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Solar Photovoltaic Glass Market report is segmented on the basis of Modules, type of glass, and application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-26
Solar Photovoltaic Glass Market - Global Industry Insights,
Opportunity Analysis, 2018-2026
Solar Photovoltaic (PV) glass is a technology that converts solar energy into electric energy,
also providing protection against environmental elements such as dust, moisture, and snow.
Solar photovoltaic glass is increasingly being used for building integrated photovoltaics. PV
glass is being integrated into buildings in the form of windows, roof panels, and building
panels. Potential applications of solar PV glass include smartphones, vehicles, and
greenhouses. This glass helps reduce the carbon footprint, which helps maintain
environmentally-friendly standards of clean energy. Increasing demand for clean energy,
due to growing awareness regarding global warming in turn, is increasing the demand for PV
glass, thus boosting growth of the market.
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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.
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.
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.
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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apeksha motghare
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