Press release
Rising Demand for Clean Energy Powers Growth in Solar Photovoltaic Glass Market
Solar Photovoltaic Glass Market
Governments around the world are setting ambitious renewable energy targets and offering financial incentives such as tax credits, subsidies, and feed-in tariffs to boost solar adoption. These efforts have lowered the barriers to installing solar systems, making them more affordable and attractive to a broader customer base. In December 2024, India's Ministry of New and Renewable Energy mandated the use of domestically made solar cells for all government projects starting June 2026, a move aimed at strengthening local manufacturing and reducing import reliance.
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A key factor in this growth is the rising demand for high-efficiency PV glass. This specialized glass boosts the performance and lifespan of solar panels, making it a crucial component in large-scale solar installations. For example, in January 2025, Trina Solar achieved a world record of 25.44% conversion efficiency using heterojunction (HJT) technology, showcasing how advanced glass technologies are pushing efficiency boundaries.
Technology Advancements Driving Innovation
Breakthroughs in solar technology are expanding the range of applications for PV glass. Innovations like bifacial solar modules and thin-film technologies are improving panel efficiency and reducing costs. Bifacial modules, which absorb sunlight from both sides, benefit from transparent PV glass with anti-reflective coatings that enhance light absorption. These modules are increasingly used in large solar farms due to their higher energy output and lower energy costs over time.
In 2022, Indian solar company Emmvee introduced Sapphire bifacial modules with 530-545W power output and up to 21.10% efficiency. These panels use advanced glass to retain high efficiency even in low-light conditions.
Challenges with High Initial Costs
Despite its benefits, the high upfront cost of PV glass remains a key challenge. Manufacturing requires high-purity materials and advanced coatings, contributing to higher pricing. However, efforts are being made to bring costs down. In February 2022, the Indian government significantly boosted funding under its production-linked incentive (PLI) scheme from ₹4,500 crore to ₹24,000 crore to promote domestic solar cell and module production.
To protect and support local PV glass manufacturers, India also imposed a 10% customs duty on imported solar glass starting October 2024. While this move supports local businesses, fluctuating raw material prices and global supply chain disruptions continue to impact production costs.
Product Insights: AR-Coated and Tempered Glass Lead Growth
In terms of product types, anti-reflective (AR)-coated solar PV glass dominated the market in 2024. This type of glass reduces sunlight reflection, allowing more light to reach solar cells and improving energy conversion. AR-coated glass increases light transmission by 2-3%, leading to higher energy yields over the system's lifetime.
Companies like Borosil have introduced customized solar glass products, including colored and grid-printed variants for building-integrated photovoltaic (BIPV) applications, enhancing both aesthetics and performance.
Tempered solar PV glass is projected to be the fastest-growing segment in the coming years. Known for its strength and durability, this glass is heat-treated to protect delicate solar cells while ensuring high light transmission. In October 2024, Canadian solar company Heliene secured $54 million in funding to build a new manufacturing facility in Minnesota. The plant, capable of producing 550 megawatts annually, is part of a broader strategy supported by new U.S. clean energy manufacturing incentives.
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Solar Photovoltaic Glass Top Companies and Competitive Landscape
Market competition in the Solar Photovoltaic Glass industry is characterized by the presence of global and regional players such as AGC Inc., Xinyi Solar Holdings Limited, NSG Group, First Solar, Saint-Gobain Glass, Taiwan Glass Industry Corporation, Trina Solar, Yingli Green Energy, Jinko Solar, LONGi Solar and others. The global Solar Photovoltaic Glass market is relatively fragmented, with a high level of competition.
The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions.
In October 2023, Borosil Renewables Limited acquired an 86% stake in the two European solar glass manufacturers Interfloat Corporation and Glasmanufaktur Brandenburg (GMB). The acquisition has increased the company's solar glass manufacturing capacity in Europe to 750 TPD from 450 TPD.
Some of the key companies in the global Solar Photovoltaic Glass Market include:
AGC Inc.
Xinyi Solar Holdings Limited
NSG Group
First Solar
Saint-Gobain Glass
Taiwan Glass Industry Corporation
Trina Solar
Yingli Green Energy
Jinko Solar
LONGi Solar
Solar Photovoltaic Glass Latest Industry Updates
In July 2023, AGC Flat Glass Ibérica announced commissioning through Helexia España of a 4,600 kilowatts photovoltaic plant for self-consumption on an industrial site at the Port of Sagunto (Valencia). The plant will cover 48,400 square meters of the rooftop and be equipped with 8,800 photovoltaic modules. This project will produce 7 gigawatt-hours per year, thus avoiding more than 800 tons of CO2 equivalent every year.
The Indian government, in July 2024, has announced a 10% customs duty on imported solar glass, which will be effective from October 1, 2024. It is in the nature of protection and promotion of the domestic solar glass industry by discouraging the import of cheaper foreign products.
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Solar Photovoltaic Glass Market Segmentation Analysis
By Types Outlook (Revenue, USD Billion; 2020-2033)
AR-Coated Solar PV Glass
Tempered Solar PV Glass
TCO-Coated Solar PV Glass
Other Types
By Installation Outlook (Revenue, USD Billion; 2020-2033)
Float Glass Technology
Pattern Glass Technology
By Application Outlook (Revenue, USD Billion; 2020-2033)
Residential
Non-Residential
Utility
By Regional Outlook (Revenue, USD Billion; 2020-2033)
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Benelux
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
Key Features of the Solar Photovoltaic Glass Market Report:
The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats
The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares
Evaluation of key current and emerging market trends and growth prospects
It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth
Brief overview of industry with regards to research and development, technological advancements, and product development
In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario
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Solar Photovoltaic Glass Market Size@ https://www.emergenresearch.com/industry-report/solar-photovoltaic-glass-market/market-size
Solar Photovoltaic Glass Market Share@ https://www.emergenresearch.com/industry-report/solar-photovoltaic-glass-market/market-share
Solar Photovoltaic Glass Market Trends@ https://www.emergenresearch.com/industry-report/solar-photovoltaic-glass-market/market-trends
Solar Photovoltaic Glass Regional Market Demand@ https://www.emergenresearch.com/industry-report/solar-photovoltaic-glass-market/regional-market-demand
Solar Photovoltaic Glass Market Analysis@ https://www.emergenresearch.com/industry-report/solar-photovoltaic-glass-market/market-analysis
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