Solar Photovoltaic Glass Market | Key players operating in the market include AGC Solar, Nippon Sheet Glass, Taiwan Glass, Xinyi Solar, Sisecam Flat Glass

According to recent market research "Solar Photovoltaic Glass Market by Application (Utility, Residential, and Non-Residential), Type (AR Coated, Tempered, TCO, and Others), End User (Crystalline Silicon PV Modules and Thin Film PV Modules), Region - Global Forecast to 2022", The solar photovoltaic (PV) glass market is projected to grow from USD 4.38 Billion in 2017 to USD 18.48 Billion by 2022, at a CAGR of 33.4% from 2017 to 2022.

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Increase in the usage of the renewable sources of energy such as solar energy in residential, non-residential, and utility sectors is expected to drive the growth of the solar PV glass market during the forecast period from 2017 to 2022.

Among applications, the utility segment of the solar PV glass market is projected to grow at the highest CAGR from 2017 to 2022. The growth of the utility segment of the market can be attributed to increasing number of utility-scale solar power plant installations across the globe. The Asia-Pacific region led the utility application segment of the solar PV glass market in 2016. Rise in the installations of utility-scale solar power plants and increase in government investments to harness solar energy are expected to drive the growth of the utility application segment of the Asia-Pacific solar PV glass market.

The AR coated type segment of the solar PV glass market is projected to grow at the highest CAGR from 2017 to 2022. Anti-reflective coated glass is used in photovoltaic (PV) modules, owing to its high power and energy output. The manufacturers of solar cells across the globe are making efforts to enhance the efficiency and reduce the production costs of solar modules.

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The solar photovoltaic (PV) glass market is projected to grow from USD 4.38 Billion in 2017 to USD 18.48 Billion by 2022, at a CAGR of 33.4% from 2017 to 2022. Increase in the usage of the renewable sources of energy such as solar energy in residential, non-residential, and utility sectors is expected to drive the growth of the solar PV glass market during the forecast period. AGC Solar (Japan), Nippon Sheet Glass Co., Ltd. (Japan), Taiwan Glass Ind. Corp. (Taiwan), Xinyi Solar Holdings Ltd. (China), Sisecam Flat Glass (Turkey), Guardian Glass (Thailand), Saint-Gobain Solar (France), Borosil Glass Works Ltd. (India), Henan Huamei Cinda Industrial Co., Ltd. (China), Guangfeng Solar Glass (Hong Kong) Co., Ltd. (China), Flat Glass Co., Ltd. (China), Interfloat Corporation (Germany), Guangdong Golden Glass Technologies (China), Hecker Glastechnik GmbH & Co. KG (Germany), F solar GmbH (Germany), Emmvee Toughened Glass Private Limited (India), and Euroglas (Germany) are some of the leading players in the solar PV glass market.

The key market players in the solar PV glass market have been adopting the strategies of new product launches, mergers & acquisitions, and expansions to cater to the increased demand for solar PV glass from different end-use industries.

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In March 2016, Sisecam Flat Glass launched a new anti-reflective coated solar energy glass. The glass is manufactured in two different patterns, namely, sandy and prizma. This launch has helped the company in enhancing its product portfolio in the solar energy sector.

In February 2017, Nippon Sheet Glass (NSG) Group announced to restart of its architectural float glass production line in the fiscal year 2018. This development is expected to enable the company to meet the increased demand for solar PV glass in the European region to gain high value-added sales ratio.

In January 2012, Nippon Sheet Glass (NSG) Group acquired the business of IGA (U.K.). This acquisition helped the company to extend its network for supplying value-added glass products within the U.K. These value-added glass products include Pilkington K glass, Pilkington K Glass S, and Pilkington optiwhite range.

In August 2013, Taiwan Glass Fujian Solar Group made an investment of USD 24 million for its second solar glass production line, and the corporation is known as Taiwan Glass Fujian Photovoltaic Glass Co., Ltd. (FPG). This expansion helped the company to strengthen its product portfolio of solar PV glass.

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