Solar PV Glass is expected to reach 18.48 billion $ in 2022

(China Glass Network)

According to the latest report published by Markets, solar PV Glass is expected to reach 4.38 billion $ in 2017 and it is going to achieve 18.48 billion $ in 2022, with a compound annual growth rate of 33.4%.

As indicates by the report, the rise of solar PV glass is driven by the renewable energy usage in residential housings, industrial buildings and public institutions.

In practical application, the demand for public institute shows the most growing speed, resulting from large size installment of public institutions in the world. In 2016, Asia’s market dominated the solar PV glass for public institutions which comes from government’s policy support. And China, Japan, India and Korea have become the key countries in Asian Pacific region of the solar PV demand. Asian Pacific region’s solar PV glass market is expected to develop rapidly since most countries in Asia Pacific region are endeavoring for green-house gas reduction.

Additionally, AR coating is going to capture the highest compound annual growth rate among the solar PV glass market during 2017-2022.