Global Solar PV Glass Market to Grow at a CAGR of 24.7% During 2024-2032, Aided by the Increasing Energy Demand

With the growing energy demand and the increasing concerns regarding energy consumption in buildings, the utilisation of solar PV glass to meet energy demands is boosting. The surging use of solar PV glass as an alternative to skylights, facades, windows, and roofs, among others, is propelling the market growth. Various leading companies are also attempting to enhance the mass production and commercialisation of solar PV glass. Moreover, solar PV glass panels are being installed in existing facilities and buildings to contribute to their aesthetics and energy-efficiency, which, in turn, is bolstering their demand in the commercial sector.

Sharp Corporation (OTCMKTS: SHCAY), one of the key players in the market, announced the launch of the 540W bifacial double glass PV panel in April 2022. The half-cut cell monocrystalline silicon photovoltaic (PV) panel is designed for utility and commercial-scale free-field installations to provide consumers a higher investment return and a lower levelised cost of electricity (LCOE). The product has a module efficiency of 20.9% while its bifacial technology can enhance the panel power output up to 25%. It is also equipped with 144 M10 wafer size half-cells and is designed for voltage up to 1500 V. Further, it is printed with white reflectors to boost light absorption on the front side while ensuring high performance at increased temperatures. As the panel features ten busbar technology by using round ribbons, it elevates the power gain from each cell and decreases their microcrack sensitivity to offer enhanced reliability. The product also reduces the dependency on conventional energy sources to aid in combating climate change.

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Market Analysis by Application and Region:

• The market, on the basis of application, can be divided into non-residential, residential, and utility.

• The regional markets for solar PV glass include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The robust growth of the construction sector is surging the installation of solar PV glass, hence propelling the market growth.

• The market is being fuelled by the flourishing solar industry, the increasing popularity of green buildings, and the growing adoption of advanced technologies.

• The introduction of various favourable properties by governments to promote manufacturing and development of renewable energy technologies is propelling the market for solar PV glass.

• Technological advancements and innovations in the solar sector are likely to augment the market growth of solar PV glass.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for solar PV glass for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the applications and major regions of solar PV glass.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global solar PV glass market are Onyx Solar Group LLC, Sharp Corporation, Saint-Gobain, Nippon Sheet Glass Co., Ltd., Trina Solar Co., Ltd., and Wuxi Suntech Power Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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