Press release
Solar PV Glass Market – Growth Opportunities and Challenges 2017-2024
Fractovia.Org
In addition, the directive states that more than 30% of a building’s electricity consumption must be produced from renewable sources by 2025. The consecutive year saw the U.S. government revise the SunShot plan to achieve a cost mark of 0.04/Kwh and 0.05/Kwh for commercial and residential PV applications respectively, that are anticipated to drive solar PV glass market over 2017-2024. Furthermore, the onset of the year 2017 witnessed the U.S. legislation launch a Department of Energy Research and Innovation Act, under H.R.589 with an aim to improvise on the conventional laboratories and concentrate on solar fuel research and power storage activities, which will undoubtedly impel U.S. solar PV glass industry over the coming years.
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Globally shifting preferences toward renewable energy have led to rising investments in the untapped PV potential. Solar PV glass market is anticipated to generate a plethora of opportunities for major corporations subject to the aforementioned factor. It is expected that this industry size will cross USD 3 billion by 2024, and exceed a capacity of 700 million meter square, with the governments of emerging countries striving to take initiatives for the adoption of renewable energy. For instance, in the year 2016, the Ministry of Energy, Argentina, under the RenovAr program, declared 58 PV projects with a cumulative capacity of 2,834 MW, with an aim to impel the regional solar PV glass industry. The Jordan government too, has been working to increase the capacity of 600 MW by a further 300 MW by 2020, thereby augmenting the overall solar PV glass market share.
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In the year 2016, a research team from the University of Utah came up with a laser annealing methodology in thin film PV systems to curtail the overall solar product manufacturing costs. An increased number of such research & development activities will result in the overall development of solar PV glass market from annealed products, which was worth more than 300 million meter square in 2016. This product is easily available, can be conveniently manufactured, and is cost-effective. In addition, it delivers easy cutting, machining, edging, & polishing of glass on panels, pertaining to which annealed solar PV glass industry size will witness excellent growth potential over the years ahead, and can be used in several end-use applications. Speaking of which, solar PV glass market from thin-film CIS / CIGS will earn a remarkable valuation by 2024, after having held more than 9% the overall share in 2016. This growth can be credited to the rising measures to reduce the dimensions of the panels.
Major companies operating in solar PV glass industry include Euro Multivision India, Guardian Industries, AGC, Borosil, Interfloat Corporation, Xinyi, Nippon, Onyx, Saint Gobain, Sunarc Technology, Hecker Glastechnik, Flat Group, Vidur Glass, and Jin Jing Group.
Report Content
Chapter 4. Solar PV Glass Market, By Technology
4.1. Global market share by technology, 2016 & 2024
4.2. Float
4.2.1. Float market, 2013 – 2024
4.2.2. Float market volume by region, 2013 – 2024
4.2.3. Float market revenue by region, 2013 – 2024
4.3. Pattern
4.3.1. Pattern market, 2013 – 2024
4.3.2. Pattern market volume by region, 2013 – 2024
4.3.3. Pattern market revenue by region, 2013 – 2024
Chapter 5. Solar PV Glass Market, By Product
5.1. Global market share by product, 2016 & 2024
5.2. Annealed
5.2.1. Annealed market, 2013 – 2024
5.2.2. Annealed market volume by region, 2013 – 2024
5.2.3. Annealed market revenue by region, 2013 – 2024
5.3. Toughened / Tempered
5.3.1. Toughened / Tempered market, 2013 – 2024
5.3.2. Toughened / Tempered market volume by region, 2013 – 2024
5.3.3. Toughened / Tempered market revenue by region, 2013 – 2024
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