United States Solar Photovoltaic Market | 30.2% CAGR Through 2031; Asia-Pacific Leads with 45% Share, Key Players Include Xinyi Solar, AGC Solar, Nippon Sheet Glass, Borosil

Market Overview

The global Solar Photovoltaic (PV) Glass Market is projected to grow at an exceptional CAGR of 30.2% during the forecast period (2024-2031). The market growth is driven by the rapid adoption of renewable and energy-efficient building materials, rising investments in green architecture, and the global push toward sustainable energy generation.

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Solar photovoltaic glass (PV glass) serves a dual purpose it exhibits the same mechanical strength and structural integrity as traditional architectural glass while generating clean, renewable electricity. This innovation transforms conventional glass into an active energy-producing component, enabling buildings to meet energy needs sustainably.

A major advantage of PV glass lies in its optimized solar factor, which enhances thermal comfort and reduces indoor energy consumption. By partially or fully offsetting the energy required for air conditioning, it significantly cuts down on electricity expenses while improving overall building efficiency. Moreover, PV glass can filter up to 99% of harmful ultraviolet (UV) radiation and reduce infrared (IR) transmission by up to 90%, protecting interiors, furniture, and occupants from heat and radiation exposure.

Environmentally, solar PV glass supports carbon neutrality goals by producing renewable power on-site, reducing dependence on grid electricity, and minimizing greenhouse gas emissions. Its application in modern green buildings aligns with initiatives promoting net-zero energy structures.

Recent Developments:

✅ January 2026 - China: Xinyi Solar Holdings Ltd. announced the completion of a new 1,200 tons/day solar glass production line in Anhui Province to meet the growing domestic demand for high-transmittance PV glass used in large-scale solar farms and building-integrated photovoltaics (BIPV).

✅ November 2025 - United States: First Solar, Inc. launched its new Series 7 thin-film photovoltaic glass panels, integrating improved transparency coatings for enhanced light absorption and reduced reflection losses in architectural applications.

✅ October 2025 - Germany: AGC Glass Europe partnered with Saule Technologies to develop perovskite-based semi-transparent PV glass for smart building facades and energy-efficient commercial architecture.

✅ August 2025 - India: Borosil Renewables Ltd. expanded its manufacturing capacity to 2,500 metric tons per day, making it one of the largest solar glass producers outside China. The company also announced plans to launch anti-glare and self-cleaning PV glass for high-dust environments.

✅ June 2025 - Japan: NSG Group (Nippon Sheet Glass) introduced its SPACIA PV line, a vacuum-insulated solar glass designed for urban green buildings, which combines thermal insulation with embedded photovoltaic cells.

✅ April 2025 - South Korea: Hanwha Solutions developed a next-generation bifacial PV glass that can absorb sunlight from both sides, targeting high-efficiency applications for rooftops and curtain walls in dense urban areas.

✅ February 2025 - United Kingdom: Onyx Solar Group completed the installation of BIPV glass facades at a major London commercial complex, generating over 250 MWh of clean energy annually while enhancing the building's thermal performance.

Mergers & Acquisitions:

✅ December 2025 - Europe: Saint-Gobain S.A. acquired a controlling stake in Solar Glass Technologies GmbH, strengthening its product portfolio in high-performance PV glazing for commercial and residential buildings.

✅ September 2025 - China: Flat Glass Group Co., Ltd. entered a strategic partnership with LONGi Green Energy Technology to jointly develop ultra-clear photovoltaic glass optimized for high-efficiency monocrystalline modules.

✅ July 2025 - United States: Guardian Glass signed an agreement with Tesla Energy to supply customized PV glass panels for solar roof applications, marking a major step toward integrated solar architecture in the residential sector.

✅ May 2025 - India: Borosil Renewables Ltd. merged with Interfloat Corporation, a European solar glass manufacturer, enhancing its geographic reach and capacity in the EU renewable materials market.

✅ March 2025 - France: TotalEnergies and AGC Glass Europe partnered to deploy BIPV solutions across commercial and public infrastructure projects under France's Clean Construction Initiative, combining energy efficiency with architectural aesthetics.

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Key Players:

Key Players:
AGC Solar | Nippon Sheet Glass Co Ltd | Taiwan Glass Ind Corp | Xinyi Solar Holdings Ltd | Sisecam Flat Glass | Guardian Glass | Saint-Gobain Solar | Borosil Glass Works Ltd | Henan Huamei Cinda Industrial Co., Ltd | Onyx Solar Group LLC

Key Highlights:

• AGC Solar - Holds a 12.0% share, offering high-transparency PV glass for both rooftop and large-scale solar farm applications, with advanced anti-reflective coatings.

• Nippon Sheet Glass Co Ltd - Holds a 10.5% share, specializing in vacuum-insulated and semi-transparent photovoltaic glass solutions for urban buildings and energy-efficient construction.

• Taiwan Glass Ind Corp - Holds a 9.2% share, producing monocrystalline and polycrystalline PV glass with high durability and optimized light transmission for module efficiency.

• Xinyi Solar Holdings Ltd - Holds a 13.0% share, leading in high-volume PV glass production and supplying modules for both domestic and international solar projects.

• Sisecam Flat Glass - Holds a 7.8% share, focusing on low-iron, high-transmittance solar glass suitable for rooftop and building-integrated photovoltaic (BIPV) applications.

• Guardian Glass - Holds a 6.5% share, delivering custom solar glass solutions, including bifacial PV glass and anti-glare coatings for residential and commercial buildings.

• Saint-Gobain Solar - Holds a 8.0% share, offering premium BIPV glass facades, skylights, and curtain wall solutions integrated with high-efficiency PV cells.

• Borosil Glass Works Ltd - Holds a 5.5% share, manufacturing high-volume solar glass with anti-dust and self-cleaning features for emerging markets in Asia.

• Henan Huamei Cinda Industrial Co., Ltd - Holds a 4.5% share, supplying cost-effective solar glass for large-scale solar farms, with focus on high mechanical strength and low thermal expansion.

• Onyx Solar Group LLC - Holds a 4.0% share, specializing in BIPV solutions, semi-transparent PV facades, and rooftop integration for energy-efficient commercial projects.

Market Segmentation:

By Photovoltaic Cell Type:
Monocrystalline PV glass dominates the market with an estimated 45% share, owing to its high efficiency, durability, and widespread use in residential, commercial, and utility-scale solar installations. Multicrystalline PV glass holds around 30%, favored for cost-effective large-scale solar farms. Thick film PV glass accounts for 10%, mainly used in specialized applications such as lightweight solar modules and portable solar devices. Amorphous PV glass represents 8%, commonly used in building-integrated photovoltaic (BIPV) facades and flexible solar panels. Other types, including hybrid and emerging PV materials, contribute the remaining 7%, catering to niche and experimental applications.

By Application:
Roof integration remains the largest application, with a 35% share, driven by residential and commercial buildings seeking energy self-sufficiency. Facades follow closely at 20%, increasingly adopted in BIPV designs for offices, malls, and skyscrapers. Skylights and curtain walls account for 15% collectively, enhancing daylighting while generating power. Sunshades and canopies represent 12%, primarily in commercial and industrial campuses. Carports and solar parking lots hold 10%, used in public, corporate, and utility infrastructure. Other applications, such as pergolas and solar street installations, make up the remaining 8%.

By End-User:
Commercial buildings dominate with 40% share, as corporates adopt sustainable energy strategies to reduce operational costs and comply with ESG initiatives. Residential buildings account for 35%, propelled by increasing rooftop solar adoption and government incentives for clean energy. Industrial buildings represent 20%, integrating PV glass for energy-intensive manufacturing plants and warehouses. Other end-users, including institutional and public infrastructure projects, contribute 5% to the market, focusing on BIPV and energy-efficient construction.

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Regional Insights:

Asia-Pacific dominates the global solar photovoltaic glass market with an estimated 45% share, driven by rapid solar power capacity expansion in China, India, Japan, and South Korea. High government incentives, large-scale solar farm projects, and the growing adoption of building-integrated photovoltaics (BIPV) in commercial and residential construction are key growth factors. China alone produces a significant portion of the world's solar PV glass, with leading manufacturers supplying both domestic and international markets.

Europe holds around 25% of the market, fueled by stringent renewable energy mandates, net-zero emission targets, and widespread adoption of green building initiatives. Countries such as Germany, France, Spain, and the UK are investing heavily in BIPV solutions and retrofitting existing buildings with solar glass systems.

North America accounts for approximately 20%, led by the United States and Canada. The push for clean energy, state-level renewable portfolio standards, and tax incentives for residential and commercial solar installations are driving market growth. High demand for energy-efficient buildings and smart cities is also encouraging the integration of PV glass into facades, skylights, and canopies.

Market Dynamics:

Driver:
The global solar photovoltaic (PV) glass market is driven by the rising focus on energy efficiency in residential, commercial, and industrial buildings. Buildings account for a significant portion of energy consumption approximately one-third of total energy use in the UNECE region and nearly 40% of U.S. energy use in commercial buildings. PV glass allows designers and developers to minimize operating costs and reduce environmental impacts by integrating clean energy generation directly into the building envelope.

Additionally, PV glass provides protective benefits by filtering 99% of ultraviolet (UV) radiation and reducing infrared radiation transmission by up to 90%, which safeguards interiors, furniture, and occupants while enhancing thermal comfort. These attributes make PV glass a viable, safe, and environmentally friendly solution for sustainable construction. Government initiatives, strict energy efficiency standards, and incentives in regions like the U.S. and Europe further accelerate adoption of PV glass technologies.

Restraint:
Despite its advantages, solar photovoltaic glass is more expensive than traditional architectural glass, which can slow adoption, particularly in cost-sensitive construction projects. The higher initial investment includes the cost of PV integration and installation. However, the electricity generated over the building's lifetime offsets the initial cost, reduces carbon footprint, and provides long-term savings, making it a worthwhile investment for energy-conscious developers and building owners.

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