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The Growing Need To Limit Carbon Emission Levels Are Projected To Boost The Global Solar Photovoltaic Glass Market
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Solar photovoltaic glass offers numerous benefits. It can be installed as part of a house. Furthermore, high temperature does not affect its performance. Solar photovoltaic glass also provides better insulation than standard glass. It is designed to reduce heat gain. The solar photovoltaic glass market is expected to expand significantly in the near future owing to the increase in the usage of renewable energy sources and implementation of stringent government regulations and policies concerning the adoption of clean energy. Governments of various countries are taking initiatives to encourage the adoption of viable energy for building materials this is anticipated to positively influence the solar photovoltaic glass market during the forecast period. Furthermore, energy generated by solar photovoltaic glass reduces greenhouse gas and carbon emissions and ensures energy cost savings. Increase in demand for power and lower costs associated with solar photovoltaic glass installations as compared to the conventional energy sources are estimated to offer lucrative opportunities for the solar photovoltaic glass market during the forecast period. Furthermore, increase in awareness about the benefits of renewable sources of energy and the growing need to limit carbon emission levels are projected to boost the market for solar photovoltaic glass during the forecast period.
High installation costs, increase in prices of raw materials, and need to purchase power conversion devices are factors hampering the solar photovoltaic glass market. Changing environmental conditions is another key restraint of the solar photovoltaic glass market. High technological costs in emerging regions is also likely to act as a barrier to market growth.
The solar photovoltaic glass market can be segmented based on technology module, type, and application. In terms of technology module, the solar photovoltaic glass market can be divided into crystalline silicon modules, amorphous silicon modules, thin film modules, and multi-junction modules. Based on type, the solar photovoltaic glass market can be classified into anti-reflective (AR) coated, tempered, transparent conductive oxide (TCO) coated, and others. In terms of application, the solar photovoltaic glass market can be segregated into residential, non-residential, and utility segments.
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Key players operating in the solar photovoltaic glass market include AGC Solar, Henan Huamei Cinda Industrial Co., Ltd., Borosil Glass Works Ltd., Hecker Glastechnik GmbH & Co. KG, Saint-Gobain Solar, Guangdong Golden Glass Technologies, Euroglas, Nippon Sheet Glass Co., Ltd., Sisecam Flat Glass, Taiwan Glass Ind. Corp., Xinyi Solar Holdings Ltd., and Emmvee Toughened Glass Private Limited.
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