Analysis of Solar Photovoltaic Glass Market - Global Industry Insights, Trends, 2017-2025
Anti-reflective coating reduces reflection, which in turn, increases the amount of light absorbed by the solar cells. This results in increased energy production. TCO coated glass optimizes light transmission into the solar modules. Tempered glass is strongest glass, which is made by heating glass to 600OC and then cooling it with airflow. Use of such tough glass, makes PV glass strong enough to sustain environmental factors such as stormy and rainy weather.
Solar PV glasses are used in both residential and non-residential applications. However, high installation cost involved with solar photovoltaic glass is further hindering growth of the solar photovoltaic glass market. Furthermore, R&D and innovation is expected to result in the development of low-cost production of solar PV glass, in turn, reducing costs of such glass, thus is expected to gain more traction. This in turn, is expected to boost market growth. Increasing number of government initiatives such as Paris Climate Agreement to provide solar energy, is influencing growth of this market.
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Asia Pacific is the fastest-growing market for solar photovoltaic glass. The growing population and insufficient energy supply in the region is expected to boost demand for PV glass, in turn, creating a lucrative environment for market growth. China is the growth engine in the region, according to the International Energy Agency (IEA), China installed over 34 GW of solar capacity in 2016 to mark itself as the leading user of solar panel in the world. Also, Japan witnessed a 4.3% growth in solar energy production in 2016, according to Japan Ministry of Economy, Trade and Industry. The European Union aims to meet 12% of its energy requirements using photovoltaic glass by 2020. This is expected to provide significant growth to the market in Europe.
Increasing adoption of this PV glass, helps block heat, in turn reducing air-conditioning costs. Variance in photovoltaic efficiency and light penetration among these products enables multiple options for architectural design. Thus the demand for PV glass is rapidly increasing in the architectural sector. Major challenge faced by this market includes high capital expenditure for installation of solar energy equipment. Also, availability of high quality solar photovoltaic glass is a detrimental factor to market growth.
Key Players in the Solar Photovoltaic Glass Market
Key players operating in the solar photovoltaic glass market include AGC Solar, Nippon Sheet Glass Co., Ltd., Taiwan Glass Ind. Corp., Xinyi Solar Holdings Ltd., Sisecam Flat Glass, Guardian Glass, Saint-Gobain Solar, Borosil Glass Works Ltd., Flat Glass Co., Ltd., Interfloat Corporation, Guangdong Golden Glass Technologies, Hecker Glastechnik GmbH & Co. KG, F solar GmbH, Emmvee Toughened Glass Private Limited, and Euroglas.
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Solar Photovoltaic Glass Market Taxonomy
On the basis of modules, the solar photovoltaic glass market is segmented as-
Thin Film Modules
Crystalline Modules
Amorphous Modules
On the basis of type of glass, the solar photovoltaic glass market is segmented as-
Anti-reflective Coated Glass
Transparent Conductive Oxide (TCO) Coated Glass
Tempered Glass
Others
On the basis of application, the solar photovoltaic glass market is segmented as-
Residential
Building Panels
Roof Panels
Water Heaters
Cookers
Battery Chargers
Others
Non-residential
Building Panels
Roof Panels
Solar Lasers
Solar Vehicles
Space Crafts and Space Stations
Others
Utility
Solar Power Plants
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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Mr. Shah
Coherent Market Insights
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#3200
Seattle, WA 98154
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Solar PV glasses are used in both residential and non-residential applications. However, high installation cost involved with solar photovoltaic glass is further hindering growth of the solar photovoltaic glass market. Furthermore, R&D and innovation is expected to result in the development of low-cost production of solar PV glass, in turn, reducing costs of such glass, thus is expected to gain more traction. This in turn, is expected to boost market growth. Increasing number of government initiatives such as Paris Climate Agreement to provide solar energy, is influencing growth of this market.
Request for Table of Content of this Report :
https://www.coherentmarketinsights.com/ongoing-insight/toc/776
Asia Pacific is the fastest-growing market for solar photovoltaic glass. The growing population and insufficient energy supply in the region is expected to boost demand for PV glass, in turn, creating a lucrative environment for market growth. China is the growth engine in the region, according to the International Energy Agency (IEA), China installed over 34 GW of solar capacity in 2016 to mark itself as the leading user of solar panel in the world. Also, Japan witnessed a 4.3% growth in solar energy production in 2016, according to Japan Ministry of Economy, Trade and Industry. The European Union aims to meet 12% of its energy requirements using photovoltaic glass by 2020. This is expected to provide significant growth to the market in Europe.
Increasing adoption of this PV glass, helps block heat, in turn reducing air-conditioning costs. Variance in photovoltaic efficiency and light penetration among these products enables multiple options for architectural design. Thus the demand for PV glass is rapidly increasing in the architectural sector. Major challenge faced by this market includes high capital expenditure for installation of solar energy equipment. Also, availability of high quality solar photovoltaic glass is a detrimental factor to market growth.
Key Players in the Solar Photovoltaic Glass Market
Key players operating in the solar photovoltaic glass market include AGC Solar, Nippon Sheet Glass Co., Ltd., Taiwan Glass Ind. Corp., Xinyi Solar Holdings Ltd., Sisecam Flat Glass, Guardian Glass, Saint-Gobain Solar, Borosil Glass Works Ltd., Flat Glass Co., Ltd., Interfloat Corporation, Guangdong Golden Glass Technologies, Hecker Glastechnik GmbH & Co. KG, F solar GmbH, Emmvee Toughened Glass Private Limited, and Euroglas.
For More Information :
https://www.coherentmarketinsights.com/ongoing-insight/solar-photovoltaic-glass-market-776
Solar Photovoltaic Glass Market Taxonomy
On the basis of modules, the solar photovoltaic glass market is segmented as-
Thin Film Modules
Crystalline Modules
Amorphous Modules
On the basis of type of glass, the solar photovoltaic glass market is segmented as-
Anti-reflective Coated Glass
Transparent Conductive Oxide (TCO) Coated Glass
Tempered Glass
Others
On the basis of application, the solar photovoltaic glass market is segmented as-
Residential
Building Panels
Roof Panels
Water Heaters
Cookers
Battery Chargers
Others
Non-residential
Building Panels
Roof Panels
Solar Lasers
Solar Vehicles
Space Crafts and Space Stations
Others
Utility
Solar Power Plants
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com