“The solar photovoltaic (PV) glass market is projected to grow at a CAGR of 33.4% from 2017 to 2022 in terms of value.”
The solar PV glass market is projected to grow from USD 4.38 billion in 2017 to USD 18.48 billion by 2022, at a CAGR of 33.4% from 2017 to 2022. Increased demand for solar photovoltaic (PV) glass from the residential, non-residential, and utility sectors is expected to fuel the growth of the solar PV glass market during the forecast period. This increased demand for solar PV glass can be attributed to the increasing awareness across the globe about the hazardous effects of carbon emissions on the environment.
“Among applications, the utility segment is projected to lead the solar PV glass market from 2017 to 2022.”
The utility application segment led the solar PV glass market in 2016. The growth of the utility application segment of the solar PV glass market can be attributed to increasing installations of utility-scale solar power plants across the globe.
“Among types, the AR coated segment is projected to lead the solar PV glass market during the forecast period.”
The AR coated type segment led the solar PV glass market in 2016. Solar PV glass offers better mechanical and electrical properties as compared to other thermoplastic films. Moreover, the manufacturers of solar cells across the globe are making efforts to enhance efficiency and reduce the production cost of solar modules. Anti-reflective (AR) coated glass is widely used in photovoltaic (PV) modules, owing to its high power and energy output.
“The Asia-Pacific region led the solar PV glass market in 2016 while the North America solar PV glass market is projected to grow at the highest CAGR between 2017 and 2022.”
The North America solar PV glass market is projected to grow at the highest CAGR during the forecast period. The growth of the North America solar PV glass market can be attributed to the increasing demand for solar energy across the globe and rising number of initiatives undertaken by governments of various countries to reduce emissions of greenhouse gases. High demand for solar energy from countries, such as the U.S. and Canada is also fueling the growth of the North America solar PV glass market. The Asia-Pacific region led the solar PV glass market in 2016.
Profile break-up of primary participants for the report:
- By Company Type: Tier 1 – 45%, Tier 2 – 35%, and Tier 3 – 20%
- By Designation: C Level – 35%, D Level – 25%, and Others – 40%
- By Region: Asia-Pacific – 23%, Europe – 51%, North America – 15%, Middle East & Africa – 7%, and South America – 4%
As a part of qualitative analysis, this research report provides a comprehensive view of the drivers, restraints, opportunities, and challenges of the solar PV glass market. It also discusses competitive strategies adopted by a number of market players, such as AGC Solar (Japan), Nippon Sheet Glass Co., Ltd. (Japan), Taiwan Glass Ind. Corp. (Taiwan), Xinyi Solar Holdings Ltd. (China), Sisecam Flat Glass (Turkey), Guardian Glass (Thailand), Saint-Gobain Solar (France), Borosil Glass Works Ltd. (India), Henan Huamei Cinda Industrial Co., Ltd. (China), Guangfeng Solar Glass (Hong Kong) Co., Ltd. (China), Flat Glass Co., Ltd. (China), Interfloat Corporation (Germany), Guangdong Golden Glass Technologies (China), Hecker Glastechnik GmbH & Co. KG (Germany), F solar GmbH (Germany), Emmvee Toughened Glass Private Limited (India), and Euroglas (Germany) to strengthen their position in the solar PV glass market.
This report defines, segments, and projects the solar PV glass market on the basis of application, type, end user, and region. It provides detailed information regarding major factors, such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the solar PV glass market. It strategically profiles the key players operating in the market and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments, such as joint ventures, mergers & acquisitions, expansions, and new product launches that take place in the market.
Reasons To Buy the Report:
This report is expected to help the market leaders/new entrants by providing them the closest approximations of revenue numbers of the solar PV glass market and its subsegments. This report is also expected to provide stakeholders with an improved understanding of the competitive landscape of the market to gain insights to improve the position of their businesses and make suitable go-to-market strategies. The report enables stakeholders to understand the pulse of the market and provides them information on the key drivers, restraints, challenges, and opportunities influencing the growth of the solar PV glass market.