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Solar Photovoltaic Glass Market Size (2024 - 2029)

The solar photovoltaic glass market is projected to experience significant growth over the forecast period, driven by an increase in construction activities and a rising demand for renewable energy. Despite challenges posed by the COVID-19 pandemic, such as supply chain disruptions, the market is expected to expand, with technological advancements in solar PV manufacturing presenting further opportunities. The Asia-Pacific region is anticipated to lead in market size, benefiting from its rapid growth trajectory.

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Market Size of Solar Photovoltaic Glass Industry

Solar Photovoltaic Glass Market - Market Summary
Study Period 2019 -2029
Market Volume (2024) 27.11 Million tons
Market Volume (2029) 63.13 Million tons
CAGR (2024 - 2029) 18.42 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Solar Photovoltaic Glass Market Major Players

*Disclaimer: Major Players sorted in no particular order

Solar Photovoltaic (PV) Glass Market Analysis

The Solar Photovoltaic Glass Market size is estimated at 27.11 Million tons in 2024, and is expected to reach 63.13 Million tons by 2029, growing at a CAGR of 18.42% during the forecast period (2024-2029).

The COVID-19 outbreak brought several short-term and long-term consequences in various industries like manufacturing and construction, which affected the solar photovoltaic glass market. The industry was widely impacted due to supply chain disruptions and a halt in the production of chemical manufacturing companies. However, the post-pandemic increase in construction activities in the residential and non-residential sectors is expected to boost the market for solar photovoltaic glass.

  • Over the short term, the increasing demand for renewable energy is expected to stimulate the market demand.
  • The rising adoption of alternate clean power sources is expected to hinder the growth of the market studied.
  • Technological advancements in solar PV manufacturing offer various opportunities for the growth of the solar photovoltaic glass market.
  • The Asia-Pacific region is expected to dominate the market and is likely to witness the highest CAGR during the forecast period.

Solar Photovoltaic (PV) Glass Industry Segmentation

Solar photovoltaic glass is a technology that enables the conversion of light into electricity. The glass is incorporated with transparent semiconductor-based photovoltaic cells, also known as solar cells. These cells are sandwiched between two sheets of glass, which enables them to capture these solar rays and convert them into electricity. The market is segmented based on type, technology, application, and geography. By type, the market is segmented into AR coated glass, tempered glass, TCO coated glass, and other types. By technology, the market is segmented into crystalline silicon, cadmium telluride thin film, amorphous silicon, copper indium gallium diselenide (CIGS), and other technologies. By application, the market is segmented into Residential and non-residential. The report offers market size and forecasts for 16 countries across major regions. For each segment, market sizing and forecasts have been done on the basis of volume (tons).

By Type
AR Coated Glass
Tempered Glass
TCO Coated Glass
Other Types
By Technology
Crystalline Silicon
Cadmium Telluride Thin Film
Amorphous Silicon Solar
Copper Indium Gallium Diselenide (cigs)
Other Technologies
By Application
Residential
Non-residential
Commercial
Industrial/institutional
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Morocco
Rest of Middle East and Africa
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Solar Photovoltaic Glass Market Size Summary

The solar photovoltaic glass market is poised for significant growth, driven by the increasing demand for renewable energy and technological advancements in solar PV manufacturing. The market, which experienced disruptions due to the COVID-19 pandemic, is expected to recover and expand as construction activities in both residential and non-residential sectors ramp up. The use of solar photovoltaic glass in commercial buildings is gaining traction as it helps reduce energy consumption by allowing natural light and generating electricity through rooftop solar panels. This shift not only contributes to energy cost savings but also aids in reducing carbon footprints and greenhouse gas emissions. The market is characterized by its consolidated nature, with major players like Xinyi Solar Holdings Limited and AGC Inc. leading the charge in production and innovation.

The Asia-Pacific region is anticipated to dominate the solar photovoltaic glass market, with countries like China, India, and Japan playing pivotal roles due to their focus on self-producing electricity and expanding solar capacity. China, as the largest manufacturer, significantly contributes to the market's growth, supported by government policies and initiatives aimed at boosting renewable energy production. Similarly, India and Japan are implementing strategies to enhance their solar capacities, further driving demand for solar photovoltaic glass. The market's expansion is also supported by strategic acquisitions and collaborations among key industry players, which are enhancing manufacturing capacities and promoting sustainable energy solutions across the globe.

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Solar Photovoltaic Glass Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand for Renewable Energy

    2. 1.2 Restraints

      1. 1.2.1 Rising Adoption of Alternate Clean Power Sources

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 By Type

      1. 2.1.1 AR Coated Glass

      2. 2.1.2 Tempered Glass

      3. 2.1.3 TCO Coated Glass

      4. 2.1.4 Other Types

    2. 2.2 By Technology

      1. 2.2.1 Crystalline Silicon

      2. 2.2.2 Cadmium Telluride Thin Film

      3. 2.2.3 Amorphous Silicon Solar

      4. 2.2.4 Copper Indium Gallium Diselenide (cigs)

      5. 2.2.5 Other Technologies

    3. 2.3 By Application

      1. 2.3.1 Residential

      2. 2.3.2 Non-residential

        1. 2.3.2.1 Commercial

        2. 2.3.2.2 Industrial/institutional

        3. 2.3.2.3 Other Applications

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 France

        4. 2.4.3.4 Italy

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Morocco

        4. 2.4.5.4 Rest of Middle East and Africa

Solar Photovoltaic Glass Market Size FAQs

The Solar Photovoltaic Glass Market size is expected to reach 27.11 million tons in 2024 and grow at a CAGR of 18.42% to reach 63.13 million tons by 2029.

In 2024, the Solar Photovoltaic Glass Market size is expected to reach 27.11 million tons.

Solar Photovoltaic Glass Market Report Snapshots

Solar Photovoltaic Glass Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)