Solar
PV Glass Market Insights
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.
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. Solar
PV glass is much more in vogue than its regular counterpart and could
conceivably replace traditionally used materials in a few years. Continued
rapid cost reduction in solar PV glass technology purveyed by rigorous R&D
and accelerated deployment is the economic drive which has spurred the adoption
of solar PV glass and consequently stimulated the Global Solar PV Glass Market.
Solar
PV Glass Market Segmentation
Segmentation of the global Solar
Photovoltaic Glass 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.
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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