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.
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. 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 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.
Solar
PV Glass Market Regional Analysis
The global Solar
PV Glass Market Analysis 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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