New Study: Solar Photovoltaic Glass Market is Booming Worldwide

Reportocean.com has recently added a new market intelligence report on the global solar PV glass market with in-depth overview, explaining about the industry scope and explains market outlook and status to 2026. The report features analysis based on opportunities, size, growth factors and restraints, technology, demand, and key market leaders while highlighting their competitive landscape and corporate strategies for the estimated timeline. It also provides market key statistics on the status of on-demand sales, manufacturers, a valuable source of guidance, direction for companies and individuals interested in the industry.

The global solar photovoltaic glass market was valued at $4.5 billion in 2018 and is anticipated to reach $37.6 billion by 2026, growing at a CAGR of 30.3% during the forecast period (2019-2026).

Photovoltaic (PV) glass integrates solar cells to convert solar energy into electricity. The solar cells are fixed between two glass panes with a filling of special resin. These resins securely wrap solar cells from all sides. Each cell is connected with two electrical connections and is attached to other cells to form a module.

Growth Factors

Supportive government regulations toward installation of solar PV plants drives the demand for solar PV glasses. In addition, growth in demand for solar systems in residential, commercial, and utility-scale boosts the growth of the solar PV glass market.

Growth Restraints

However, high cost involved in installation, storage, and purchase of solar devices is expected to hamper the growth of the market. The global solar PV glass market is yet to explore its full potential.

Market Opportunity

The rise in demand for renewable energy is expected to offer growth opportunities to the market. The market is also driven by domestic content laws and rise in photovoltaic panel installation projects, owing to expiration of federal investment tax credit (ITC).

Key Segments Covered

By Type

• Anti-reflective Coated Glass

• Tempered Glass

• TCO Glass

• Others

By End-Use Industry

• Residential

• Commercial

• Utility-scale

Based on geographical segmentation, the global solar photovoltaic glass market is segmented into:

• North America

• Europe

• Asia Pacific

• LAMEA

The list of major market players present in the global solar photovoltaic glass market are:

• Shenzhen Topray Solar Co., Ltd.

• Borosil Glass Works Limited

• Trina Solar

• JA Solar Holdings Co. Ltd

• Sharp Corporation

• Brite Solar

• Wuxi Suntech Power Co. Ltd.

• Gruppo STG

• Polysolar