Global PV Glass Market - WishTree Insight

Global PV Glass Market by Type (Tempered Glass, Anti-reflective Coated Glass, Transparent Conductive Oxide Coated Glass, and Others), End-User (Residential, Non-Residential, and Utility), and Regions, The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031

The PV Glass market size was valued at USD 7.4 billion in 2021 and is expected to surpass USD 41.3 billion by 2031, expanding at a CAGR of 28.2 % during the forecast period, 2021–2031. The market's growth is attributed to government initiatives.

INTRODUCTION

Photovoltaic (PV) Glass or Solar Glass or Solar Photovoltaic Glass utilizes solar cells to convert solar energy into electricity. Increasing carbon emission and depletion of oil reserves is impacting the solar photovoltaic glass market. This glass is installed on windows, roofs, facades, or skylights. PV glass is extensively used to generate energy which can generate power for the entire building.

Market Trends, Drivers, Restraints, and Opportunities

• The global PV Glass market is driven by the growth of the power generation sector.
• Government initiative for green energy is accelerating the solar photovoltaic PV glass market.
• Increasing installation for PV glass across various nations is considered a key driver to propel the growth of the market.
• The technological and product innovations having higher efficacy and superior thermal insulation are considered significant growth factors to spur the market.

Scope of the Report

Market Segment Insights

The tempered glass segment is projected to register a considerable CAGR

Based on type, the PV Glass market is divided into tempered glass, anti-reflective coated glass, transparent conductive oxide coated glass and others. The tempered glass segment is expected to expand rapidly during the forecast period. However, the anti-reflective coated glass segment is anticipated to hold a key share of the market in the coming years.

The utility segment is expected to expand at a rapid pace

Based on end-users, the PV Glass market is divided into residential, non-residential, and utility. The utility segment is expected to expand rapidly during the forecast period. Utility-scale solar plants have fixed prices while electricity from fossil fuels is expensive, which is driving the segment growth in the market. The rising demand for solar glasses in panels and increasing investments in solar energy for the utility scale are anticipated to boost the market.

The Asia Pacific region is anticipated to constitute a key market share

In terms of regions, the PV Glass market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of the Asia Pacific region is expected to constitute a key share of the market during the projected period. The growth in the region is attributed to the rapid development of renewable power development to cope with the increase in electricity demand and increasing government initiatives of various countries such as India, Japan, China, and South Korea to reduce emissions of greenhouse gases.

Competitive Landscape

Key players competing in the PV Glass market are Taiwan Glass Ind. Corp (Taiwan); Nippon Sheet Glass Co., Ltd (Japan); Emmvee Toughened Glass Private Limited (India); Sisecam Flat Glass (Turkey); Saint-Gobain Solar (France); Guardian Glass (Thailand); Interfloat Corporation (Germany); Borosil Glass Works Ltd. (India); Guangdong Golden Glass Technologies (China).

FAQs

How much is the market worth?

The PV Glass market size was valued at USD 7.4 billion in 2021 and is expected to surpass USD 41.3 billion by 2031.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 28.2%.

What segments are covered in the PV Glass report?

The segments covered in the report are type (tempered glass, anti-reflective coated glass, transparent conductive oxide coated glass and others), end-user (residential, non-residential, and utility).

Mention which region is expected to hold the highest share of the PV Glass market.

The Asia Pacific region is expected to hold the highest share of the PV Glass market.

Which segment holds the largest market share in PV Glass by 2031?

The utility segment holds the largest market share in PV Glass by 2031.

Mention the key players in the market.

Taiwan Glass Ind. Corp (Taiwan); Nippon Sheet Glass Co., Ltd (Japan); Emmvee Toughened Glass Private Limited (India); Sisecam Flat Glass (Turkey); Saint-Gobain Solar (France); Guardian Glass (Thailand); Interfloat Corporation (Germany); Borosil Glass Works Ltd. (India); Guangdong Golden Glass Technologies (China).