Photovoltaic (PV) glass integrates solar cells to convert solar energy into electricity. The solar cells are fixed between two glass panes with a filling of special resin. These resins securely wrap solar cells from all sides. Each cell is connected with two electrical connections and is attached to other cells to form a module.
Supportive government regulations toward installation of solar PV plants drives the demand for solar PV glasses. In addition, growth in demand for solar systems in residential, commercial, and utility-scale boosts the growth of the solar PV glass market. However, high cost involved in installation, storage, and purchase of solar devices is expected to hamper the growth of the market. The global solar PV glass market is yet to explore its full potential. The rise in demand for renewable energy is expected to offer growth opportunities to the market. The market is also driven by domestic content laws and rise in photovoltaic panel installation projects, owing to expiration of federal investment tax credit (ITC).
The global solar PV glass market is segmented on the basis of type, end-use industry, and region. By type, it is classified into anti-reflective coated glass, tempered glass, TCO glass, and others. By end-use industry, the market is divided into residential, commercial, and utility-scale. Region wise, it is segmented into North America, Europe, Asia-Pacific, and LAMEA.
The key players involved in the global solar PV glass market are Suntech Power Holding Co. Ltd, Sun Power Corporation, First Solar Inc, Yingli Green Energy Holding Co. Ltd, Canadian Solar Inc, Schott Solar Ag, Sharp Corporation, Solar World Ag, Jinko Solar Holding Company Ltd, and Trina Solar Ltd. To stay competitive, these market players are adopting different strategies such as product launch, partnership, mergers, and acquisitions. These key strategies are enabling the market players to sustain the intensive competition. For instance, SunPower Corp. launched its SunPower X-Series Solar Panels (X-Series) for the residential market. The company’s X-Series delivers more energy, higher reliability, and superior aesthetics than conventional solar panels. .
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Type
By End-use Industry
By Region
Key Players
Supportive government regulations toward installation of solar PV plants drives the demand for solar PV glasses. In addition, growth in demand for solar systems in residential, commercial, and utility-scale boosts the growth of the solar PV glass market. However, high cost involved in installation, storage, and purchase of solar devices is expected to hamper the growth of the market. The global solar PV glass market is yet to explore its full potential. The rise in demand for renewable energy is expected to offer growth opportunities to the market. The market is also driven by domestic content laws and rise in photovoltaic panel installation projects, owing to expiration of federal investment tax credit (ITC).
The global solar PV glass market is segmented on the basis of type, end-use industry, and region. By type, it is classified into anti-reflective coated glass, tempered glass, TCO glass, and others. By end-use industry, the market is divided into residential, commercial, and utility-scale. Region wise, it is segmented into North America, Europe, Asia-Pacific, and LAMEA.
The key players involved in the global solar PV glass market are Suntech Power Holding Co. Ltd, Sun Power Corporation, First Solar Inc, Yingli Green Energy Holding Co. Ltd, Canadian Solar Inc, Schott Solar Ag, Sharp Corporation, Solar World Ag, Jinko Solar Holding Company Ltd, and Trina Solar Ltd. To stay competitive, these market players are adopting different strategies such as product launch, partnership, mergers, and acquisitions. These key strategies are enabling the market players to sustain the intensive competition. For instance, SunPower Corp. launched its SunPower X-Series Solar Panels (X-Series) for the residential market. The company’s X-Series delivers more energy, higher reliability, and superior aesthetics than conventional solar panels. .
KEY BENEFITS FOR STAKEHOLDERS
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current trends and future scenario of the solar photovoltaic glass market from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
- Major countries in four major regions, namely, North America, Europe, Asia-Pacific, and LAMEA have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, and Solar photovoltaic glass market opportunities and their detailed impact analysis are elucidated in the study.
- The profiles of key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
By Type
- Anti-reflective Coated Glass
- Tempered Glass
- TCO Glass
- Others
By End-use Industry
- Residential
- Commercial
- Utility-scale
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Spain
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Players
- Onyx Solar Group LLC
- Shenzhen Topray Solar Co., Ltd.
- Borosil Glass Works Limited
- Trina Solar
- JA Solar Holdings Co. Ltd
- Sharp Corporation
- Brite Solar
- Wuxi Suntech Power Co. Ltd.
- Gruppo STG
- Polysolar
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Solar Photovoltaic Glass Market, By Type
Chapter 5: Solar Photovoltaic Glass Market, By End-Use Industry
Chapter 6: Solar Photovoltaic Glass Market, By Region
Chapter 7: Competitive Landscape
Chapter 8: Company Profiles:
Executive Summary
According to the report titled, 'Solar Photovoltaic Glass Market by Type and End-use Industry: Global Opportunity Analysis and Industry Forecast, 2019-2026', the global solar photovoltaic glass market was valued at $4.54 billion in 2018 and is projected to reach $37.6 billion by 2026, growing at a CAGR of 30.3% from 2019 to 2026.Photovoltaic glass (PV glass) is a glass that integrates transparent semiconductor-based photovoltaic cells to convert light into electricity. The factors responsible for solar PV glass market growth includes supportive regulations toward installation of solar plants have led to the increase in demand for solar PV glass. In addition, the demand for solar glasses is on rise from end-use industries like residential, commercial, and utility scale pertaining that solar energy is a renewable energy, which causes no pollution and ensures energy saving. High costs involved in installation, storage, and purchase of solar devices is expected to hamper the growth of the market. However, the global solar PV glass market is yet to explore its full potential. The surge in demand for renewable energy from emerging economies such as India, China, and Japan are expected to offer lucrative growth opportunities to the market.
The global solar PV glass market is segmented on the basis of type, end-use industry, and region. On the basis of type, it is divided into anti-reflective coated glass, tempered glass, TCO glass, and others. The tempered glass segment holds a dominant position in the market and anti-reflective coated glass segment is expected to grow with the highest CAGR of 31.6% during the forecast period.
By end-use industry, the solar photovoltaic glass market trends are studied across residential, commercial and utility scale. The utility-scale segment holds a dominant position and is expected to grow with the highest CAGR of 31.4%, during the forecast period.
Region wise, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region holds a dominant position in the market and LAMEA is expected to grow with the highest CAGR of 31.0%, during the forecast period.
Key Findings of the Solar Photovoltaic Glass Market:
In 2018, the Asia-Pacific market held a share of over 68% in the solar photovoltaic glass market size.
The tempered glass segment is expected to hold a dominant position in the solar PV glass market share during the forecast period.
The anti-reflective coated glass segment is projected to grow at a CAGR of 31.6% by 2026.
The Asia-Pacific region dominated the solar photovoltaic glass market in 2018 and LAMEA is expected to grow with the highest CAGR during the forecast period.
The qualitative data in the report aims on the solar PV glass market trends, dynamics, and developments in the solar photovoltaic glass industry while the quantitative data provides information about the market share and market size in terms of revenue and volume.
The key players involved in the global solar PV glass market are Suntech Power Holding Co. Ltd, Sun Power Corporation, First Solar Inc, Yingli Green Energy Holding Co. Ltd, Canadian Solar Inc, Schott Solar Ag, Sharp Corporation, Solar World Ag, Jinko Solar Holding Company Ltd, and Trina Solar Ltd To stay competitive, these market players are adopting different strategies such as product launch, partnership, merger and acquisition. For instance, one of the largest solar panel manufacturers, Trina Solar announced to expand its solar manufacturing base in India.
Companies Mentioned
- Suntech Power Holding Co. Ltd
- Sun Power Corporation
- First Solar Inc
- Yingli Green Energy Holding Co. Ltd
- Canadian Solar Inc
- Schott Solar Ag
- Sharp Corporation
- Solar World Ag
- Jinko Solar Holding Company Ltd
- Trina Solar Ltd To stay competitive
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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