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Key Driving Factors of The Global Solar Photovoltaic Glass Industry by 2026

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Key Driving Factors of The Global Solar Photovoltaic Glass Industry by 2026

January 15
10:20 2020
Key Driving Factors of The Global Solar Photovoltaic Glass Industry by 2026
Browse 85 market data tables and 40 figures spread through 198 pages and in-depth TOC on “Solar Photovoltaic Glass Market Analysis by Type (Anti-Reflective Coated Glass, Tempered Glass, TCO Glass, and Others) and End-Use Industry (Residential, Commercial, and Utility-Scale) and region, Forecast to 2026

The global solar photovoltaic glass market is expected to grow at a CAGR of 30.3% during the forecast period 2019-2026 to reach a market size of USD 37.6 billion by 2026. The solar photovoltaic glass market deals in solar photovoltaic glasses that are generally known as solar PV glasses that functions by converting solar energy into electricity.

Market drivers and restraints

The global solar photovoltaic glass market is showing a progressive growth and supported by various growth factors such as favorable government policies and regulations towards solar PV installations. Moreover, increasing demand for solar systems by various end-use segments such as utility-scale, commercial and residential sectors will boost the demand of the solar PV glasses that in turn will positively influence the market growth over the forecast period. Additionally, the global market is driven by rise in photovoltaic panel installation projects and domestic content laws due to expiration of government investment tax credit.

 

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Major Market Players

The key players involved in the global solar PV glass market are Yingli Green Energy Holding Co. Ltd., Schott Solar Ag, Jinko Solar Holding Company Ltd., Solar World Ag, Suntech Power Holding Co. Ltd., Sun Power Corporation, First Solar Inc., Canadian Solar Inc., Sharp Corporation, and Trina Solar Ltd. The market players present in the market adopt various market strategies such as Product Launches, Mergers and Acquisitions, Partnerships, Collaborations, Business Expansions, Agreements and others.

Market Segmentation

The global solar PV glass market is segmented on the basis of type and end-use industry.

Type segment is further segmented as:

  • Tempered Glass
  • Anti-reflective Glass
  • TCO Glass
  • Others

 End-use segment is further segmented as:

  • Utility-Scale
  • Commercial
  • Residential

The utility-scale segment holds major share in the solar PV glass market among all end-use sub-segments and the sub-segment is expected to grow at a highest CAGR during the forecast period. Utility-scale solar plants offer the benefits of electricity at fixed-priced during peak demand hours. Utility-scale segment aided the clean energy development by reducing carbon pollution in environment.

Geographical Segmentation

Geographically, the global solar PV glass market research study was analyzed considering various regions, such as North America, Europe, Asia-Pacific, and LAMEA. The revenue contribution of these regions was studied in detail to estimate the market size possibly accurate considering the forecast period 2019-2026.  LAMEA and the Asia-Pacific are major region in the global PV glass market that are witnessing high growth owing to rapid development of renewable power infrastructure to fulfill the electricity demand. While on the other hand, North America will also witness a high growth in the Solar PV glass market owing to feed-in-tariffs programs of Canada and the U.S. that were launched in 2009. The program was to attract the investments and encourage the development of technology related to renewable energy. Thus, ongoing investments by regional government towards the scaling and development of renewable energy will boost the demand for solar PV glasses.

The global solar PV glass market research study compiled by Report Ocean consists of extensive market research that include qualitative and quantitative methods to calculate the market size. Research analysts conduct primary and secondary research to collect market information on different basis. The research report consists of various economic and financial parameters for in-depth market analysis. Porter’s five force model and SWOT analysis are some examples of economic parameters that were considered for market analysis in descriptive manner.

Some of the key topics covered in the report include:

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

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