Press release
Solar Photovoltaic Glass Market Worth $37.6 billion by 2026 | Clear Vision, Bright Future
Solar photovoltaic glass plays a critical role in the efficiency, reliability, and longevity of solar energy systems. Its advanced features and engineering contribute to maximizing the energy output and lifespan of solar panels, making them a viable and sustainable solution for renewable energy generation.
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Solar photovoltaic glass, also known as solar glass or PV glass, is a specialized type of glass designed for use in photovoltaic (PV) modules or solar panels. Its primary purpose is to enhance the performance and durability of solar energy systems.
In 2018, the Asia-Pacific market held a share of over 68% in the solar photovoltaic glass market size.
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 key players involved in the global solar photovoltaic glass industry 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.
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.
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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 factors responsible for solar PV glass market growth includes supportive regulations toward installation of solar plants have led to the increase in demand for solar PV glass.
Solar glass allows sunlight to pass through to the photovoltaic cells while minimizing reflection and losses. It is typically designed to have high transparency to maximize the amount of light reaching the solar cells.
Solar glass serves as a protective layer that encapsulates the photovoltaic cells within the solar panel, shielding them from external factors that could degrade their performance or lifespan. Proper encapsulation is essential for preventing moisture ingress, corrosion, and mechanical damage to the solar cells.
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The demand for solar glasses is on rise from end-use industries like residential, commercial, and utility scale pertaining that solar energy is a renewable energy, which causes no pollution and ensures energy saving.
High costs involved in installation, storage, and purchase of solar devices is expected to hamper the growth of the market.
The global solar PV glass market is yet to explore its full potential. The surge in demand for renewable energy from emerging economies such as India, China, and Japan are expected to offer lucrative growth opportunities to the market.
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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Photovoltaic glass (PV glass) is a glass that integrates transparent semiconductor-based photovoltaic cells to convert light into electricity.
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