Research Nester published a report titled “Solar PV Glass Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalsolar PV glass market in terms of market segmentation by end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The globalsolar PV glass market is anticipated to attain a high CAGR of ~30% over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of end-user into residential, commercial, utility-scale, and others, out of which, the commercial segment is anticipated to hold the highest revenue share, as commercial buildings are replacing standard glass used in the buildings with solar PV glass. It maintains the look of the exterior, and additionally produces solar energy. The adoption of new technology amongst the end-users is estimated to boost the market growth.
The globalsolar PV glass market is projected to grow on the back of the growing acceptance of solar energy and increasing adoption of innovative technology for the production of electricity. Solar PV glasses are made up of solar cells or photovoltaic cells, which convert solar energy into electricity. The rising adoption of solar PV glass amongst the commercial buildings is estimated to boost the market growth.
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On the basis of geographical analysis, the global solar PV glass market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is growing rapidly and is estimated to record noteworthy CAGR over the forecast period, owing to the high adoption of solar energy, growing government investment in renewable energy sources, and favorable climatic conditions. Moreover, emergence of new sky scrapers in developing countries, such as, China, Japan, Vietnam, and India, is estimated to boost the regional market growth.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Adoption of Solar Energy to Boost the Market Growth
According to the International Energy Agency (IEA), solar power generation grew by 22%, crossing 720 TWh in 2019.
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Solar energy has been around, for almost a decade now, and various countries, such as, China, US, and Brazil, are utilizing solar energy tremendously. Solar photovoltaic glass is the new innovation in solar technology, where, transparent glass can convert solar energy into electricity. It eliminates the requirement of installing solar panels, which is estimated to boost the market growth.
However, lack of proper infrastructure in developing nations is expected to operate as key restraint to the growth of the global solar PV glass market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global solar PV glass market which includes company profiling of Borosil Glass Works Limited, Nippon Sheet Glass Co., Ltd., Taiwan Glass Ind. Corp., Ja Solar Holdings Co. Ltd, Onyx Solar Group LLC, Xinyi Solar Holdings Ltd., Sisecam Flat Glass, Guangfeng Solar Glass, Interfloat Corporation, and Flat Glass Co., Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global solar PV glass market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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