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Solar Photovoltaic (PV) Glass Market Key Regions, With Production & Consumption, Demand, Growth, Analysis And Forecast 2023
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The power generated from the solar PV cells reduces carbon footprints and greenhouse gas emissions, and also ensures energy cost savings. Additionally, the increasing environmental concerns has led to the growing shift towards renewable energy sources, which is likely to boost the growth of solar PV glass market during the forecast period (2017-2023). The increasing solar PV installations across various nations including Mexico, India, Pakistan, Italy, Spain, the UK and South-East Asia is expected to boost the demand of solar PV glass during the forecast period. Moreover, the favorable government norms such as Kyoto Protocol Act focusing on promoting the usage of solar PV panels thereby reducing the carbon emissions is expected to further propel the market for solar PV glass during the forecast period.
Solar PV glass can be easily integrated into buildings and rooftop systems thereby creating renewable energy through the economical use of solar energy and creative architectural design.
Favorable regulations in European countries including Italy, Spain and Belgium are expected to create ample demand for solar PV glass in the regional market. Additionally, favorable climatic conditions, lower prices and the increasing availability of solar PV manufacturers in China and India is expected to drive the growth of solar PV glass in the Asia-Pacific region at a significant level during the forecast period. Additionally, the increasing demand for solar PV glass from China, Australia, Japan, India and South-East Asian countries is expected to further spike the demand for solar PV glass during the forecast period.
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The global solar PV glass market is expected to witness significant growth during the forecast period (2017-2023) due to the increasing disposable incomes, shift towards renewable energy sources owing to the increasing environment concerns and rapid industrialization and urbanization in emerging nations such as China, India, Russia and Brazil. Based on application, utility segment is projected to generate the highest revenue in global solar PV glass market during the forecast period.
The global market for solar PV glass is fragmented and highly competitive in nature. Major companies invest heavily on Research and Development (R&D) activities to develop new and innovative solutions thereby gaining foothold in the solar PV glass market. Some of the key players in the global solar PV glass market include Xinyi Solar Holding Ltd., Asahi Glass Co. Ltd., Nippon Sheet Glass Co. Ltd., Saint-Gobain S.A., Guardian Industries, Trina Solar Ltd., Canadian Solar Inc., Hanwha Q CELLS Co. Ltd., First Solar Inc., Yingli Green Energy Holding Company Ltd., ReneSola Ltd., and Sun Power Corporation.
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