IMARC Group has recently released a new research study “Solar Photovoltaic Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of Solar Photovoltaic Glass market?
The global solar photovoltaic glass market size reached US$ 12.1 Billionin 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 41.7 Billion on by 2028, exhibiting a growth rate (CAGR) of 20.75% during 2023-2028.
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.
Who are the leading players in the Solar Photovoltaic Glass Market
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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Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
o Anti-Reflective Coated Glass
o Tempered Glass
o TCO Glass
o Others
Breakup by Module:
o Crystalline Silicon PV Modules
o Amorphous Silicon PV Modules
o Thin Film PV Modules
Breakup by End Use Industry:
o Residential
o Non-Residential
o Utility
By Geography:
· North America: (United States, Canada)
· Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
· Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
· Latin America: (Brazil, Mexico, Others)
· Middle East and Africa
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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