Solar
photovoltaic (PV) glass is an interesting technology which harnesses solar
energy for conversion to electricity. Solar PV glass is a specially made glass
which sandwiches transparent semiconductor-based PV cells. Market Research
Future's study of the global solar PV market has found the market is set to
witness expansion at a staggering CAGR of 34% during the assessment period.
Valued at USD 4.5 Bn in 2017 and is expected to grow explosively to reach a
market value of USD 19 Bn by the end of 2023.
Solar
PV glass is a recent development in the solar energy market and is making big
waves in the renewable energy sector. At the current rapid growth of adoption,
it is highly conceivable that solar PV glass may replace traditionally used
materials over the course of the coming years. Renewable energy solutions have been
gaining traction across the globe due to its many benefits and reduced reliance
on non-renewable energy making it the more sustainable option.
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Moreover,
solar PV glass technology is increasingly cost-effective due to the ongoing
R&D activities and increasing deployment of solar energy solutions. The
increased demand for environmentally conscious and sustainable sources of
energy is largely due to the production of harmful emissions and other issues
which have contributed to poor air quality among other problems. The need to
reduce the global carbon footprint is highly encouraging of the global solar PV
market over the assessment period. Several factors are expected to help improve
growth over the market, including the presence of government support for the
adoption of renewable energy technology and the growth of green building
construction projects.
Solar PV Glass Market Segmentation
Segmentation
of the global solar PV market has been performed, in MRFR's report, on the
basis of type, module, application, and region. Types have been segmented into
anti-reflective (AR) coated, transparent conductive oxide, tempered, and
others.
Module
has been segmented into crystalline silicon modules, amorphous silicon modules,
thin-film modules, and others.
Applications
of solar PV glass have been segmented to include residential, utility, and
non-residential.
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Solar
PV Glass Market Regional
Analysis
The
global solar PV glass market covers North America, Europe, Asia Pacific and the
Rest of the World. Europe is expected to come out ahead and dominate the market
with the largest share of the global market due to the high environmental
awareness in the region. Moreover, the governments in this region, display
strong support and encouragement for the adoption of renewable energy
technologies. This is expected to drive the European solar PV glass. Moreover,
solar energy technology is cheaper in developed economies. However, emerging
economies in the APAC are very promising as this region receives high among of
solar energy and the use of solar energy can be really beneficial. Although
costs are higher in developing markets, the long terms benefits are difficult
to ignore and the market in the APAC is expected to grow considerably.
Key Players
MRFR
has also covered the competition in the market and included the strategic
market activities and market share of leading market players such as
Saint-Gobain S.A, Guardian Industries, First Solar Inc., Hanwha Q CELLS Co.,
Nippon Sheet Glass Co. Ltd., Yingli Green Energy Holding Company Ltd., Sun
Power Corporation, Xinyi Solar Holding Ltd. and ReneSola Ltd.
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About Market Research
Future:
MRFR
team have supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help to answer all their most important
questions.
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