Solar Photovoltaic Glass Market Share, Analysis 2022, Business Outlook & Forecast Till 2027

At 22.50% CAGR, Global Solar Photovoltaic Glass Market Share & Size to Surpass US$ 34.88 Billion by 2027 | Industry Trends, Growth, Share, Opportunities, Statistics, Analysis & Forecast Report by IMARC

Global Photovoltaic Glass Market Overview (2022-2027)
• Historical Market Size (2021): US$ 9.32 Billion
• Forecast CAGR (2022-2027): 22.50% CAGR
• Forecast Market Size (2027): US$ 34.88 Billion

Covid-19 Impact:

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.

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What is a Solar Photovoltaic Glass Market?

Solar photovoltaic (PV) glass is a specially engineered construction glass that converts solar energy into electricity using transparent semiconductor-based PV or solar cells. It is commonly used to produce energy that can be utilized to power an entire building and is usually installed on windows, skylights, roofs, and façades.

An ultra-clear figured glass cover is employed for crystalline silicon solar cells, whereas a super clear float glass is utilized for thin film solar cells. Since it uses sustainable energy sources, solar PV glass technology is gaining immense traction across the globe for replacing conventional building materials in the commercial and residential sectors.

What are the major market drivers in the Solar Photovoltaic Glass Market : 

The global solar photovoltaic glass market is primarily driven by the rising preference for green construction due to an increased focus on sustainable development. Moreover, numerous product innovations, such as the introduction of more efficient and ergonomic PV glass variants with superior thermal insulation, are positively influencing the market growth.

Additionally, several favorable initiatives by governments of various countries supporting the development and upgradation of solar PV plants to promote the use of clean energy are other major growth-inducing factors. Besides this, the declining production costs of solar PV glass due to the increased deployment of feed-in tariff (FIT) programs have catalyzed market growth.

Other factors, including ongoing research and development (R&D) activities, increasing concerns regarding the depletion of fossil fuels, and rising environmental consciousness, are also anticipated to drive the market further.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Type:

• Anti-Reflective Coated Glass
• Tempered Glass
• TCO Glass
• Others

Breakup by Module:

• Crystalline Silicon PV Modules
• Amorphous Silicon PV Modules
• Thin Film PV Modules

Breakup by End Use Industry:

• Residential
• Non-Residential
• Utility

Based on the end-use sector, the report finds that the Energy sector dominates the market. There are many ongoing development projects undertaken by various nations, which require a continuous flow of electricity. Owing to this, there is a rising demand for power inverters in this sector.

Regional Insights:

• Asia Pacific
• North America
• Europe
• Middle East and Africa
• Latin America

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

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.

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