Solar Photovoltaic Glass Market to Witness Robust Expansion by 2026

Surge in demand for residential applications and supportive government policies for using photovoltaic technology drive the growth of the global solar photovoltaic glass market. However, high initial costs hinder the market growth. On the other hand, rise in demand for renewable energy create new opportunities in the industry.

The global solar PV glass market is segmented on the basis of type, end-use industry, and region. On the basis of type, it is divided into anti-reflective coated glass, tempered glass, TCO glass, and others. The tempered glass segment holds a dominant position in the market and anti-reflective coated glass segment is expected to grow with the highest CAGR of 31.6% during the forecast period.

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By end-use industry, the solar photovoltaic glass market trends are studied across residential, commercial and utility scale. The utility-scale segment holds a dominant position and is expected to grow with the highest CAGR of 31.4%, during the forecast period.

Based on region, Asia-Pacific contributed to the highest share, accounting for more than two-thirds of the global solar photovoltaic glass market in 2018, and is estimated to continue its lion's share during the forecast period. This is due to regulations supporting photovoltaic panel installation and rise in solar panel installations.
North America is expected to maintain the second-highest market share during the forecast period. However, LAMEA is expected to portray the largest CAGR of 31.0% from 2019 to 2026, owing to rapid surge in development of renewable power to meet the ever-rising electricity demand.

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The key players involved in the global solar PV glass market are Suntech Power Holding Co. Ltd, Sun Power Corporation, First Solar Inc, Yingli Green Energy Holding Co. Ltd, Canadian Solar Inc, Schott Solar Ag, Sharp Corporation, Solar World Ag, Jinko Solar Holding Company Ltd, and Trina Solar Ltd To stay competitive, these market players are adopting different strategies such as product launch, partnership, merger and acquisition. For instance, one of the largest solar panel manufacturers, Trina Solar announced to expand its solar manufacturing base in India.

Key Findings of the Solar Photovoltaic Glass Market :

In 2018, the Asia-Pacific market held a share of over 68% in the solar photovoltaic glass market size.

The tempered glass segment is expected to hold a dominant position in the solar PV glass market share during the forecast period.

The anti-reflective coated glass segment is projected to grow at a CAGR of 31.6% by 2026.

The Asia-Pacific region dominated the solar photovoltaic glass market in 2018 and LAMEA is expected to grow with the highest CAGR during the forecast period.

The qualitative data in the report aims on the solar PV glass market trends, dynamics, and developments in the solar photovoltaic glass industry while the quantitative data provides information about the market share and market size in terms of revenue and volume.

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