Global Solar PV Glass Market Report and Forecast 2024-2032

Global Solar PV Glass Market Outlook

The global solar PV glass market attained a value of nearly USD 11.76 billion in 2023. The market is further estimated to grow in the forecast period of 2024-2032 at a CAGR of 24.7% to reach about USD 85.74 billion by 2032.

Growing Adoption of Clean Energy Sources to Bolster the Market for Solar PV Glass

The solar PV glass market is being driven by the robust growth of the construction industry. As the industry is increasingly adopting advanced technologies and clean energy sources due to the rising environmental concerns, the deployment of solar PV glass is growing. The rapid transformation of the global solar energy landscape and easy installation of solar PV glass is also boosting the market growth of solar PV glass. The other factors propelling the demand for solar PV glass are the evolving solar industry, rapid modernisation and urbanisation, and the increasing utilisation of solar PV glass in different applications in the utility, residential and non-residential sectors.

Various leading manufacturers are developing new products with superior thermal insulation and higher efficacy, which is further supporting the solar PV glass market growth. Moreover, the rising focus of various developing and developed countries on increasing solar installations and the growing popularity of the green building concept are expected to bolster the market growth of solar PV glass during the forecast period across the globe.

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Market Segmentation

Solar PV glass is a glass that uses solar cells to convert solar energy into electricity. It is typically installed on roofs of buildings to produce power that can be used by the entire building. Solar PV glasses contribute to sustainability and reduce carbon footprint while bolstering the cost-effectiveness of facilities, due to which it is increasingly preferred in various end-use sectors.

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The market for solar PV glass, by application, is divided into:

• Non-residential
• Residential
• Utility

The EMR report looks into the regional markets of solar PV glass like Latin America, North America, Europe, the Asia Pacific, and the Middle East and Africa.

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The Asia Pacific to Hold a Significant Share in the Market for Solar PV Glass

The market for solar PV glass in the Asia Pacific is anticipated to witness significant growth on account of technological advancements and innovations and the rising government investment in the future of solar glass in the region. Countries like India and China are expected to gain momentum in the market of solar PV glass due to the introduction of various favourable initiatives by governments like the imposition of Basic Customs Duty (BCD) on the import of solar PV cells and Modified Special Incentive Package Scheme (M-SIPS) Scheme to promote local development and manufacturing of renewable energy technologies. Moreover, the mass production and commercialisation of solar PV glasses in China are anticipated to further boost the market growth in the region, which is likely to significantly contribute to the overall growth of the solar PV glass market.

Key Players in the Global Market for Solar PV Glass

The report presents a detailed analysis of the following key players in the global solar PV glass market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Onyx Solar Group LLC
• Sharp Corporation
• Saint-Gobain
• Nippon Sheet Glass Co., Ltd.
• Trina Solar Co., Ltd.
• Wuxi Suntech Power Co., Ltd.
• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report