The report “Solar Photovoltaic Glass Market by Type (AR-Coated, Tempered, TCO-Coated), Application, End User (Crystalline Silicon PV Module, Thin Film Module, Perovskite Module), Installation Technology & Region – Global Forecast to 2027″, Solar photovoltaic glass market size is projected to reach USD 21.1 billion by 2027 from USD 6.2 billion in 2022 growing at a CAGR of 27.9%.
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• 330 Market data Tables
• 47 Figures
• 237 Pages and in-depth TOC on “Solar Photovoltaic Glass Market – Global Forecast to 2027″
Some of the prominent key players are:
- Xinyi Solar Holdings Ltd. (China)
- IRICO Group New Energy Co., Ltd. (China)
- Flat Glass Group Co., Ltd (China)
- Qingdao Jinxin Glass Co., Ltd. (China)
- Dongguan CSG Solar Glass Co., Ltd. (China)
- AGC Solar (Japan)
- Nippon Sheet Glass Co., Ltd. (Japan)
Opportunity: Decreasing costs of solar systems and energy storage devices
The prices of solar systems and photovoltaic products, such as modules, glass, and mirrors have been continuously decreasing over the past few years. The installation costs of these systems are undoubtedly higher than the conventional alternatives. However, once installed, these systems require very less maintenance and incur low operational costs. A large number of players are present in the PV market. These players are constantly launching innovative and efficient products at competitive prices. This has resulted in a decline in the prices of photovoltaic products. Other factors that are leading to the drop in the prices of photovoltaic/solar systems include decreasing prices of raw materials, government subsidies, and large-scale production of photovoltaic/solar systems
Pattern glass technology accounts for the highest share of installation of solar PV glass
The market has been segmented based on installation into float glass technology and pattern glass technology. Patterned glass is largely utilized owing to its capability to concentrate energy flow into the cell. Glasses with this technology are generally coated with AR-coating for maximizing efficiency and then used in utility solar cells on a large scale. On the other hand, float glass is used in spaces wherein transmission of light is as important as absorption such as windows, facades, and canopies.
Asia Pacific is expected to have the largest market size in the global solar PV glass industry during the forecast period
Asia Pacific is projected to be the leading solar PV glass market during the forecast period. The dominance of the regional market can be attributed to the concentration of solar PV module manufacturers in the region, especially in China. According to International Energy Agency, Asia Pacific hold 90% share in the manufacture of solar modules, with China alone accounting for 74% of the global manufacturing capacity. These glasses are primarily used in solar modules, thus leading the glass demand in the region to be the highest. The presence of a robust industrial base, favorable government policies for solar energy generation, and low labor costs are factors strengthening the solar PV glass industry and attracting major players to invest in the region.
Recent Developments :
- In August 2022, Nippon Sheet Glass Co., Ltd. announced an investment for construction of a new production site in Malaysia. The new site will improve the production capacity of the company for TCO-coated solar PV glass.
- In April 2021, Borosil Renewables Ltd. announced the acquisition of two solar glass companies, Interfloat Corporation and Glasmanfaktur Brandenburg (GMB). The acquisition was made to strengthen the company’s supply chain across Europe.
