Solar photovoltaic (PV) glass is used for conversion of solar (light) energy to electric energy. Transparent semiconductor based photovoltaic cells (also known as solar cells) are incorporated in the glass. Solar cells are sandwiched in between two glass sheets for conversion of the energy. The power generated from the solar PV cells is used for reduction of carbon footprints and greenhouse gas emissions. The global solar photovoltaic glass market is expected to grow at a CAGR of 34% during the forecast period of 2016-2023. Increasing demand for renewable energy generation is adding growth in the global solar photovoltaic glass market during the forecast period. The advantages of solar photovoltaic glass include reduction in carbon emissions, pollution management, cost savings etc. Solar photovoltaic glass can be easily installed into buildings and rooftop systems which helps in economical usage of solar energy.
Increasing demand for renewable energy generation is acting as major driving factor for the global solar photovoltaic glass market during the forecast period. Rise in demand for electricity generation globally is increasing the need for renewable energy generation. According to United States Energy Information Administration (EIA), net electricity generation globally will increase to 69% by 2040 from 25.8 trillion kWh in 2020 to 36.5 trillion kWh in 2040. This will add growth in the renewable energy generation therefore growing global solar photovoltaic glass market during the forecast period. According to Sustainable Energy for All (SEforALL), $8 trillion (two thirds of the total spent on new power generation capacity) between 2016 and 2040 will be invested in renewable energy technologies. Moreover, costs of solar will fall by 47% by 2040. This will add growth in the global solar photovoltaic glass market during the forecast period.
Source: OBRC Analysis
The report on global solar photovoltaic glass market is segmented on the basis of its segments which include type, end user and applications.
Types of solar photovoltaic glass include:
- Anti reflective
- Tempered
- Transparent conductive oxide coated
- Others
End user segment of solar photovoltaic glass is sub divided as:
- Crystalline silicon PV modules
- Thin film PV modules
The applications of solar photovoltaic glass include:
- Non residential
- Residential
- Utility
The report scope is widely categorized on the basis of its segments such as type, end user and applications. Moreover, the market revenue estimates and forecast includes only the solar photovoltaic glass systems. However, report scope excludes other renewable energy systems.
Geographically, the global solar photovoltaic glass market report has been segmented in:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
Asia Pacific accounted for the largest market share in terms of revenue for the solar photovoltaic glass market in 2016 and the region is expected to dominate the market during the forecast period. Presence of countries such as China, India, Japan and South Korea are the key contributors for the high demand for solar PV glass in the Asia-Pacific region. Moreover, Asia Pacific is expected to be the fastest region for solar photovoltaic glass market during the forecast period. The highest growth during the forecast period is witnessed owing to increasing demand for solar energy as well as initiatives taken by governments of different countries of the Asia-Pacific region to reduce the emission of greenhouse gases. Furthermore, introduction of renewable energy sources for generation of electricity is also contributing to the growth of the global solar photovoltaic glass market in Asia Pacific during the forecast period.
Global solar photovoltaic glass market report covers segmentation analysis of type, end user and applications. Report further covers segments which includes anti-reflective, tempered, transparent conductive oxide coated and others. Anti reflective held the largest share of global solar photovoltaic glass market in 2016 and is expected to dominate the segment during the forecast period owing to its increasing applications in photovoltaic (PV) modules due to its high power and energy output. This enhances the efficiency and reduces the production costs of the solar modules. The applications of solar photovoltaic glass include non residential, residential and utility. Utility held the largest share of global solar photovoltaic glass market in 2016 and is expected to dominate the segment during the forecast period owing to increase in number of utility scale solar power plant installations globally. Moreover, increasing government initiatives of harness solar energy is expected to drive the growth of the utility application segment during the forecast period. Furthermore, the end user segment of solar photovoltaic glass is sub divided as crystalline silicon PV modules and thin film PV modules.
The major market players of the global solar photovoltaic glass market are:
- AGC SOLAR
- NIPPON SHEET GLASS CO. LTD.
- TAIWAN GLASS IND. CORP.
- XINYI SOLAR HOLDINGS LTD.
- SISECAM FLAT GLASS
- OTHERS
These companies using various strategies such as merger & acquisition, collaboration, partnership and product launch whereas, product launch is the key strategy adopted by the companies in the global solar photovoltaic glass market.
For example: In 2017, Sun partner Technologies launched its semi transparent photovoltaic glass. This product is installed at buildings in an architectural project.
The report covers detailed analysis of companies which comprises overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in the global solar photovoltaic glass market.
Key reasons to buy the report:
- The report includes market estimation, forecast and analysis for the year 2016-2023 of the global solar photovoltaic glass market.
- Report includes detailed analysis of different segments such as type, end user and applications of the global solar photovoltaic glass market.
- Identify and understand the strength, opportunities, challenges and threat of the global solar photovoltaic glass market during the forecast period.
- Covers details analysis of Porters 5 force model and other strategic models. Also covers revenues, market share analysis and competitive landscape analysis of major players of the global solar photovoltaic glass market.
- Detailed analysis of various the regulatory policies which are affecting the global solar photovoltaic glass market during the forecast period.
How are we different from others:
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on the global solar photovoltaic glass market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the global solar photovoltaic glass market, with giving extensive SCOT analysis of key companies.
Key Findings of the global solar photovoltaic glass market:
- Increasing demand for renewable energy generation is adding growth in the global solar photovoltaic glass market during the forecast period.
- Asia Pacific held highest revenue share in 2016 and is expected to dominate the market during the forecast period.
- Anti reflective held the largest share of global solar photovoltaic glass market in 2016 and is expected to dominate the segment during the forecast period owing to its increasing applications in photovoltaic (PV) modules due to its high power and energy output.
- Product launch is the key strategy adopted by players of the global solar photovoltaic glass market.