Solar photovoltaic glass consists of photovoltaic cells that convert solar energy into electricity. The glass is fused with transparent semiconductor based photovoltaic cells or solar cells. These solar cells are sandwiched in between two glass sheets for conversion of the energy. Solar photovoltaic glass market are used in solar power systems to generate power, and is helpful for reduction of reduction of carbon footprints, and greenhouse gas emissions.
Rising concerns related to greenhouse gas emission, global warming, and increased demand for power generation through renewable sources has led to increased demand for renewable source of energy across the globe. These factors have boosted demand for solar operated energy systems, owing to which there is an increasing demand for solar PV glass. High installation, and maintenance costs are major factors hampering growth of the global solar PV glass market. In addition, low operational efficiency is another factor restraining growth of the target market.
The global solar PV glass market is segmented on the basis of type, application, and region. On the basis of type, the global market is segmented into utility, residential, and non-residential. The utility application segment accounts for largest market share in the global market, owing to rising number of installations of solar power plants across the globe.
On the basis of type, the global market is segmented into anti-reflective (AR) coated, tempered, transparent conductive oxide (TCO) coated, and others. The anti-reflective coating type segment is expected to witness highest growth during the forecast period.
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The market in North America is expected to register highest CAGR in the global market over the forecast period, owing to increasing investment in development and deployment of solar power plants. The Asia Pacific market accounts for highest revenue share in the global solar PV glass market and is expected to maintain its dominance over the forecast period. This growth can be attributed to increasing government initiatives, establishment of subsidiaries for solar plant installation, and favorable climatic conditions in countries in this region.
Key players in the global market Saint-Gobain Solar, Yingli Green Energy Holding Company Ltd., Nippon Sheet Glass Co., Ltd., Guardian Industries, Asahi Glass Co., Ltd., Taiwan Glass Ind. Corp., Trina Solar Ltd., Xinyi Solar Holdings Ltd., Sisecam Flat Glass, Borosil Glass Works Ltd., and other prominent players.