Press release
Global Solar PV Glass Market Size & Share, Growth, Trends and Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Solar PV Glass" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Solar PV glass is a complete unit containing solar PV cells and other necessary electrical components and equipment, which capture solar energy and convert it into electrical energy. PV cells are printed on the glass during the manufacturing process. It is an architectural component that provides with a variety of design solutions for construction, and can convert solar energy into electricity. Solar PV glasses can be used to replace glass components employed in building construction. Solar PV glass is used to build facades and rooflight systems in buildings to capture and convert solar energy into electrical energy. This energy can be used for various applications in buildings, which require electricity. Therefore, solar PV glass not only provide designing solutions but also it is economical as it saves energy costs. Using solar PV cells in buildings, help reduce the use of non-renewable energy. Moreover, solar PV cells prove to be clean, silent, and eco-friendly source of producing electrical power. Solar PV glass is transparent and allows better penetration and absorption of sun rays, as compared to solar panels that are opaque.
According to UN, world population is increasing rapidly and is anticipated to reach 8.6 billion in 2030 from 7.6 billion, in 2016. Nearly 83 million people are added to the world population of the world per year. This is increasing the demand for food, clothing, and infrastructural facilities to cope with the increasing population. These directly or indirectly, boost the demand for energy. Non-renewable energy sources are being consumed to generate electricity. These resources are scarce in quantity and are expected to deplete in the near future. These factors are majorly driving the demand for solar PV glasses. Use of solar PV glass in residential and commercial buildings considerably reduce the consumption of electricity, produced from non-renewable energy sources. In 2016, the residential and commercial buildings consumed around 40% of the total energy produced in the U.S. However, use of solar PV glass has several limitations such as large dependence on climatic conditions, use of toxic chemicals such as cadmium and arsenic for production of PV cells. These limitations restrain the solar PV glass market. Moreover, the production cost of PV cells, and in turn the cost of the complete assembly of the solar PV glass unit is high. This is anticipated to hamper the solar PV glass market.
In terms of application, the solar PV glass market can be segmented into residential, commercial, and utility. The residential segment is anticipated to expand at a rapid pace during the forecast period. Currently, the use of solar PV glass is dominated by its use in the utility segment and is anticipated to continue its dominance during the forecast period.
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In terms of geography, the Solar PV glass market can be segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe currently dominates the global market, followed by North America, and Asia Pacific. However, Asia Pacific is anticipated to expand at a rapid pace, during the forecast period. Asia Pacific is going through a transition phase, wherein it is experiencing a lot of development in terms of infrastructure, industries, among others. This is anticipated to fuel the demand for solar PV glass in the near future. Moreover, rapidly increasing population in this region is one of the major factors driving the need for infrastructure development. This in turn is expected to propel the solar PV glass market.
Key players operating in the global solar PV glass market include GC Solar, Nippon Sheet Glass Co., Ltd., Taiwan Glass Ind. Corp., Sisecam Flat Glass, Guardian Glass, Saint-Gobain Solar, Borosil Glass Works Ltd., Xinyi Solar Holdings Ltd., Henan Huamei Cinda Industrial Co., Ltd., Interfloat Corporation, F solar GmbH, Hecker Glastechnik GmbH & Co. KG, Flat Glass Co., Ltd., and Euroglas.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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