Solar Photovoltaic Glass Market by Type, Solar Cell Technology, Installation, Application, End-Use

Description

List of Tables

[193 Pages Report] The Solar Photovoltaic Glass Market size was estimated at USD 8.63 billion in 2023 and expected to reach USD 10.86 billion in 2024, at a CAGR 26.51% to reach USD 44.79 billion by 2030.

Solar photovoltaic (PV) glass is a technologically advanced glass product designed to convert sunlight into electricity. Incorporating embedded solar cells, this innovative material combines the practicality of providing transparency and protective barriers typical of conventional glass with the unique ability to generate renewable energy. This sustainable solution is increasingly utilized in facades, skylights, and other architectural features, playing a crucial role in advancing energy-efficient building designs and contributing to the global evolution towards renewable energy sources. The global market for solar PV glass has witnessed substantial growth driven by increasing environmental awareness, governmental incentives for green building projects, and the escalating demand for sustainable energy sources. However, high initial investment costs, technological complexities associated with integration into existing structures, and the reliance on weather conditions can affect energy production consistency, hindering market adoption. Nevertheless, technological advancements in PV glass manufacturing, the rise in smart city projects, and the push towards zero-energy buildings create lucrative opportunities for integrating solar PV glass.

KEY MARKET STATISTICS
Base Year [2023]	USD 8.63 billion
Estimated Year [2024]	USD 10.86 billion
Forecast Year [2030]	USD 44.79 billion
CAGR (%)	26.51%

Type: Burgeoning utilization of tempered solar PV glass due to their durability, safety, performance efficiency, and cost-effectiveness

Anti-reflective (AR) coated solar photovoltaic (PV) glass is designed to reduce surface reflections and increase the quantity of sunlight absorbed by the solar panel. This coating significantly enhances the efficiency of solar panels by allowing more light to penetrate through the glass and reach the solar cells. AR-coated solar PV glass is especially beneficial in low-light conditions, making it essential for maximizing energy production in solar installations. Transparent Conductive Oxide (TCO) coated solar PV glass features a thin conductive coating that plays a dual role: it serves as an electrical conductor and also allows light to pass through to the solar cells beneath. The TCO layer is crucial for operating thin-film solar panels, including amorphous silicon, cadmium telluride, and copper indium gallium selenide technologies. This coating improves the electrical properties and performance of the solar cells while maintaining high transparency and light absorption. Tempered solar PV glass, or toughened glass, is processed by controlled thermal to increase its strength compared with normal glass. The tempering process makes the glass much more challenging to break, and if it does break, it shatters into small, granular chunks instead of sharp shards. This characteristic makes tempered solar PV glass safer for solar panel applications. Additionally, its enhanced durability offers increased protection against environmental conditions such as hail, heavy snow, and ice accumulation, thereby extending the life of solar panels.

End-Use: Evolving application of solar photovoltaic glass in the residential sector

The non-residential sector encompasses many facilities, including commercial buildings, industrial plants, and public infrastructures. Solar photovoltaic (PV) glass, in this context, is increasingly being utilized due to its dual functionality - generating clean electricity while serving as a building material. This sector benefits significantly from integrating solar PV glass in facades, roofs, and skylights, contributing to sustainable building practices and energy savings. The scalability of solar PV glass applications in the non-residential sector aligns with corporate and governmental sustainability targets, making it a pivotal area of growth in green construction and renewable energy adoption. In the residential sector, solar photovoltaic (PV) glass is predominantly applied in skylights, glass doors, conservatories, and as part of the roofing materials. Homeowners are increasingly adopting solar PV glass due to its aesthetic appeal and capacity to reduce electricity bills by generating renewable energy directly from their homes. The integration of solar PV glass into residential architecture not only enhances the building's energy efficiency but also increases property values. As awareness and concern for sustainable living practices grow, the residential market for solar PV glass is expected to expand, offering eco-friendly solutions for modern homes.

Regional Insights

The Asia-Pacific region has emerged as a frontrunner in the solar photovoltaic glass market. This can be attributed to substantial investments in solar energy, supportive government policies, and increasing environmental awareness among consumers. Countries in the Asia-Pacific have numerous patents related to solar photovoltaic technology. Government incentives and a strong manufacturing base have fostered massive growth in this sector. There is a rising emphasis on sustainable energy sources in the Americas, particularly in the United States and Canada, which has significantly increased the demand for solar photovoltaic glass. Consumer awareness and state-level incentives have contributed to this trend. Furthermore, with technological advancements and patent registrations in solar technologies, the US has seen substantial investments in solar photovoltaic installations. Europe has been at the forefront of adopting renewable energy technologies, including solar photovoltaic glass, driven by stringent environmental regulations and targets set by the European Union. Middle Eastern countries including Saudi Arabia and the United Arab Emirates are increasingly investing in solar energy projects to diversify energy resources and reduce dependence on oil. In contrast, despite facing infrastructural challenges, Africa shows promise due to its vast untapped solar resources. However, Initiatives, including the African Renewable Energy Initiative (AREI), aim to exploit the continent's solar potential.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Solar Photovoltaic Glass Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Solar Photovoltaic Glass Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Solar Photovoltaic Glass Market, highlighting leading vendors and their innovative profiles. These include AGC Group, Borosil Glass Works Ltd., Changzhou Almaden Co., Ltd., Csg Holding Co.,Ltd., EMMVEE Solar Systems Pvt. Ltd., Flat Glass Co. Ltd., GruppoSTG Srl, Hainan Development Holdings Nanhai Co., Ltd., Hanwha Q CELLS GmbH, Hebei Yingxin Glass Group, Hecker Glastechnik GmbH & Co. KG, Irico Group New Energy Company Limited, Jinko Solar Co., Ltd., Kaneka Corporation, Mitsubishi Electric Corporation, Nippon Sheet Glass Co. Ltd., sahi Glass Co., Ltd., Saint-Gobain Group, Sisecam, Taiwan Glass Ind. Corp., Targray Technology International Inc., ViaSolis, and Xinyi Solar Holdings Ltd..

Market Segmentation & Coverage

This research report categorizes the Solar Photovoltaic Glass Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- AR Coated Solar PV Glass
- TCO Coated Solar PV Glass
- Tempered Solar PV Glass

Solar Cell Technology
- Crystalline Silicon
- Perovskite Solar Cells
- Thin-Film Solar Cells

Installation
- Float Glass
- Patterned Glass

Application
- Automotive
- Building-Integrated Photovoltaics
- Portable Devices
- Utility-Scale Solar Power Plants

End-Use
- Non-Residential
- Residential

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Solar Photovoltaic Glass Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Solar Photovoltaic Glass Market?

3. What are the technology trends and regulatory frameworks in the Solar Photovoltaic Glass Market?

4. What is the market share of the leading vendors in the Solar Photovoltaic Glass Market?

5. Which modes and strategic moves are suitable for entering the Solar Photovoltaic Glass Market?

Product Code: MRR-03050D1B2DBF

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rise in smart city projects and the push towards zero-energy buildings
  - 5.1.1.2. Development of off-grid electricity systems across economies
  - 5.1.1.3. Increasing adoption of consumer electronics and expanding automotive sector worldwide
- 5.1.2. Restraints
  - 5.1.2.1. High initial investment and installation costs of solar PV glass systems
- 5.1.3. Opportunities
  - 5.1.3.1. Governmental incentives and policies promoting green energy
  - 5.1.3.2. Significant advancements in energy storage technologies
- 5.1.4. Challenges
  - 5.1.4.1. Limitations associated with the efficiency of PV glass and recyclability concerns
5.2. Market Segmentation Analysis
- 5.2.1. Type: Burgeoning utilization of tempered solar PV glass due to their durability, safety, performance efficiency, and cost-effectiveness
- 5.2.2. End-Use: Evolving application of solar photovoltaic glass in the residential sector
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Solar Photovoltaic Glass Market, by Type

6.1. Introduction
6.2. AR Coated Solar PV Glass
6.3. TCO Coated Solar PV Glass
6.4. Tempered Solar PV Glass

7. Solar Photovoltaic Glass Market, by Solar Cell Technology

7.1. Introduction
7.2. Crystalline Silicon
7.3. Perovskite Solar Cells
7.4. Thin-Film Solar Cells

8. Solar Photovoltaic Glass Market, by Installation

8.1. Introduction
8.2. Float Glass
8.3. Patterned Glass

9. Solar Photovoltaic Glass Market, by Application

9.1. Introduction
9.2. Automotive
9.3. Building-Integrated Photovoltaics
9.4. Portable Devices
9.5. Utility-Scale Solar Power Plants

10. Solar Photovoltaic Glass Market, by End-Use

10.1. Introduction
10.2. Non-Residential
10.3. Residential

11. Americas Solar Photovoltaic Glass Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Solar Photovoltaic Glass Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Solar Photovoltaic Glass Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. New Solar Glass Production Line in the U.S.
- 14.3.2. Vitro Enters Agreement With First Solar to Manufacture Glass for Solar Panels
- 14.3.3. Borosil Expands Solar Glass Capacity in India
14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio