are positively influencing the global market. Apart from this, the growing integration of three-dimensional (3D) printing technology to develop highly ductile, super-strong, lightweight, and cost-effective metals is anticipated to fuel the titanium alloy market over the forecasted period.
The report has been segmented the market into following categories:
Breakup by Type:
Anti-Reflective Coated Glass
Breakup by Module:
Crystalline Silicon PV Modules
Amorphous Silicon PV Modules
Thin Film PV Modules
Breakup by End Use Industry:
Middle East and Africa
Key highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Historical, Current and Future Market Trends
Market Drivers and Success Factors
Structure of the Market
List of Major Key Players:
The major players in the market 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.Titanium Inc.
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