Solar Reflective Glass Market, Industry Analysis Report, Regional Outlook, Application `Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3620
The solar reflective glass market is anticipated to grow owning to increasing demand of heat reflective products in modern commercial and residential establishments coupled with rising disposable income of people across the developing nation. Increasing adoption of advanced technology toward providing an energy efficient solution will positively influence the business landscape. Furthermore, increasing interest of manufactures to widen their green products and services portfolio will propel the solar reflective glass market.
Ongoing government initiatives and programs toward building of sustainable economy including Feed-in Tariff (FIT) programs, investment tax credit and other tax benefit schemes will stimulate the solar reflective glass market growth. Rising demand of energy efficient buildings along with increase in commercial real estate investment across the developing economy will positively influence the business landscape.
The ability to maintain equitable temperature in enclosure through controlling the amount of solar radiation entering a building as well as preventing the radiations from escaping will stimulate the product penetration. The widespread utilization in various building applications including doors, windows, façades, atria, rooftops and walkways will positively influence the solar reflective glass market.
Rising awareness for greenhouse gas emission through continual usage of air conditioners will shift the consumer preference to alternative cooling technologies. Growing emphasis to reduce building carbon emission resulting from excessive use of electricity and consumption of natural gas & petroleum for heating and cooking will enhance the product penetration. In addition, significant growth in the Building Integrated Photovoltaics (BIPV) systems in commercial installations pertaining to increasing awareness related to green buildings will further propel solar reflective glass market size.
Improved fuel efficiency on account of reduction in air condition load will enhance the glass usage in the automobiles. Significant benefits offered by the product including reduction of heat load on the vehicle, superior comfort level and blocking of harmful Ultraviolet (UV) rays will further propel the usage of glass in the automobiles. In addition, mandatory emission reduction targets set by the European Union legislation for modern cars are anticipated to have a positive influence on solar reflective glass market size.
China solar reflective glass market is projected to grow on account of increasing investment in construction sector coupled with environmental regulations toward building emissions. The shifting trend toward sustainability and pressing need for reduction in the carbon footprint are some of the key factors driving the product demand. Supportive government policies promoting the construction of green buildings will further fuel the business growth. For instance, the government of China launched Leadership in Energy and Environmental Design (LEED) certification for buildings which were constructed as per the green building standards.
The key players operating across the solar reflective glass market includes Asahi Glass, Heliotrope, Saint-Gobain, e-Chromic, Guardian Industries, Gentex, PPG Industries, Ravenbrick LLC and Polytron.
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