Solar Photovoltaic Glass Market Size to Surpass US$ 21.1 billion by 2027| MarketsandMarkets™ Report

December 15 18:25 2022
Solar Photovoltaic Glass Market Size to Surpass US$ 21.1 billion by 2027| MarketsandMarkets™ Report
Browse 330 market data Tables and 47 Figures spread through 237 Pages and in-depth TOC on “Solar Photovoltaic Glass Market”
Solar Photovoltaic Glass Market by Type (AR-Coated, Tempered, TCO-Coated), Application, End User (Crystalline Silicon PV Module, Thin Film Module, Perovskite Module), Installation Technology & Region

The report Solar Photovoltaic Glass Market by Type (AR-Coated, Tempered, TCO-Coated), Application, End User (Crystalline Silicon PV Module, Thin Film Module, Perovskite Module), Installation Technology & Region – Global Forecast to 2027″, Solar photovoltaic glass market size is projected to reach USD 21.1 billion by 2027 from USD 6.2 billion in 2022 growing at a CAGR of 27.9%.


AR-coated solar PV glass to hold the largest share in the global solar PV glass market through the forecast period

The solar PV glass industry has been segmented based on type into AR-coated solar PV glass, tempered solar PV glass, TCO-coated solar PV glass, and others. The AR-coated segment accounted for the dominant share of the market in 2021. The dominance of this segment is attributed to the high efficiency of these glasses in conversion of solar energy. Also, they can be easily placed in sensitive surroundings such as airports. On the other hand, TCO-coated solar PV glass have better transmission of energy, which is expected to lead this segment to grow with the highest CAGR during the forecast period.

Get PDF Brochure for Research Insights at 

Utility segment to grow at the fastest rate during the forecast period

The solar PV glass industry has been segmented based on application into residential, non-residential, and utility. The utility segment is projected to grow with the fastest CAGR during the forecast period. The growth in this segment is attributed to the conducive support of governments across the globe to set up of solar energy farms. Governments are providing subsidies and tax rebates to companies setting up solar farms for feeding energy into the grid. For instance, in China, the budget for renewable energy rebates was increased to USD 840 million for 2021, of which about 55% was allocated to the solar power industry. A similar trend is observed across the globe, even in underdeveloped countries, in order to reduce their fossil fuel import burden.

Crystalline silicon PV modules utilize the maximum of solar PV glass manufactured across the globe

The market has been segmented based on the end-user into crystalline silicon PV module, thin-film modules, and perovskite modules. The crystalline silicon PV modules segment accounted for the largest share of the market in 2021 and is expected to witness significant growth during the forecast period. This increase is attributed to good efficiency, easy availability of semiconductor raw material, and competitive cost of the module in large volumes. On the other hand, perovskite module is a relatively new technology that is gaining popularity owing to its higher efficiency and low space requirements.

Request a Sample of this Report at 

Pattern glass technology accounts for the highest share of installation of solar PV glass

The market has been segmented based on installation into float glass technology and pattern glass technology. Patterned glass is largely utilized owing to its capability to concentrate energy flow into the cell. Glasses with this technology are generally coated with AR-coating for maximizing efficiency and then used in utility solar cells on a large scale. On the other hand, float glass is used in spaces wherein transmission of light is as important as absorption such as windows, facades, and canopies.

Asia Pacific is expected to have the largest market size in the global solar PV glass industry during the forecast period

Asia Pacific is projected to be the leading solar PV glass market during the forecast period. The dominance of the regional market can be attributed to the concentration of solar PV module manufacturers in the region, especially in China. According to International Energy Agency, Asia Pacific hold 90% share in the manufacture of solar modules, with China alone accounting for 74% of the global manufacturing capacity. These glasses are primarily used in solar modules, thus leading the glass demand in the region to be the highest. The presence of a robust industrial base, favorable government policies for solar energy generation, and low labor costs are factors strengthening the solar PV glass industry and attracting major players to invest in the region.

Request for Bundle Report at 

Xinyi Solar Holdings Ltd. (China), IRICO Group New Energy Co., Ltd. (China), Flat Glass Group Co., Ltd (China), Qingdao Jinxin Glass Co., Ltd. (China), Dongguan CSG Solar Glass Co., Ltd. (China), AGC Solar (Japan), Nippon Sheet Glass Co., Ltd. (Japan), Taiwan Glass Ind. Corp. (Taiwan), Saint-Gobain (France), Borosil Renewables Ltd. (India), and Guardian Glass (US), among others, are the key players operating in the solar PV glass market.

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States