Press release
Solar Photovoltaic Glass Market Growth and Demand By Key Players: Onyx, Nippon, Guardian Industries, Xinyi, Saint Gobain, AGC, Guangdong Golden, Borosil, Sunarc Technology, Sisecam Group, Euro Multivision India, Hecker Glastechnik
Solar PV Glass Market
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Crystalline silicon solar photovoltaic glass market is set to exceed 5-million-metric tons by 2024. High operational efficiencies and increasing R&D investments will further stimulate the business landscape. In 2017, researchers from Korea Advanced Institute of Science and Technology in collaboration with Sungkyunkwan University introduced their semi-transparent solar cell for solar windows in automobile and buildings. The perovskite integrated cell technology generates electricity and also provides smart heat management for indoor activities.
Technical and financial supports including subsidies, rebates, and asset leveraging, provided by the government bodies will further stimulate the Solar PV glass market. In 2016, the government of France granted a feed-in-tariff premium for various building-integrated photovoltaics installations (BIPV). The average reward was valued between USD 0.15/kWh to USD 0.28/kWh based on the working capacity of the systems.
Solar photovoltaic glass market for 2016 was valued over USD 2 billion and could exceed USD 3 billion by 2024.
Growth Drivers:
• Growing demand for clean fuel energy
• Favorable government incentives
• Growing solar PV installation
Annealed solar photovoltaic glass market will witness strong growth owing to its cost competitiveness, and ease of manufacturing. In 2016, a research team from the U.S. based University of Utah developed latest laser annealing technique in thin film chalcogenide PV systems with an aim to cut down overall solar manufacturing costs. Product flexibility subject to heat strengthening, ease of polishing & machining and easy cutting will further complement demand outlook.
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Stringent government policies to curb the carbon emissions coupled with increasing installation of sustainable energy sources will boost the solar PV glass market. In 2015, the government of UK introduced a target to substitute the fossil fuel fired power stations across the country with clean energy systems by 2025. The initiative will significantly support its national objective to achieve the long-term emission reduction target of 80% by 2050 with reference to 1990 levels.
Rising investments towards energy efficient technology and maintaining energy mix will drive the UAE solar PV glass market. Independent Power Project bids along with Engineering, Procurement and Construction programs lead to low LCOE’S, which will further complement the business growth.
Browse key industry insights spread across 310 pages with 744 market data tables & 11 figures & charts from the report, Solar photovoltaic glass market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/solar-pv-glass-market
Key companies operating in the solar photovoltaic glass market include Onyx, Nippon, Guardian Industries, Xinyi, Saint Gobain, AGC, Guangdong Golden, Borosil, Sunarc Technology, Sisecam Group, Euro Multivision India, Hecker Glastechnik, Flat Group, Interfloat Corporation, Jin Jing Group and Vidur Glass.
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Eminent participants in the solar PV backsheet market include DuPont, Isovoltaic, Coveme, Arkema, 3M, Toyo Aluminium, Madico, Hangzhou, Taiflex, Krempel, Targray, Toray, Dunmore, Astenik, and ZTT International.
https://www.gminsights.com/industry-analysis/solar-pv-backsheet-market
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