Solar Photovoltaic Glass Market: Global Industry Growth, Market Size, Market Share and Forecast 2019- 2025

Solar photovoltaic glass market is expected to grow at a considerable rate during the forecast period 2019-2025. Solar PV glass is a technology that allows converting light into electricity. It is considered as one of the essential barriers that protect solar PV cells against external damaging factors, such as dirt, water, and vapor. The glass has significant importance as it can create a major difference in the efficiency of the solar panel.

The anti reflective coating on solar panel glass can enhance the percentage of captured sunlight from solar PV cells and decrease the amount of reflected light. It encourages the strength and efficiency of solar PV panels. Solar PV glass is one of the major components used in solar PV systems as it enables to transmit as much as sunlight into the module. In addition, a standard solar panel comprises a glass casing at the panel front that enables to add protection and durability for silicon PV.

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The major factors boosting the adoption of solar PV glass include rising solar PV installations and cohesive government regulations for renewable energy sources. For instance, in January 2019, the Indian government accepted the proposal for implementation of decentralized and off-grid solar PV applications programme (phase-III). This program is intended to expand further 118 Mega Watt peak (MWp) off-grid solar PV capacity by 2020. It has a significant impact on the remote and rural areas where grid power is either not reliable or reached.

Furthermore, in November 2018, the US government approves 500 MW solar PV project in California. This is referred to as Palen Solar Project that will cover up BLM-administered lands of 1,270 hectares. This would permit to power nearly 130,000 homes and uses over 1,000 individuals during the project. This includes an on-site construction workforce of over 550 employees and will comprise a 7-mile 230-kV generation interconnection transmission line that provides power through the Southern California Edison Red Bluff Substation. The station delivers power under a purchase power agreement (PPA).

This kind of favorable support towards solar projects to meet energy requirements is a key driving force for the growth of the market.
The global solar photovoltaic glass market is segmented on the basis of type, application, and module. Based on the type, the market is further classified into a flat plate and tempered. Tempered glass is also known as toughened glass. There are particular features that make this glass ideal for the production of solar PV panels.

For instance, it is up to four times stronger as compared to standard plate glass. It is safe as when it breaks, it shatters into small pieces. This, in turn, decreases the possibility of severe injury. Both the safety and strength are required for installations of solar panels, which leads to a significant rise in the adoption of tempered glass. Additionally, based on application, the market is further classified into residential, non-residential and utility. Based on the module, the market is further segmented into thin-film solar panels, crystalline silicon solar panels, and CSP.

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Geographically, the market is further segmented into four major regions, such as North America, Europe, Asia-Pacific and rest of the world (RoW). Among these regions, Asia-Pacific was anticipated to hold the largest share in 2017. The major factors contributing to the demand for solar PV glass in the region include rising solar PV installations and stringent government regulations to reduce greenhouse gas emissions. Moreover, North America solar PV glass market has been primarily driven by the government approvals for solar projects and significant demand for clean energy sources for power generation.

The major companies in the market include AGC, Inc., Saint-Gobain Group, Borosil Glass Works Ltd., Taiwan Glass Industry Corp., Xinyi Solar Holdings Ltd. Flat Glass Group, Guardian Industries, Nippon Sheet Glass Co., Ltd., and Onyx Solar Group LLC. are significantly contributing in the market. These companies are adopting several strategies, such as merger and acquisitions, product launches, geographical expansion and collaboration, and partnership to expand market share across the globe.

Global Solar PV Glass Market-Segmentation

By Type
o Flat Plate
o Tempered

By Application
o Residential
o Non-Residential
o Utility

By Module Type
o Crystalline Silicon Solar Panels
o Thin-Film Solar Panels
o Amorphous Silicon
o Cadmium Telluride
o Copper Indium Gallium Selenide
o Concentrated Solar Power (CSP)

COMPANY PROFILES
o AGC, Inc.
o AVIC Sanxin Co., Ltd.
o Borosil Glass Works, Ltd.
o Brite Hellas S.A.
o Cardinal Glass Industries, Inc.
o Euroglas GmbH
o f I solar GmbH
o Flat Glass Group Co., Ltd.
o Guardian Industries Holdings, LLC
o Interfloat Corp.

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