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Global Solar PV Glass Market: By Application: Non-residential, Residential, Utility; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Solar PV Glass Market Outlook
The global solar PV glass market attained a value of nearly USD 7.11 billion in 2021. The market is further estimated to grow in the forecast period of 2022-2027 at a CAGR of 28.60% to reach about USD 32.98 billion by 2027.
Growing Adoption of Clean Energy Sources to Bolster the Market for Solar PV Glass
The solar PV glass market is being driven by the robust growth of the construction industry. As the industry is increasingly adopting advanced technologies and clean energy sources due to the rising environmental concerns, the deployment of solar PV glass is growing. The rapid transformation of the global solar energy landscape and easy installation of solar PV glass is also boosting the market growth of solar PV glass. The other factors propelling the demand for solar PV glass are the evolving solar industry, rapid modernisation and urbanisation, and the increasing utilisation of solar PV glass in different applications in the utility, residential and non-residential sectors.
Various leading manufacturers are developing new products with superior thermal insulation and higher efficacy, which is further supporting the solar PV glass market growth. Moreover, the rising focus of various developing and developed countries on increasing solar installations and the growing popularity of the green building concept are expected to bolster the market growth of solar PV glass during the forecast period across the globe.
Market Segmentation
Solar PV glass is a glass that uses solar cells to convert solar energy into electricity. It is typically installed on roofs of buildings to produce power that can be used by the entire building. Solar PV glasses contribute to sustainability and reduce carbon footprint while bolstering the cost-effectiveness of facilities, due to which it is increasingly preferred in various end-use sectors.
The market for solar PV glass, by application, is divided into:
- Non-residential
- Residential
- Utility
The EMR report looks into the regional markets of solar PV glass like Latin America, North America, Europe, the Asia Pacific, and the Middle East and Africa.
The Asia Pacific to Hold a Significant Share in the Market for Solar PV Glass
The market for solar PV glass in the Asia Pacific is anticipated to witness significant growth on account of technological advancements and innovations and the rising government investment in the future of solar glass in the region. Countries like India and China are expected to gain momentum in the market of solar PV glass due to the introduction of various favourable initiatives by governments like the imposition of Basic Customs Duty (BCD) on the import of solar PV cells and Modified Special Incentive Package Scheme (M-SIPS) Scheme to promote local development and manufacturing of renewable energy technologies. Moreover, the mass production and commercialisation of solar PV glasses in China are anticipated to further boost the market growth in the region, which is likely to significantly contribute to the overall growth of the solar PV glass market.
Key Players in the Global Market for Solar PV Glass
The report presents a detailed analysis of the following key players in the global solar PV glass market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Onyx Solar Group LLC
- Sharp Corporation
- Saint-Gobain
- Nippon Sheet Glass Co., Ltd.
- Trina Solar Co., Ltd.
- Wuxi Suntech Power Co., Ltd.
- Others
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Application
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Solar PV Glass Market Analysis
8.1 Key Industry Highlights
8.2 Global Solar PV Glass Historical Market (2017-2021)
8.3 Global Solar PV Glass Market Forecast (2022-2027)
8.4 Global Solar PV Glass Market by Application
8.4.1 Non-residential
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Residential
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Utility
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.5 Global Solar PV Glass Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Onyx Solar Group LLC
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Sharp Corporation
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Saint-Gobain
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Nippon Sheet Glass Co., Ltd.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Trina Solar Co., Ltd.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Wuxi Suntech Power Co., Ltd.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Solar PV Glass Market: Key Industry Highlights, 2017 and 2027
2. Global Solar PV Glass Historical Market: Breakup by Application (USD Billion), 2017-2021
3. Global Solar PV Glass Market Forecast: Breakup by Application (USD Billion), 2022-2027
4. Global Solar PV Glass Historical Market: Breakup by Region (USD Billion), 2017-2021
5. Global Solar PV Glass Market Forecast: Breakup by Region (USD Billion), 2022-2027
6. North America Solar PV Glass Historical Market: Breakup by Country (USD Billion), 2017-2021
7. North America Solar PV Glass Market Forecast: Breakup by Country (USD Billion), 2022-2027
8. Europe Solar PV Glass Historical Market: Breakup by Country (USD Billion), 2017-2021
9. Europe Solar PV Glass Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Asia Pacific Solar PV Glass Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Asia Pacific Solar PV Glass Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Latin America Solar PV Glass Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Latin America Solar PV Glass Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Middle East and Africa Solar PV Glass Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Middle East and Africa Solar PV Glass Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Global Solar PV Glass Market Structure
Key Questions Answered in the Report
In 2021, the global solar PV glass market attained a value of nearly USD 7.11 billion.
The market is assessed to grow at a CAGR of 28.60% between 2022 and 2027.
The market is estimated to witness healthy growth in the forecast period of 2022-2027 to reach almost USD 32.98 billion by 2027.
The major market drivers are rapid urbanisation, the growing construction industry, and the introduction of various favourable government initiatives to boost solar development.
The key trends guiding the growth of the market include technological advancements and innovations, the surging adoption of clean energy sources, and the growing launches of diversified solar PV glasses by leading market players.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various applications of solar PV glass in the market include non-residential, residential, and utility.
The major players in the 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.
Analyst Review
The global solar PV glass market attained a value of nearly USD 7.11 billion in 2021, driven by the growing adoption of solar energy. Aided by the introduction of favourable government initiatives to fuel solar power developments, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 28.60%. The market is estimated to reach about USD 32.98 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. The market for solar PV glass, by application, is divided into non-residential, residential, and utility. The major regional markets for solar PV glass are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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