Global Solar Photovoltaic Glass Market to Reach $44.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Solar Photovoltaic Glass estimated at US$7.6 Billion in the year 2020, is projected to reach a revised size of US$44.7 Billion by 2027, growing at a CAGR of 28.8% over the analysis period 2020-2027. Utility, one of the segments analyzed in the report, is projected to record a 31.4% CAGR and reach US$24.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Residential segment is readjusted to a revised 27.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 36.2% CAGR
The Solar Photovoltaic Glass market in the U.S. is estimated at US$2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.7 Billion by the year 2027 trailing a CAGR of 36.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22.5% and 26.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 24.7% CAGR.
Non-Residential Segment to Record 21% CAGR
In the global Non-Residential segment, USA, Canada, Japan, China and Europe will drive the 20.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$864.1 Million in the year 2020 will reach a projected size of US$3.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.9 Billion by the year 2027, while Latin America will expand at a 22.4% CAGR through the analysis period.
Select Competitors (Total 38 Featured):
Amid the COVID-19 crisis, the global market for Solar Photovoltaic Glass estimated at US$7.6 Billion in the year 2020, is projected to reach a revised size of US$44.7 Billion by 2027, growing at a CAGR of 28.8% over the analysis period 2020-2027. Utility, one of the segments analyzed in the report, is projected to record a 31.4% CAGR and reach US$24.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Residential segment is readjusted to a revised 27.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 36.2% CAGR
The Solar Photovoltaic Glass market in the U.S. is estimated at US$2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.7 Billion by the year 2027 trailing a CAGR of 36.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22.5% and 26.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 24.7% CAGR.
Non-Residential Segment to Record 21% CAGR
In the global Non-Residential segment, USA, Canada, Japan, China and Europe will drive the 20.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$864.1 Million in the year 2020 will reach a projected size of US$3.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.9 Billion by the year 2027, while Latin America will expand at a 22.4% CAGR through the analysis period.
Select Competitors (Total 38 Featured):
- AGC Solar
- AVIC Sanxin Co., Ltd.
- Borosil Glass Works Ltd.
- Changzhou Almaden Co., Ltd.
- Dongguan CSG Solar Glass Co., Ltd.
- Emmvee Toughened Glass Private Limited
- Euroglas GmbH
- f - solar GmbH
- Flat Glass Group Co., Ltd.
- Guangdong Golden Glass Technologies Limited
- Guangfeng Solar Glass (Hong Kong) Co., Ltd.
- Guardian Glass
- Hecker Glastechnik GmbH & Co. KG
- Henan Huamei Cinda Industrial Co., Ltd.
- Interfloat Corporation
- Jinjing Group
- Nippon Sheet Glass Co., Ltd.
- Qingdao Migo Glass Co., Ltd.
- Saint-Gobain SA
- Shenzhen Topray Solar Co., Ltd.
- Sisecam Flat Glass
- Sunarc Technology A/S
- Taiwan Glass Industry Corporation
- Thermosol Glass India (P) Ltd.
- Xinyi Solar Holdings Ltd.
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I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS4. GLOBAL MARKET PERSPECTIVE
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
III. MARKET ANALYSIS
IV. COMPETITION
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