Solar PV Glass Market worth over $3bn by 2024
Published Date: May 26, 2017 Authors: Ankit Gupta, Aditya Singh Bais
Solar PV Glass Market size is set to exceed USD 3 billion by 2024, according to a new research report by Global Market Insights, Inc.
Stringent government norms toward reduction of carbon footprints by increasing the installation of clean energy sources will stimulate the market growth. Furthermore, increasing funding from public and private financial institutions including the World Bank, Asian Development Bank (ADB) to explore PV potential across developing nations will foster the market demand.
Financial and technical assistance including rebates, subsidies, and asset leveraging, by government authorities will boost the solar PV glass industry growth. In 2017, Energy ministry of France awarded an average feed-in-tariff premium of USD 70.25/MWh towards large-scale ground-based photovoltaic installations. The government has further led targets of achieving about 20.2 GW solar PV capacity by 2023.
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Government initiatives towards sustainable energy integration coupled with growing measures toward energy conservation will augment the U.S. solar PV glass market. In 2016, The U.S. Government revised its SunShot initiative plans with an aim to achieve cost targets of about USD 0.05/Kwh and USD 0.04/Kwh for residential and commercial PV applications respectively.
Annealed product segment will witness strong growth in the coming years owing to its cost competitiveness, and ease of manufacturing. Product flexibility subject to heat strengthening, ease of polishing & machining and easy cutting will further complement the market outlook.
Browse key industry insights spread across 310 pages with 744 market data tables & 11 figures & charts from the report, “Solar PV Glass Market Size By Technology (Float, Pattern), By Product (Annealed, Tempered / Toughened), End Use (Crystalline Silicon Module, Amorphous Silicon / CdTe Module, Thin-Film CIS / CIGS Module), Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
Crystalline silicon solar PV glass demand is estimated to cross 5 million metric ton by 2024 led by its high operational efficiencies and increasing R&D investments. In 2017, researchers from Korea Advanced Institute of Science and Technology in collaboration with Sungkyunkwan University introduced their semi-transparent solar cell for solar windows in automobile and buildings. The perovskite integrated cell technology generates electricity and provides smart heat management for indoor activities.
Netherlands solar PV glass market size valued at USD 20 million in 2016 and is anticipated to grow substantially through 2024. Ongoing government initiatives to expand rooftop installations along with stringent norms pertaining to reduction of GHG emissions will influence the market growth.
The UAE market is predicted to register high gains during the forecast period due to rising investments towards energy efficient technology and maintaining energy mix. Independent Power Project bids along with Engineering, Procurement and Construction programs lead to low LCOE’S, further complementing the market demand.
Notable market players include Nippon, Onyx, Saint Gobain, Guardian Industries, Guangdong Golden, Xinyi, Sunarc Technology, Borosil, Euro Multivision, Flat Group, Jin Jing, Hecker Glastechnik, Vidur Glass and Interfloat Corporation.